The legendary Swedish esports team Ninjas in Pyjamas (NIP), is preparing to enter the competition on League of Legends: Wild Rift and hopes to participate in the League of Legends Professional League (LPL) in China by 2022. The organization announced its fusion with Chinese company ESV5, jointly owned by esports organizations eStar Gaming and Victory Five (V5). Currently, NIP has an impressive prize list. The team has shined in Counter Strike 1.6, CS GO, Valorant, FIFA and Rainbow Six Siege. We can’t wait to see the Ninjas in Pyjamas Wild Rift in action!
A major step for the Ninjas in Pyjamas Wild Rift to compete in the 2022 LPL.
Ninjas in Pyjamas’ fusion with ESV5 also has a financial purpose. Indeed, they plan to be listed on the NASDAQ, the American stock exchange, and the second largest stock exchange in the world, by the end of the year. If they succeed, NIP Group will become the first ever esports organization to become a publicly traded company in the United States. The project would have combined revenues of more than 400 million yuan (or $61.70 million) by 2021, according to Reuters.
“This is pretty massive, bigger than anything we’ve done before. More crowded arenas to entertain, more fans to satisfy, cooler merch to make, and hopefully the start of a new successful and magical NIP story”, NIP declared in a blog post.
However, this is the third time Ninjas in Pyjamas has entered the competitive scene in League of Legends: Wild Rift. Prior to this announcement, they tried their hand at the game twice before withdrawing. On the other hand, the Chinese team Victory Five has not had any success in Riot games’s MOBA. Because of this fusion, it will be renamed Ninjas in Pyjamas in 2022. Also, due to the rules set by Riot, the name change will have to wait until the 2022 LPL Summer Split.
A lot of expectations on the shoulders of the new NIP line-up!
The two companies (NIP and ESV5) are joining forces after a long period of reflection and decision-making. The merger between these two well-known organizations gives them the opportunity to enter the huge Chinese market, where Wild Rift will be one of the most popular games soon. We think that Mobile Legends has a lot to worry about. This new deal also marks NIP’s return to the professional League of Legends scene. It remains to be seen how this will play out for them in the Wild Rift esport arena.
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