OG Esports rake in almost $1 million with just three NFT drops OG EsportsEuropean esports organization OG Esports have embraced NFTs since they rose in popularity at the top of 2021, generating close to $1 million in the process. Home to players that are the two-time victors of The International in Dota 2, OG have the second-most prize earnings of any organization in the industry \u2014 behind only Team Liquid \u2014 collecting over $34.5m at the time of writing, according to Esports Earnings. Now, utilizing blockchain technology, they\u2019ve amassed almost one million dollars since January 2021 by releasing three collections of digital artwork. The org have sold a variety of artwork as NFTs, which stands for non-fungible tokens, which assign a unique identifier to each digital piece sold so buyers technically own items that are one-of-one. Dexerto have done the maths across OG\u2019s three drops and calculate their total gross income as $986,709.36. There are fees associated with NFTs, such as \u2018minting\u2019 the products and then commission for the marketplace hosting the transaction, so the total revenue amassed by the org is unknown. Read More: Trovo launches NFTs of streamers\u2019 clips – The first drop from OG was on January 23, 2021, where they held an auction, sold 1099 mystery boxes, and 79 versions of artwork created by artist Filip Hodas. It generated a total of $272,089.88. $203,624.33 was amassed from the second drop, which commenced on March 28, which consisted of more auctions and both \u201copen\u201d and \u201cclosed\u201d editions of custom-made artwork. 10 art pieces. 3336 NFTs. 10 seconds. Everything sold out.#DreamOG | @binance @TheBinanceNFT @AmbreCollective pic.twitter.com\/44T8izjXSv \u2014 OG (@OGesports) July 6, 2021 OG\u2019s third NFT drop to date wrapped up on July 6 with them selling 10 art pieces with 3,336 associated tokens as well as hosting three closed auctions. Everything sold for a total of $510,995.15. Other companies in esports have gotten into selling NFTs to their fans since the start of 2021 too, with the likes of 100 Thieves, Dignitas, CS:GO tournament organizers Flashpoint, and McLaren Shadow all dabbling in the trend.<\/p>\n","protected":false},"excerpt":{"rendered":"
OG Esports rake in almost $1 million with just three NFT drops OG EsportsEuropean esports organization OG Esports have embraced NFTs since they rose in popularity at the top of 2021, generating close to $1 million in the process. Home to players that are the two-time victors of The International in Dota 2, OG have […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66846","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=66846"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66846\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=66846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=66846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=66846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}