According to the official Twitter, Avalanche announced a partnership with e-sports giant TSM. Avalanche will serve as TSM's exclusive blockchain partner, and TSM's competitive gaming platform Blitz will be built on the Avalanche Subnet.
TSM will host Avalanche branded tournaments on the Blitz subnet to help gamers improve their skills through performance insights and learning tools, and allow players to compete for prizes in the BlitzArena. The Blitz subnet will use AVAX to pay for gas fees. In the future, the Blitz subnet intends to evolve into an elastic subnet to enable greater community participation by allowing users to verify the subnet.
Earlier on November 17, it was reported that e-sports giant TSM terminated its $210 million sponsorship agreement with FTX.