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- Magnus Carlsen won the very first bitcoin chess title the year before
- FTX offered $100,000 worth of BTC as a prize
- Top crypto organizations are blending with proficient competitors and clubs with expanding recurrence
Chess grandmasters have never been more joyful. In a new chess competition, prizes included crypto and a NFT prize. This is only one illustration of how crypto organizations are currently beginning to support immense games.
The Meltwater Champions Chess Tour occurred more than 9 days last May. FTX subordinates’ digital currency trade supported an occasion on the visit – the FTX Crypto Cup. It was the primary digital currency prize presented for the game.
Play Magnus Group coordinated the visit. Competitors competing for the FTX Crypto Cup battled for $100,000 in BTC and a $320,000 monetary reward. Norwegian Magnus Carlsen has been the dominant world chess champion starting around 2013. He possesses 9% of the Play Magnus Group.
As a major avid supporter and NBA lover, I was excited to discover that FTX is proceeding with its move into sports by banding together with the Champions Chess Tour,” said Carlsen before the occasion.
This chess title was unique
The Tour has been incredibly energizing both as a contender and a fan. I feel a recharged feeling of inspiration since they’ve tracked down an accomplice in FTX that shares our shared objective to develop chess and the Tour.
Andreas Thome, CEO of Play Magnus Group said it was a pivotal turning point. They, alongside numerous chess players all over the planet, have been after digital forms of money for a long time.
The competition began with 16 chess fantastic experts playing on the web on the Chess24 ‘Playzone.’ Furthermore, eight thousand bosses were equipped for the knockout stage. Magnus Carlsen beat Teimour Rajabov and Wesley So, crushing Ian Nepomniachtchi to get to the finals.
Nepomniachtchi won third spot by beating Rajabov and got $25,000 in addition to 0.25 BTC from FTX. The last game, in any case, had considerably more conflict and dramatization with five games among Carlsen thus.
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Chess and crypto
At last, Carlsen ruled the game by beating So in the fifth match. He got $60,000 and 0.6 BTC from the competition. The 31-year-old Norwegian got a spot for the last of Meltwater Champions Chess Tour in Oct 2021. He vanquished this as well, and won another $100,000 with a non-fungible token (NFT) prize.
One of the noteworthy world chess champions, Garry Kasparov, crushed the IBM supercomputer called Dark Blue in 1996. Yet, the PC delivered retribution in 1997 which changed the actual innovation for Kasparov.
The 58-year-old Russian chess fantasy expert shared his opinion about Bitcoin in a selective meeting with BeInCrypto back in Nov 2019. He said that we shouldn’t fear Bitcoin since it works utilizing math. Administrative bedlam is the thing to be dreaded.
The quickly developing number of crypto clients made Kasparov inspired by advanced money. As indicated by Kasparov, we ought to investigate the undiscovered force of innovation as opposed to battling against it.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
