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HomeCRYPTOCURRENCY NEWSMagnus Carlsen Receives NFT Trophy for Profitable Chess Event

Magnus Carlsen Receives NFT Trophy for Profitable Chess Event

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 global chess event. The event organisers at Meltwater Champions Chess Tour (MCCT) needed to take an modern path to commemorate the sport’s/ event’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 best way 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 event. Whereas Carlsen saved the primary trophy, the second was auctioned off for six.88 ETH, which interprets to about $24,700 or roughly Rs. 18,64,088 on the time of buy.

Carlsen advised the event organisers that he appreciates crypto corporations for supporting digital chess tournaments, citing the latest 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 is also 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 know-how as an ‘anti-cheating device’ in on-line chess tournaments.

Carlsen, in the meantime, on his personal, isn’t any stranger to the crypto world. The chess celebrity 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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