tsm

tsm

Esports team owner Team SoloMid (TSM) announced Wednesday that it suspended its partnership with embattled cryptocurrency exchange FTX. The $210 million naming rights agreement was set last July. It was the biggest in esports history.

In a statement to dot.LA, TSM spokesperson Gillian Sheldon said, “TSM is suspending our partnership with FTX effective immediately. This means that FTX branding will no longer appear on any of our org, team and player social media profiles, and will also be removed from our player jerseys.”

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Credit: Glytch

An undisclosed location along 405 Freeway could soon be home to one of the biggest experiments in esports’ evolution: A hulking, postmodern 3,000-person arena packed with professional-grade gaming tech that could serve as a meeting place for fans of all ages.

And if Irvine-based Glytch has its way, the stadium would be the first of many.

The company is poised to build 32 esports arenas across the nation in the next decade, betting big on a vision of competitive video game playing that follows the model of more traditional sports, where in-person action and ticketing income is key.

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TSM FTX

Esports team owner TeamSoloMid (TSM) released the findings of two separate investigations into its leadership today—with one clearing founder and CEO Andy Dinh of allegations of workplace harassment and another confirming that former “League of Legends” coach Peter Zhang had embezzled hundreds of thousands of dollars.

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