The International Chess Federation (FIDE), the sport’s governing body, announced on 23rd Dec that it is partnering with the Avalanche blockchain to bring its competitions into Web3.
According to a press release, the partnership would “enhance game integrity” and “operational efficiency for players and federations” by posting tournament data and player rankings on-chain and hosting tournament prize pools through AVAX.
The gradual adoption of digital mediums by the chess community and FIDE’s Web3 integrations go hand in hand. According to the federation, more than 25 million online chess games are played daily by more than 100 million regular players.
Additionally, the partnership between FIDE and AVAX is not the first time chess and crypto have been combined. Earlier this month, chess icon Garry Kasparov released his first collection of NFTs, and play-to-earn chess games like MetaChess had been well-liked for most of the previous year.
(Reporting by Roshani Shingare)
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