Key Points:
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.
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
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
Over the years, meme coins have evolved from inside jokes into serious investment opportunities.
Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
This website uses cookies.