- FTX has signed a multi-year partnership with TSM
- FTX has made the $210 million deal for the naming rights to TSM.
- TSM will be renamed to TSM FTX.
The popular crypto derivatives exchange platform, FTX has signed a multi-year partnership with one of the world’s biggest pro-e-sports team TSM. In this partnership, FTX has made the $210 million deal for the naming rights to TSM.
FTX is a crypto exchange, by volume, it is among the top five derivative exchanges. A large sum is invested by a leading cryptocurrency exchange Binance in the FTX platform. Moreover, this shows FTX is a promising and trustworthy platform.
According to this partnership, TSM will be renamed TSM FTX. Moreover, the part of the deal the crypto distributed to the players and employees by TSM FTX with newly regenerated esports company also purchasing $1 million worth native token of the FTX cryptocurrency exchange FTT.
Henceforth, the most valuable e-sport company is TSM, with this new partnership with crypto exchange FTX, it will concern with wide growth towards new mobile platforms. Furthermore, the fund utilized in launching new offices in some countries like Asia, Europe, South America, and more.
Moreover, the purchase of $1million worth of FTT will amount to about 29,400 tokens. This new deal will mark for FTX another major milestone in earning brand commendation for the exchange in the United States (US). In America, TSM is accordingly the most valuable esports brand.
Bankman-Fried, the Founder and CEO of FTX has commented,
“In the end, our partnerships will only be as strong as we make them, and we think that TSM will be able to help massively expand the presence of digital assets outside the traditional landscape. We’re also proud to work with them to give back to the world”.
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