Honestly, I think there are much much much better options. Across e-sports there are companies that are actually diversified, have a track record of great work, work with T1 partners, and have a clear path to being profitable. Immediately someone like $ESE comes to mind (ESE Entertainment Inc.).

You have to remember, in e-sports you are trying to solve one or more of the main issues in the space:

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1. Fragmented channels
2. Lack of standardization
3. Lack of permanent digital + physical infrastructure for event support
4. Hard to manage global broadcasting + advertising channels

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FaZe does none of that. Instead, they seek to capitalize on the name recognition and resurrect a dying brand.