TSM (Team SoloMid) has announced a new $210m multi-year partnership deal, which is split between cryptocurrency exchanges FTX Trading Limited and West Realm Shires Services Inc - owners and operators of FTX.com and FTX.US respectively.
It's being touted as the naming rights partnership in esports history – FTX.com and FTX.US have secured the naming rights for TSM. The Esports team will now be known as TSM FTX.
TSM Strike A Deal With FTX
FTX.US has partnered with TSM in the US and FTX.com internationally.
As a result, TSM FTX plans to open offices around the world starting with Europe. They will also target Asia, South America and more.
With this strategic partnership, they will be looking TSM FTX to invest these resources into esports and gaming over the next five years. This also includes an expansion into new platforms, mobile and an increased investment in talent development.
TSM FTX will additionally distribute cryptocurrency to each of its players and employees as well as purchasing $1m in FTT (FTX’s native token).
“This deal is extremely important to the future of our organisation, but it was equally as important for me personally to partner with such a visionary leader. I am extremely proud Sam chose to work with TSM” said Andy Dinh, founder and CEO of TSM.