Crypto

Toast in disguise explains why his Valorant team won’t have a crypto sponsor Dexerto

Published: 2023-01-21T15:49:28

Updated: 2023-01-21T15:49:52

Jeremy ‘DisguisedToast’ Wang, Twitch streamer and OfflineTV personality, has explained why his DSG esports organization won’t have a crypto-related sponsor.

Streaming giant Disguised Toast has been a late but welcome addition to the world of esports.

In January 2023, Toast revealed that he had acquired a Valorant esports team made up of former knights, 100 thieves and First Gaming players.

Known as DSG, the team got off to a good start and qualified for NA Challengers.

It has certainly been a learning experience for Toast outside of the games themselves. On January 20, he asked how esports organizations actually make money and, just before that, says it’s costing him tens of thousands of dollars a month.

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Despite the confusion over financial viability, Toast explained why we won’t see DSG donning a cryptocurrency-based sponsor anytime soon.

Speaking on 100T Hiko fluxhe explained why he wouldn’t be comfortable accepting a cryptocurrency-based sponsor for his DSG outfit.

After saying that many esports organizations are “going along” with crypto, he explained why his own won’t follow: “I’m going to do my best to avoid it. Because, I don’t know, personally I think as an esports organization you can’t accept crypto money and then sell it to all your fans.

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“Then once that drops it’s like ‘well guys, we’re not going to be in the crypto space anymore, sorry! Wipe your hands and pretend like you’re not just selling this to your very young player base.

In short, it looks like Toast has found the recent volatility in the crypto space as proof that he’s not quite ready to be pushed on esports fans, especially when some are so young.

esports organization TSM was forced to suspend a $210 million partnership with crypto firm FTX after its collapse and their owner became embroiled in legal troubles.

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Toast said he was more open to a game sponsor but, as of now, there are no confirmed sponsors for DSG’s immediate future.

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