A global chess event, Meltwater Champions Chess Tour (MCCT), has announced it is going to mint nonfungible token (NFT) trophies and collectibles to preserve the sport‘s most defining moments forever.
The winner of the MCCT will be awarded an NFT trophy, marking mainstream crypto involvement from the worldwide chess neighborhood. The event’s finals will see participation from grandmaster Magnus Carlsen and 9 different skilled chess gamers, together with Wesley So.
Based on an official assertion, Chess Champs will mint two editions of the Champion’s Trophy NFT, permitting followers to acquire a reproduction of the trophy by a web-based public sale. Furthermore, the corporate may also launch a collection of NFT collectibles attributed to “the strikes, the moments and the gamers” on the chess tour.
Carlsen’s curiosity in crypto may be traced again to a current chess event hosted by crypto change FTX, the place the world champion won 0.6 Bitcoin (BTC) together with a $60,000 money prize.
Along with awards, the chess neighborhood is exploring blockchain use instances to stop dishonest in on-line tournaments amid COVID-19 restrictions. Working parallel to the postponement of the 2020 Chess Candidates Event in Ekaterinburg, Russia, World Chess has beforehand explored the possibility of moving matches online through blockchain expertise.
Associated: Sports-themed NFTs spark gold rush as projects raise $930M in a week
As Cointelegraph reported in September, tokenized sport collectibles tasks collectively raised nearly $1 billion in funding in only one week.
Dapper Labs, a agency providing tokenized basketball collectibles through NBA Top Shot, introduced a $250 million funding spherical along with revealing 30x development in 2021.
Following go well with, Sorare, an NFT trading card marketplace, raised $680 million in funding led by Japanese fintech large SoftBank. With a revised valuation of $4.three billion, Sorare plans to increase its portfolio of soccer participant NFTs by rising partnerships with soccer leagues and associations.
