FTX signed a deal with global esports team TSM for $210 million and named it "FTX TSM"

FTX signs $210 million deal with global esports team TSM for team naming rights: 'FTX TSM'

On June 4, TSM (Team Solomid), one of the world's leading e-sports organizations, and FTX Trading Limited agreed a $210 million partnership. TSM cooperates with FTX.US in the United States and FTX.com internationally. As the first crypto trading platform cooperating with the e-sports industry, FTX.com and FTX.US jointly obtain the exclusive naming right of TSM, now TSM is called "TSM FTX".

Through this strategic partnership, TSM FTX to new plan, in the next five years to invest resources in video games sports and games, business expansion strategy including the game to the mobile game, through set up the branch in Asia, Europe, South America, etc to increase the TSM FTX influence, on the other hand, under the existing scale increase investment in the e-sports talent cultivation.

Not only that, TSM FTX will purchase USD 1 million of FTX platform currency FTT and distribute it to each contestant and employee.

"As soon as I saw Sam Bankman-Fried, I knew we had to work together," says TSM founder and CEO Andy Dinh.

"TSM FTX is not only a great fit as a brand, but SBF is also a very innovative CEO, young and ambitious, the best of its time. SBF always makes smart decisions, thanks to his good team. He has proven that he can build a multi-billion dollar crypto empire. In addition, FTX also uses some of its profits to give back to society and exert the impact that a company should have.

This partnership is critical to TSM's future, and it is equally important for me to work with visionary leaders. Just as the love of games binds players together across age, ocean, and language barriers. Sam's company connects the world with the value of cryptocurrencies, and I am extremely proud that he has chosen to partner with TSM."

SBF, founder of FTX and FTX.us, commented:

"We are happy to work with TSM. TSM team either within the game or reality field performance is very excellent, of course, to establish their own position in the field of e-sports game. Work with them to let us leave deep impression, including the innovation ability, communication ability, motivation, and only a few teams can see these traits.

We believe that working with TSM will allow cryptocurrencies to be more widely accepted in the traditional sector, and our partnership will make us both stronger. We are equally proud to work with them to give back to the world."

TSM FTX

TSM is the world's most valuable esports organization. As the champion platform, TSM FTX strives to create exciting and educational entertainment content through the excellent competitiveness of the team, providing the ultimate e-sports game experience and creating its own maximum value.

FTX

FTX.com is a cryptocurrency trading platform built by and for traders. FTX offers innovative products, including industry-first crypto derivatives, volatility products, leveraged tokens, and forecasting contracts, and strives to provide a strong enough platform for professional traders. In less than 2 years, FTX.com has become one of the most innovative and popular cryptocurrency trading platforms. In addition, FTX has always had a charitable giving mission, which led to the establishment of the FTX Foundation, which donates 1% of all FTX.com net expenses to the most effective charities in the world.

FTX.US

FTX.us is a US-regulated cryptocurrency trading platform. Our mission is to enable FTX.US to grow the cryptocurrency ecosystem and provide a great trading platform for US traders, and we expect FTX.US to be the market leading US cryptocurrency trading platform within the next two years.

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