TSM, a leading esports team, announced on Tuesday that Avalanche would serve as its sole blockchain partner as it develops its competitive gaming platform, Blitz. TSM will establish a special subnet that leverages the native AVAX token as gas to bring Blitz on-chain as part of the agreement.
TSM intends to hold Avalanche-branded competitions on the Blitz subnet to assist gamers in honing their skills with performance analytics and learning tools and letting players compete in these Blitz Arenas for rewards, according to a press release. For the purpose of facilitating the purchase and storage of digital assets, the site will also utilize Avalanche asset manager Core.
According to John Wu, the president at Avalanche blockchain parent company Ava Labs, Avalanche’s fully customizable subnets were designed to assist organizations such as TSM in pushing the limits of what is achievable in gaming by delivering sub-second transaction speed, scalability, and security for millions of users.
The collaboration between TSM and Avalanche, which comes after TSM discontinued its association with the bankrupt cryptocurrency exchange FTX in November, intends to bring millions of esports players onto the Web3. The esports league included FTX branding into its organization, team, and player social media profiles as part of its agreement with FTX. The deal with FTX, which was valued at $210 million, was previously the biggest in esports history.