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Chess grandmaster Magnus Carlsen awarded NFT trophy after tournament win


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559698bc836be4174c42841b3c473303Cryptocurrency33 minutes ago (Oct 11, 2021 06:00AM ET)



For the first time in chess history, grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for winning an international chess tournament, Meltwater Champions Chess Tour (MCCT). The tournament minted a number of NFT trophies and collectibles to indefinitely preserve the game’s most defining moments.

Speaking to Cointelegraph, Carlsen shared his appreciation of the cryptocurrency ecosystem for supporting virtual chess tournaments. The chess champion cited MCCT’s recent partnership with FTX crypto exchange that allowed professional chess players to compete for a prize fund of 2.1825 (BTC) ($81,079).

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