Another plus when it comes to TSM and FTX’s new deal is TSM going ahead and purchasing $1 million in FTT, which happens to be FTX’s native cryptocurrency token.įounder and CEO of TSM Andy Dinh explained his excitement over this new deal in a lengthy press release statement: "When I met Sam Bankman-Fried, I immediately knew we had to work together. With that shift to a new moniker and a massive influx of income, TSM FTX now has the funds needed to further its expansion efforts and dish out cryptocurrency to its players and organizational employees. That surprising bit of news has now resulted in a name change for TSM - now you can all say hello to TSM FTX. The esports organization announced a $210 million, multi-year partnership with FTX that has resulted in the cryptocurrency exchange company securing exclusive naming rights for TSM. Last Friday (June 4), TSM let the world know of a blockbuster deal that may just increase their global scale and notoriety in the coming years.
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