Esports giant TSM is entering into a Web3 gaming partnership with Avalanche (AVAX), an altcoin project that Turkish crypto investors are interested in. Avalanche will become TSM’s exclusive blockchain partner in developing competitive gaming platform Blitz.
Esports giant TSM has chosen this altcoin project for partnership!
The cryptocurrency market has headed south following the statement from Federal Reserve chairman Jerome Powell, who has faltered. However, the market continues on its way in areas such as development and partnership. One of these partnerships was between the biggest esports team TSM and the altcoin project Avalanche, which is also a favorite of Turkish crypto money investors. TSM said on Tuesday that Avalanche will become its exclusive blockchain partner as TSM builds competitive gaming platform Blitz. As part of the deal, Avalanche will launch a private sub-net that uses the native AVAX token as a gas fee to bring Blitz to the Blockchain. Avalanche announced the partnership on its Twitter account:
TSM has chosen Avalanche as its exclusive Blockchain partner and will launch a Subnet to bring competitive gaming platform Blitz app to Blockchain. Buckle up, because this collaboration could revolutionize gaming!
What will the partnership bring to the parties?
According to a press release, TSM plans to host Avalanche-branded tournaments on the Blitz subnet “to help players hone their skills with performance insights and learning tools, and also to allow players to compete for prizes in these Blitz Arenas.” The platform will also use the Avalanche asset manager Core to facilitate the purchase and storage of digital assets. John Wu, president of Avalanche Blockchain parent company Ava Labs, made the following statement on the subject:
Avalanche’s fully customizable subnets were created to help organizations like TSM push the boundaries of what’s possible for gaming with sub-second processing speed, scalability, and security for millions of users.
Esports giant’s partnership with collapsing crypto exchange FTX
The partnership between TSM and Avalanche aims to engage millions of esports players on Web3. The development, meanwhile, comes after TSM terminated its partnership with bankrupt cryptocurrency exchange FTX in November. cryptocoin.comAs you follow, as part of its deal with FTX, the esports league, organization, team and player placed the FTX brand on their social media profiles. The partnership with FTX was once the largest in esports history and was valued at $210 million.
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