Chess grandmaster Magnus Carlsen awarded NFT trophy after event win
For the primary time in chess historical past, grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for profitable a world chess event, Meltwater Champions Chess Tour (MCCT). The event minted various NFT trophies and collectibles to indefinitely protect the sport’s most defining moments.
Speaking to Cointelegraph, Carlsen shared his appreciation of the cryptocurrency ecosystem for supporting digital chess tournaments. The chess champion cited MCCT’s current partnership with FTX crypto exchange that allowed skilled chess gamers to compete for a prize fund of two.1825 Bitcoin (BTC) ($81,079).
“NFTs help the chess community celebrate great moments and possibly also reward those that have already invested so much time in growing the game. With Chess Champs, this is just getting started and I look forward to seeing it evolve,” Carlsen mentioned.
Chess Champs minted two similar editions of the Champion’s Trophy NFT on the Ethereum blockchain, which have been digitally signed by Carlsen after profitable the event. The second NFT trophy was auctioned off at 6.88 ETH, roughly $24,700 on the time of buy. According to a supply, the bidding for the NFT trophy went as much as 11 Ether (ETH) ($27,093) after the deadline. Carsen mentioned:
“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.”
Collectibles additionally embody NFTs devoted to varied chess items (reminiscent of pawn and bishop) on the blockchain.
Related: Valued at $4.3B, NFT platform Sorare to spend money on ladies’s sports activities
As the NFT increase continues to bridge the hole between sports activities and digital leisure, NFT marketplaces supply new floor for innovation.
Sorare, a market for NFT buying and selling playing cards, attained a $4.3 billion valuation after elevating $680 million in Series B funding led by Japanese fintech big SoftBank. As Cointelegraph reported, the corporate plans to make use of this funding to “significantly accelerate the development of women’s sports.”
Moreover, Sorare has additionally secured partnerships with La Liga soccer league and plans to onboard top-tier soccer groups because it diversifies its NFT-based portfolio choices to different fantasy sports activities.