Bloomberg: The Hype Around Esports Is Fading as Investors and Sponsors Dry Up

Bloomberg: The Hype Around Esports Is Fading as Investors and Sponsors Dry Up. “Sports-business billionaires and gaming executives had hopes that esports could one day could scale into an organization like the National Basketball Association. But after a boom five years ago, several prominent esports teams and organizations, particularly in the US, are contracting, the result of a broad economic downturn, a venture capital industry that’s no longer willing to accept growth without profits and a crypto meltdown that has undercut a significant source of backing.”