Esports Giant TSM Enters Into Web3 Gaming Partnership With Avalanche
Avalanche will be TSM's exclusive blockchain partner as it builds out its competitive gaming platform, Blitz.
As part of the deal, TSM will be launching a custom subnet that uses the native AVAX token as gas to bring Blitz on-chain.
According to a press release, TSM plans to host Avalanche-branded tournaments on the Blitz subnet "to help gamers improve their skills with performance insights and learning tools, also allowing players to compete in these Blitz Arenas for prizes." The platform will also use Avalanche asset manager Core to facilitate buying and storing of digital assets.
"Avalanche’s fully customizable subnets were created to help organizations like TSM push the boundaries of what is possible for gaming with sub-second transaction speed, scalability, and security for millions of users," said John Wu, president at Avalanche blockchain parent company Ava Labs.
The partnership between TSM and Avalanche aims to onboard millions of esports gamers into Web3, and comes after TSM ended its partnership with bankrupt crypto exchange FTX in November. As part of its deal with FTX, the esports league embedded FTX branding across its organization, team and player social media profiles. The partnership with FTX was once the largest in esports history and was valued at $210 million.
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