Recently formed Boston-based esports organisation XSET has named rapper Swae Lee as its first investor from the music industry. 

XSET, which was formed in July 2020 by former FaZe Clan executives Greg Selkoe, Wil Eddins, and Clinton Sparks, along with Marco Merue, says Lee, who is a member of duo Rae Sremmurd with his brother Slim Jxmmi, has invested an undisclosed amount in the organisation. 

Apparently, Lee was enticed to get involved in XSET by Clinton Sparks, the luminary record producer and entrepreneur, who was also responsible for attracting a Lee and a host of other artists, including Offset, to FaZe Clan.

Regarding his investment in XSET, Lee spoke with Rolling Stone, saying: 

“I always wanted to be on what’s next. There’s a network of people like myself who want to bring simple access for fans.

“XSET, FaZe, they have fans who like to do the same things I like to do: sit at home on a game and be lazy. I want to help make a huge network for all the kids to enjoy gaming, talk about life, talk smack to each other, get merch, and have first-person access to rappers.”

Despite Lee initially telling Rolling Stone that it was an “eight figure” investment, Lee promptly rephrased, saying it was merely in the “big figures.” XSET has also confirmed it was not an eight figure investment. 

Though details of any activations involving Lee have not been officially revealed, he suggested they could include things like sharing music via streams with XSET players, and even allowing fans to decide his styling and wardrobe for gigs. 

XSET, which already claims to be “the world’s most diverse, innovative, socially conscious pop-gaming and esports “SET” ever assembled”has said it is currently pursuing partnerships with more artists and athletes, and will announce further deals in the coming months. 

The organisation now fields teams in Valorant, Rocket League, Fortnite, Call of Duty Warzone, PUBG Mobile, COD Mobile, and Madden. 

AYO.NEWS says:

With Sparks involved, it was only a matter of time before high-profile artists started joining XSET. Of course, although any big name investors will give valuable publicity in the short-term, the trick will be getting them genuinely involved with content and engagement – something Lee seems keen to dive into. We’re keen to see where this goes…

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