TSM partners with blockchain company Avalanche
TSM has secured a partnership with blockchain platform Avalanche for TSM’s competitive gaming platform Blitz.
The partnership will see Blitz use Core, Avalanche’s payment system, to power all user payments.
TSM and Avalanche will work together on activations for fans, players, and creators.
Blitz will get its own Subnet on the Avalanche blockchain, meaning that TSM will essentially get a custom blockchain to facilitate its needs. The two companies announced that TSM will host tournaments on the Blitz Subnet, and also create ‘Blitz Arenas’ that will offer prizes for players competing in them.
Avalanche will become the official blockchain partner for TSM going forwards, but the two parties did not disclose financial details.
Avalanche is a blockchain platform with the native currency AVAX. Avalanche prioritizes scalability and transaction processing speed. AVAX is used to secure the Avalanche blockchain and pay transaction fees across the network.
Team SoloMid (TSM) is a professional esports organization based in the United States. It was founded in September 2009 by Andy “Reginald” Dinh. TSM currently fields players in League of Legends, Dota 2, Apex Legends, Valorant, Hearthstone, Super Smash Bros., Fortnite, PUBG Mobile, Battlegrounds Mobile India, Tom Clancy’s Rainbow Six Siege, Magic: The Gathering Arena, and chess. The organization previously had a Counter-Strike: Global Offensive team based in Denmark that later became Astralis and also briefly owned an Overwatch team.