Ranked among the top 20 altcoins by market value Avalanche (AVAX) Web-3 to the industry E-Sports enters with. TSM, one of the best E-Sports teams in the world, made a statement today, TSM’s gaming platform. Blitz while developing altcoin Avalanche (AVAX) announced that it will become a private blockchain partner with
E-sports Giant TSM Enters Web3 Gaming Partnership with Altcoin Avalanche (AVAX)
Avalanche will be TSM’s exclusive blockchain partner in building competitive gaming platform Blitz.
T…S…M! T…S…M! T…S…M!@TSM #ChoseAvalanche as their exclusive blockchain partner, and will be launching a Subnet to bring @theblitzappthe competitive gaming platform, on chain.
Buckle up, because this collaboration could revolutionize gaming.@GamingOnAvax pic.twitter.com/4NMQMhkugT
— Avalanche 🔺 (@avalancheavax) March 7, 2023
As part of the deal, Avalanche will launch a private subnet that uses its native AVAX token as gas to bring Blitz on-chain.
According to the press release, TSM plans to host Avalanche-branded tournaments on the Blitz subnet, helping players hone their skills with performance insights and learning tools, as well as allowing players to compete for prizes in Blitz Arenas.
The platform will also use Avalanche asset manager Core to facilitate the purchase and storage of digital assets.
“Avalanche’s fully customizable subnets have been created to help organizations like TSM push the boundaries of what is possible for gaming with sub-second processing speed, scalability and security for millions of users,” said John Wu, president of Avalanche blockchain parent company Ava Labs.
The partnership between TSM and Avalanche aims to engage millions of eSports players on Web3, and comes after TSM ended its partnership with the bankrupt crypto exchange FTX in November.
As part of its deal with FTX, the E-Sports league has placed the FTX brand on organization, team and player social media profiles. The partnership with FTX was once the largest partnership in esports history and was valued at $210 million.
*Not investment advice.
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