TSM Terminated $210 Million Funded Agreement By FTX
Affected by the collapse of FTX, e-sports company TSM has decided to terminate the sponsorship contract of hundreds of millions of dollars with the exchange.
The major esports sponsorship deal between FTX and TSM has failed to continue, the gaming and entertainment platform announced.
In June 2021, these two giants came to a huge deal worth $210 million each year, FTX agreed to finance $21 million, and this contract was signed for 10 years. Under the contract, FTX is entitled to change the name of the e-sports team to TSM FTX.
That historic collapse has caused countless consequences that until now have not been able to measure all the damage. Many celebrities have also deleted their connection to FTX online. Visa also severed ties with the exchange after it collapsed.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Author
News
TSM Terminated $210 Million Funded Agreement By FTX
Affected by the collapse of FTX, e-sports company TSM has decided to terminate the sponsorship contract of hundreds of millions of dollars with the exchange.
The major esports sponsorship deal between FTX and TSM has failed to continue, the gaming and entertainment platform announced.
In June 2021, these two giants came to a huge deal worth $210 million each year, FTX agreed to finance $21 million, and this contract was signed for 10 years. Under the contract, FTX is entitled to change the name of the e-sports team to TSM FTX.
That historic collapse has caused countless consequences that until now have not been able to measure all the damage. Many celebrities have also deleted their connection to FTX online. Visa also severed ties with the exchange after it collapsed.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Other Posts
Related Posts
Latest
Swift, UBS, Chainlink Complete Pilot for Global Tokenized Fund Settlement Network
Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets
Press Release
Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets
Which 3 Altcoins Will Skyrocket the Most in the Next Big Bitcoin Rally?
