Avalanche revealed a collaboration with esports network Team SoloMid (TSM), the network has also partnered with the gaming app Blitz.
The parent company of TSM, Blitz, and Swift wants to use Avalanche to transform the gaming business and improve the gaming experience for players.
The latter just declared that Avalanche is now their sole blockchain partner, joining Blitz and TSM. It will concentrate on popularizing the first-person game offerings from web3.
TSM and Blitz will employ Core to drive user transactions and store digital assets as part of their payment strategy. Blitz, which will be based on the Avalanche blockchain platform and has over 30 million users, is intended to maximize a number of features that enhance user experience.
Ava Labs’ President, John Wu, stated:
“Avalanche’s fully customizable subnets were created to help organizations like TSM push the boundaries of what is possible for gaming with sub-second transaction speed, scalability, and security for millions of users.”
Moreover, events with Avalanche branding will be held at TSM. Users will be able to sharpen and enhance their abilities while earning rewards for playing in the Blitz Arena.
Blitz and TSM will also use $AVAX to power their Subnet innovation. $AVAX will be used as gas fees in every user transaction. Avalanche confirmed this through a post on Twitter.
The breakdown of FTX has also impacted web3 development, making it more difficult for people to embrace. A $210 million naming rights adoption agreement between TSM and FTX was suspended and revoked last year.
The current decline in FTX by Avalanche is not unexpected given the numerous lawsuits that the former blockchain company is facing. However, Swift aims to turn the Blitz collaborative Avalanche Subnet to an Elastic Subnet allowing users to be validators. They will be able to use the proof-of-stake (PoS) validation process to stake cryptocurrency tokens and gain rewards.
