AVAX and the TSM e-sports team have signed an agreement to deploy the Blitz video game platform on a subnet. In addition, tournaments with prizes to be won will be organised.
TSM lands on Avalanche
TSM, the world-renowned e-sports team, last night announced a partnership with Avalanche (AVAX):
T…S…M! T…S…M! T…S…M!@TSM ChoseAvalanche as their exclusive blockchain partner, and will be launching a Subnet to bring @theblitzapp, the competitive gaming platform, on chain.
Buckle up, because this collaboration could revolutionize gaming.@GamingOnAvax pic.twitter.com/4NMQMhkugT
– Avalanche (@avalancheavax) March 7, 2023
The purpose of this agreement is to deploy a dedicated subnet for the Blitz video game platform. Subnets are essential components of the Avalanche ecosystem, they are sort of secondary networks connected to the main blockchain. This allows for great scalability, ensuring high transaction speeds at low cost, without clogging the main network.
John Wu, president of Ava Labs, the entity behind the development of Avalanche, expressed his pride in what subnet technology can bring to TSM:
Avalanche’s fully customisable subnets were created to help organisations like TSM push the boundaries of what is possible for gaming with sub-second transaction speed, scalability and security for millions of users. “
Online tournaments and prizes to be won
So the subnet on which the Blitz platform will be deployed must embrace its current 30 million players. For gas fees, AVAX will be used when players make transactions.
It is not yet clear to what extent blockchain technologies will be integrated into the TSM ecosystem. However, it has already been announced that tournaments will be held, sponsored by Avalanche, with prizes to be won.
In any case, this is not TSM’s first experience with cryptocurrencies. The company did sign a $210 million partnership with FTX in June 2021. The team adopted the name TSM FTX at the time, but that deal was cancelled with immediate effect when the exchange exploded in mid-air last November, exposing the financial crimes of its founder Sam Bankman-Fried.
If the association between TSM and Avalanche is successful, it could become an important democratisation vector, introducing many players to blockchain technologies. For Ava Labs, it is also an additional opportunity to prove the added value of the sub-networks that are starting to be deployed little by little.
At the same time, AVAX is currently trading at around $15.95 with a capitalization of approximately $5.19 billion, down more than 89% from its last all-time high (ATH).
