Chess Grandmaster Magnus Carlsen Awarded NFT Trophy for Winning International Chess Tournament

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Chess grandmaster Magnus Carlsen has received a great deal of tournaments all through his profession and is now the primary to be awarded an NFT (non-fungible token) trophy for profitable a world chess match. The match organisers at Meltwater Champions Chess Tour (MCCT) needed to take an modern path to commemorate the sport’s/ match’s most defining moments and determined to incorporate NFT trophies and collectibles (resembling chess items like a pawn and a queen) within the award pool for chess followers.

The approach this was executed by the organisers was that there have been two similar editions of the Champion’s Trophy NFT digitally signed by Carlsen after profitable the match. While Carlsen saved the primary trophy, the second was auctioned off for 6.88 ETH, which interprets to about $24,700 or roughly Rs. 18,64,088 on the time of buy.

Carlsen told the tournament organisers that he appreciates crypto corporations for supporting digital chess tournaments, citing the current partnership between MCCT and FTX crypto change that allowed competing chess gamers an opportunity to win 2.1825 BTC (roughly Rs. 94,35,743).

It’s additionally price noting that bidding for the NFT trophy reportedly crept as much as 11 ETH or $27,093 (roughly Rs. 20,44,397) as soon as the deadline had handed.

Chess governing our bodies, along with incorporating NFTs as awards, are additionally exploring methods to utilise blockchain expertise as an ‘anti-cheating instrument’ in on-line chess tournaments.

Carlsen, in the meantime, on his personal, isn’t any stranger to the crypto world. The chess famous person launched his personal NFT assortment on the OpenSea NFT platform earlier this 12 months, which he named Bongcloud.artwork. The chess prodigy sells 69 distinctive video games, particularly that includes chess opening variations of the Bongcloud and the Greek openings.


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Source: gadgets.ndtv.com