eSports: Last News

FaZe Clan has officially gone public on the Nasdaq Stock Market in a deal evaluating at £607million ($725million).As reported by Axios, the gaming company officially began trading publicly on Nasdaq yesterday (July 20) shortly after its SPAC (Special-purpose acquisition company) merger with B.Riley Principal 150 Merger Corp.According to the publication, this is the first gaming company targeted at Gen-Z (those born between the late ’90s and early ‘2010s) consumers to go public and will now go on to trade under the name “FAZE”.The deal of £607million ($725million) is lower than the original one billion dollar valuation that was reported last year when the merger was announced.FaZe Clan is officially a publicly traded company. $FAZE pic.twitter.com/QjrOhJ9ffx— FaZe Clan (@FaZeClan) July 20, 2022However, after FaZe Clan officially went public, it was reported by PC Gamer that the deal prompted an immediate selloff of FaZe stock, as well as a 25 per cent decrease in its valuation on the first day.“I understand why other companies have been criticised for going public via the SPAC vehicle.

Asenbrener tweeted Tuesday, for the final time, drawing 3.8 million views on the social media platform.French eSports organization Team Vitality announced the death of its star “Valorant” player in a tweet Wednesday. “We are heartbroken to share with you that our Valorant player Karel ‘Twisten’ Asenbrener passed away last night,” the statement read.

Counter-Strike: Global Offensive (CS:GO). Players involved with the academy program will be chosen from the CS:GO Faceit Pro League (FPL), and given the support they need to get signed by top esports teams. This includes in-game, psychological, physical coaching, hardware and networking support from both Gucci and Faceit.The Gucci Gaming Academy aims to act as a next step for solo FPL players, and help them navigate their way through the realm of esports via training and other support programs.Gucci and Faceit have also teamed up with the World Health Organisation to ensure that players get proper individual and group support on a range of health topics.

Esports is potentially going to be a category in future Commonwealth Games, with a pilot being trialled at the 2022 event.Later this year at the Commonwealth Games 2022, the event will be trying out esports for the first time and will be known as the Commonwealth Esport Championships. No medals will be awarded, as it is only a pilot.