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Uncategorized

Avalanche Web3 Products Are Implemented On FIDE

December 25, 2022 - Around 2 mins mins to read

Key Points:

  • FIDE is developing Web3 products on Avalanche for over 500 million chess players globally.
  • Ava Labs will work closely with FIDE to use blockchain to tackle challenges in chess and create operational efficiencies for players and federations, improve game integrity, onboard new generations of players, and power innovation.
  • Fans watching online and in-person will see promotions for both Avalanche and Core, a free, self-custody wallet engineered for users to seamlessly and securely use Web3 dApps.
With the goal of bringing blockchain technology to the world of international professional chess, Ava Labs, a Web3 organization that manages the development and promotion of the Avalanche (AVAX) blockchain, secures a long-term relationship with FIDE.
Avalanche Web3 Products Are Implemented On FIDE

Avalanche and Core will be promoted as sponsors at FIDE competitions, such as the upcoming 2022 World Rapid and Blitz Championships, and they will contribute to FIDE’s product development to bring chess to Web3.

Over 500 million people play chess worldwide, and FIDE competitions like the World Chess Championship and Chess Olympiad draw hundreds of millions of viewers.

An official announcement claims that FIDE selected the blockchain as the technical foundation for its planned chess player on-chain applications. Transparent data processing, tamper-proof experience tracking, and other functions will be handled by avalanche-centric chess solutions.

Avalanche Web3 Products Are Implemented On FIDE

The World Chess Championship and the Chess Olympiad are just two of the major international competitions that FIDE oversees for 200 national chess associations throughout the world. FIDE places a high priority on the growth of online chess because 100 million of the world’s 500 million chess players compete online.

Emil Sutovsky, CEO of FIDE, said:

“We are excited to get into this project. Ava Labs is one of the leaders or rather driving forces behind on-chain technologies, while FIDE is constantly working on improving players’ engagement and experience. Chess is a unique sport, and this cooperation will allow us to unify our community and strengthen the ties between players, clubs, federations and FIDE.”

Beginning on December 25–30, 2022, Almaty, Kazakhstan, will host the World Rapid and Blitz Championship, one of FIDE’s premier competitions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Ava Labs

Avalanche

AVAX

Core Wallet

FIDE

Web3

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Uncategorized

Avalanche Web3 Products Are Implemented On FIDE

Key Points:

  • FIDE is developing Web3 products on Avalanche for over 500 million chess players globally.
  • Ava Labs will work closely with FIDE to use blockchain to tackle challenges in chess and create operational efficiencies for players and federations, improve game integrity, onboard new generations of players, and power innovation.
  • Fans watching online and in-person will see promotions for both Avalanche and Core, a free, self-custody wallet engineered for users to seamlessly and securely use Web3 dApps.
With the goal of bringing blockchain technology to the world of international professional chess, Ava Labs, a Web3 organization that manages the development and promotion of the Avalanche (AVAX) blockchain, secures a long-term relationship with FIDE.
Avalanche Web3 Products Are Implemented On FIDE

Avalanche and Core will be promoted as sponsors at FIDE competitions, such as the upcoming 2022 World Rapid and Blitz Championships, and they will contribute to FIDE’s product development to bring chess to Web3.

Over 500 million people play chess worldwide, and FIDE competitions like the World Chess Championship and Chess Olympiad draw hundreds of millions of viewers.

An official announcement claims that FIDE selected the blockchain as the technical foundation for its planned chess player on-chain applications. Transparent data processing, tamper-proof experience tracking, and other functions will be handled by avalanche-centric chess solutions.

Avalanche Web3 Products Are Implemented On FIDE

The World Chess Championship and the Chess Olympiad are just two of the major international competitions that FIDE oversees for 200 national chess associations throughout the world. FIDE places a high priority on the growth of online chess because 100 million of the world’s 500 million chess players compete online.

Emil Sutovsky, CEO of FIDE, said:

“We are excited to get into this project. Ava Labs is one of the leaders or rather driving forces behind on-chain technologies, while FIDE is constantly working on improving players’ engagement and experience. Chess is a unique sport, and this cooperation will allow us to unify our community and strengthen the ties between players, clubs, federations and FIDE.”

Beginning on December 25–30, 2022, Almaty, Kazakhstan, will host the World Rapid and Blitz Championship, one of FIDE’s premier competitions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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