Chess Tournaments, Tech Giants And $100,000 In Bitcoin
What can a sixth century game teach us about 21st century money? A lot, apparently.On May 29, the world’s top 16 chess players competed in the FTX Crypto Cup. Hundreds of thousands of fans tuned in to Chess24.com, Twitch, YouTube and the Champions Chess Tour website to watch their favorite players duke it out in the nine-day event. But unlike prior tournaments of this scale, where the prize pool is almost always denominated and paid in U.S. dollars, the FTX Crypto Cup was different. Thanks to cryptocurrency derivatives exchange FTX and its CEO, Sam Bankman-Fried, the tournament’s $220,000....
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Following the competition, a replica of Carlsen's NFT trophy was auctioned off to a fan for 6.88 ETH. For the first time in chess history, grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for winning an international chess tournament, Meltwater Champions Chess Tour (MCCT). The tournament minted a number of NFT trophies and collectibles to indefinitely preserve the game’s most defining moments. Speaking to Cointelegraph, Carlsen shared his appreciation of the cryptocurrency ecosystem for supporting virtual chess tournaments. The chess champion cited MCCT’s recent....
Chess.com, one of the most popular chess internet sites, has announced it will host a contest called “Cryptochamps,” a crypto-themed chess tournament. The event, which will be sponsored by Coinbase, will feature several important cryptocurrency personalities and will offer prizes that will be donated to charity next month. Crypto Meets Chess at Cryptochamps Chess.com, the largest chess-playing site on the internet, just announced it will host a new cryptocurrency-themed tournament called Cryptochamps. Powered by Coinbase, the online event will pit important crypto influencers....
On Monday, cryptocurrency exchange FTX announced its latest partnership with chess company Play Magnus Group — a Norway-listed chess company founded by Grandmaster and world chess champion Magnus Carlsen. According to the deal, FTX will become the official partner of the Meltwater Champions Chess Tour. Featuring top 10 players from around the world, the sixth […]
Ten finalists including Magnus Carlsen and Wesley So will compete for the Champion’s Trophy NFT, while a replica will be made available for auction. An international chess tournament, Meltwater Champions Chess Tour (MCCT), has announced to mint nonfungible token (NFT) trophies and collectibles for preserving the game‘s most defining moments for infinity. The winner of the MCCT will be awarded an NFT trophy, marking the mainstream crypto involvement from the international chess community. The tournament’s finals will see participation from grandmaster Magnus Carlsen and other nine....
FIDE, the International Chess Federation, has become the first global sports federation to launch its own NFT marketplace. It announced a partnership with core developers of FreeTON, TON Labs, to launch ChessNFT.com – a new chess non-fungible token (NFT) ecosystem. Full marketplace functionality is scheduled for later this month, to coincide with the upcoming World Championship in Dubai. ChessNFT hopes to welcome a new demographic to the world of blockchain, attracting both players and fans of chess alike. Users will be able to bid on and purchase chess-related NFTs featuring....