Posted 1/23/2024, 12:01:02 PM
FaZe Clan Lands Multi-Million Dollar Crypto Gambling Sponsorship Despite Stock Struggles
- FaZe Clan announced a multi-million dollar sponsorship deal with crypto gambling platform Rollbit
- Deal focuses on sponsoring FaZe's Counter-Strike team, currently topping Valve's world ranking
- Rollbit not available in US; deal centers on sponsoring team's activities outside North America
- FaZe president called it "one of the largest" deals in Counter-Strike and esports history
- Comes a year after FaZe went public via SPAC at $725M valuation, which later cratered before $17M acquisition