- eSports.com AG, a German content website and cryptocurrency effort, has filed for insolvency.
- Last year, the company sponsored Counter-Strike: Global Offensive team Astralis to the tune of $2M USD over three years.
- A recent partnership with ProSiebenSat.1 will not be “directly affected by the insolvency,” according to a representative from that company.
eSports.com AG, a German company founded in 2017 to produce esports-related content and launch a cryptocurrency effort, has filed for insolvency.
The responsible district court in Munich mandated a provisional receivership on March 15 to secure the debtor’s assets until a decision regarding the insolvency claim has been made. The website first debuted in 2017, and original co-founder and chief esports officer Benjamin Föckersperger told Inc. that year that the company spent “seven figures” on the domain name.
In late 2017, eSports.com launched an initial coin offering (ICO) for its Esports Reward Token (ERT), which could be used to purchase planned coaching lessons and training videos from its website, as well as bet on matches. However, the betting component was later dropped. The company said it raised $5.8M in the ICO.
Related Article: 7Sports and eSports.com Found Joint Venture
Last year, eSports.com struck a number of partnerships within esports. In March 2018, the company agreed to a sponsorship deal with Counter-Strike: Global Offensive 
team Astralis
