• Latest
crypto chess

Chess grandmaster Magnus Carlsen awarded NFT trophy after tournament win

Oktober 11, 2021
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ethereum

Chess grandmaster Magnus Carlsen awarded NFT trophy after tournament win

coinnewsdaily by coinnewsdaily
Oktober 11, 2021
in Ethereum, NFT
0
crypto chess
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
crypto chess

It is the first time in chess history that a nonfungible token (NFT) trophy has been handed to a grandmaster for winning an international chess tournament, the Meltwater Champions Chess Tour (MCCT). The tournament produced a number of NFT trophies and memorabilia, which will be kept on display permanently to commemorate the game’s most memorable moments.

As part of his appreciation for the bitcoin ecosystem’s support of virtual chess competitions, Carlsen expressed his gratitude to the audience. According to the world chess champion, MCCT’s new cooperation with the FTX crypto exchange provided an opportunity for professional chess players to fight for a prize pool of 2.1825 Bitcoin (BTC) ($81,079).

Related articles

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023

„National chess tournaments (NFTs) allow the chess community celebrate exceptional moments and, in some cases, reward individuals who have previously committed a considerable deal of time in advancing the game. Carlsen stated, „With Chess Champs, this is just the beginning, and I am looking forward to watching how it progresses.“

In order to commemorate the winner of the competition, Chess Champs issued two identical editions of the Champion’s Trophy NFT on the Ethereum blockchain, which were digitally signed by Carlsen when he took home the trophy. The second NFT trophy was auctioned off for 6.88 Ether (ETH), which equaled to $24,700 at the time of the auction’s conclusion. According to a source, the bidding for the NFT award increased after the deadline to 11 Ether ($27,093). Carlsen said:

“It feels great to share the trophy with a passionate fan. It will be interesting to play a match with him and meeting him during the next season’s Champions Chess Tour Final.”

On the blockchain, there are also NFTs dedicated to certain chess pieces (such as a pawn and a bishop) that are considered collectibles.

As the non-traditional sports (NFT) boom continues to bridge the gap between sports and digital entertainment, non-traditional sports (NFT) marketplaces provide new opportunities for innovation.

Sorare, a marketplace for NFT trading cards, has been valued at $4.3 billion after obtaining $680 million in Series B funding spearheaded by Japanese financial behemoth SoftBank. Sorare is headquartered in Tokyo. The company intends to utilize the funds to „substantially accelerate the development of women’s sports.“

Furthermore, Sorare has secured partnerships with the La Liga soccer league and expects to bring on top-tier soccer clubs as it expands its NFT-based portfolio offers to other fantasy sports as part of its strategy to diversify its NFT-based portfolio products.

Tags: BitcoinBlockchainCryptoCryptocurrencydeadlineETHEtherEthereumFTXNFTNFTssoccerTokenTrading
Share76Tweet47
Previous Post

Fungible Fan tokens: Day trading your favorite sports team

Next Post

Crypto Weekly Roundup; ADA To Break Out From Stagnation As CEO Charles Hoskinsons Gets Ready To Tour Africa

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
NFT

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case
NFT

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine
NFT

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine
NFT

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg
NFT

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine
NFT

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Load More
Next Post
crypto weekly roundup; ada to break out from stagnation as ceo charles hoskinsons gets ready to tour africa

Crypto Weekly Roundup; ADA To Break Out From Stagnation As CEO Charles Hoskinsons Gets Ready To Tour Africa

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev