• The International Chess Federation is planning to launch its own NFT marketplace

  • The International Chess Federation (FIDE) today announced a partnership with TON labs to launch a new NFT marketplace dedicated to the sport of chess, just in time for the International Chess Federation World Championships this month in Dubai.

    ChessNFT.com will feature digital art and collectibles of iconic chess moments. Chess, one of the oldest still played games, has seen a resurgence in popularity since Netflix’s 2020 miniseries “The Queen’s Gambit” thrust it into the cultural spotlight.

    “FIDE has embarked on an exciting and ambitious digitalization journey to bring new experiences and opportunities to chess enthusiasts all over the world,” said FIDE President Arkady Dvorkovich in a press release. “We are thrilled to be taking one of the first steps toward becoming a comprehensive NFT marketplace, just in time for the world championship match in Dubai.”

    FIDE, which was founded in Paris in 1924, is made up of 195 national chess associations around the world. Meanwhile, TON is an offshoot of the defunct Telegram Open Network. Telegram, the popular messenger app behind the effort, came under SEC scrutiny in 2020 after the agency labeled its native GRAM token a security.

    In the FTX Crypto Cup, world chess champions compete for Bitcoin.

    Though TON never progressed beyond the testnet stage, TON Labs assisted in the launch of the Free TON blockchain in May 2020, which used open-source code from the original TON protocol.

    “By combining the classic and universally loved sport of chess with the world of blockchain and crypto, we have the potential to bring chess to the forefront of the minds of an entirely new cohort of fans worldwide,” said TON Labs co-founder and CEO Alexander Filatov.

    Filatov went on to say that through NFTs, TON Labs and FIDE are allowing the wider chess community to explore their passion in a unique, fully decentralized, digital capacity.

    This isn’t the first time chess and crypto have collided. In 2019, for example, FIDE collaborated with Algorand to open a pop-up museum dedicated to the history of blockchain in Hamburg, Germany. The same month, World Chess and Algorand announced a security token offering.

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