Magnus Carlsen wins first-ever online chess tournament NFT trophy

Norwegian Chess Grandmaster Magnus Carlsen received the Non-Fungible Token (NFT) trophy on 5 October for winning the online international chess tournament. Chess Champions Tournament 2021 was a 10-month tournament, played for 90 days from 22 November.

Its main objective has been to find the strongest online rapid players in the world. Meltwater is a media and social analytics company based in California. Which was chosen as the Title Partner of the Chess Champions Tour 2021, after which the tournament was named Meltwater Champions Chess Tour (MCCT).

The Chess Tournament created two identical versions of the NFT trophy on the Ethereum blockchain. Carlsen digitally signed on to the NFT after winning the tournament. Auctioned the second NFT trophy to a chess fan for 6.88 Ether (ETH), or $24,700. Carlsen enthusiastically shared the trophy with one of his ardent fans, saying that he would like to meet them and play chess during next season’s championship. Carlsen told Cointelegraph that he sincerely expects such online chess competitions to grow and develop in the future.

Carlsen said the NFT has given the chess community an opportunity to celebrate key moments and reward those who have dedicated themselves to moving the game forward. According to the Champs Chess Tour website, the tournament has garnered over 100 million views and is the most-watched chess event of all time.

He happily said that despite the many challenges of the opponents, winning the competition in your own way means a lot. The tournament was attended by top players from around the world with prize money of $1.6 million. Azerbaijani Grandmaster Timur Rajabov finished second and Armenian Chess Grandmaster Levon Aronia finished third.

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