The FTX Collapse Explained

One of the biggest sponsors in esports is collapsing as we speak. FTX, a cryptocurrency exchange, sponsored Team SoloMid in a record-breaking $210-million deal. But that seven-year agreement barely made it to year two. The timing is bad – esports hasn’t exactly been bulletproof this past year, and cryptocurrency as a whole is swinging downward. So today we’re taking a look at what the FTX collapse means for esports – and where things might go from here. Written & Hosted by: Josh Bury (@ThrownGauntlet) Edited by: Jason Durante Thumbnail by: William O'Keefe (@magoo_o) Produced by: Danny Burke (@lurkeyburke) & Keith Capstick (@KeithCapstick) Music used under license from Associated Production Music LLC (”APM”). Skip to esports Chapter: 07:44 All footage courtesy of: https://pastebin.com/WXDyRGKG Follow us on Twitch: http://www.twitch.tv/thescoreesports Follow us on Twitter: http://twitter.com/thescoreesports Follow us on Facebook: https://www.facebook.com/theScoreesports Follow us on TikTok: http://www.tiktok.com/@thescoreesports Follow us on Instagram: https://instagram.com/theScoreesports