TSM signs $210 Million deal with Cryptocurrency exchange- FTX

According to a recent announcement on Twitter, TSM has officially signed a $210 Million deal with a Crypto exchange called FTX which will be paid to TSM over the course of next 10 years for naming rights and which I think will include different kinds of partnerships and collaborations especially if it’s that big of a price. They also released a promotional video along with announcement reacting a scene from the movie- The Wolf of the Wall Street.

We've just signed the largest deal in esports history #TSM pic.twitter.com/52sVDAE5zE
— TSM FTX (@TSM) June 3, 2021

They will be renaming all of the rosters across the board as TSM FTX. It may be biggest deal signed in the Esports industry till this date. It’s bit the first time where FTX signed such a huge deal, earlier this year they also signed $135 Million deal with Miami Heat and Miami Dade County,Fla which will be paid during the 19 years timespan.

Sam Bankman- Fried, CEO FTX stated: “Taking a huge industry and then reimagining it in a digital age: that’s sort of what esports are to sports, and it’s sort of what crypto is to investing and finance,” according to the Times.