Liquid

The website was released on May 1, 2001, by Victor "Nazgul" Goossens and Joy "Meat" Hoogeveen under the domain teamliquid.cjb.net. On September 22, 2002, the website was moved to the address of teamliquid.net. A day later the very first poll was posted as a vote for the website's name with the teamliquid.net name winning over other suggestions such as likwit.com. On April 5, 2019, it was announced that the website would be moving to the domain tl.net, with teamliquid.net becoming an alias for teamliquid.com in the future.

Although Team Liquid was primarily known as a StarCraft news site, there are many sub sections on the forums dedicated to other games as well. It was announced on August 30, 2012, that Team Liquid would be expanding to covering Dota 2 news. On December 8, 2012, Liquid expanded their esports franchise into multiple games for the first time, with the recruitment of a North American Dota 2 team.

On January 6, 2015, Steven "LiQuiD112" Arhancet joined Victor Goossens as co-owner of Team Liquid, officially commencing the merge between former Team Curse Gaming under the Team Liquid banner.

On September 27, 2016, Team Liquid sold its controlling interest to aXiomatic Gaming, an investment group including Golden State Warriors co-owner Peter Guber, entrepreneur Ted Leonsis, motivational speaker Tony Robbins, basketball Hall of Famer Magic Johnson, and AOL co-founder Steve Case.

On December 16, 2017, Team Liquid disbanded their Halo roster.

In 2020, the organization introduced Blue, an anthropomorphic horse, as its mascot. Blue has been featured in the organization's merchandising campaigns and collaborations.