Chess grandmaster Magnus Carlsen strives for an indispensable trophy

An international chess tournament that Meltwater Champions Chess Tour (MCCT), announced the minting of trophies and non-dispensable collectibles to preserve the game’s most important moments forever.

The winner of the MCCT will receive a trophy in the form of a non-fungible token (NFT), which represents the largest participation of the international chess community in the field of cryptocurrencies. The grandmaster will take part in the final of the tournament Magnus Carlsen and nine other professional chess players, including Wesley So.

According to an official statement, Chess Champs will mint two NFTs of the Champion Trophy so fans can receive a replica of the trophy via an online auction. In addition, the company will release a number of NFT collectibles attributed to the “games, moments and players” of the chess circle.

Chess grandmaster Magnus Carlsen strives for an indispensable trophy
Chess grandmaster Magnus Carlsen strives for an indispensable trophy

Carlsen’s interest in cryptocurrencies stems from a recent chess tournament hosted by the FTX exchange in which the world champion won 0.6 Bitcoin (BTC). along with the $ 60,000 cash prize.

In addition to the awards, The chess community is exploring use cases of blockchain technology to avoid fraud in online tournaments amid COVID-19 restrictions. Parallel to the shift of the Chess Candidates Tournament 2020 in Yekaterinburg (Russia) has already researched World Chess the ability to broadcast games online through blockchain technology.

A Cointelegraph story published in mid-September shows that Tokenized Sports Collectibles projects combined raised nearly $ 1 billion in funding in one week.

Dapper Labs, the company that offers Tokenized basketball collectibles in your NBA top shot, announced a financing round $ 250 million in addition to a 30x growth in 2021.

Following the example, Sorare, a marketplace for NFT collectible cards, raised $ 680 million in funds led by Japanese financial technology giant SoftBank. With a revised valuation of $ 4.3 billion, Sorare plans to expand its NFT portfolio of players through increased partnerships with soccer leagues and teams.

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