We at EarntheCrypto have been following the success of SatoshiDICE for a while now, and have been eagerly awaiting the opportunity to partner with them for their first tournament. This is a historic tournament, and we are proud to be a part of it.
For the first time, the chess world has seen a major event designed to bring the world’s two favorite digital currency teams together in a public display of skill. Dubbed the “Crypto Cup”, the tournament is set to take place October 11th in a casino resort in Las Vegas, and will feature a prize pool of $100,000.
One of the world’s oldest and most popular games is chess. In the last decade, the popularity of chess online has exploded. In fact, there are now over 70 million people actively playing chess worldwide. The World Chess Federation (FIDE) is the governing body of chess worldwide, and it has been around for over 100 years. In 2014, FIDE started a new initiative to promote chess in different parts of the world. This initiative, called the World Chess Millionaires Club, has become one of the most successful ways to promote chess in the world.
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FTX, a cryptocurrency derivatives exchange, has announced a collaboration with Magnus Carlsen’s Chess Group to host an online chess tournament with prizes worth $100,000 in Bitcoin.
Top Chess Companies Collaborate with FTX
The Play Magnus Group, Norway’s leading chess business, has formed a collaboration with FTX cryptocurrency traders. In November 2023, FTX will donate $100,000 in bitcoin to the next World Chess Championship.
Magnus Carlsen’s company conducts the “First Crypto Cup” chess competition, and FTX, a major cryptocurrency exchange, enters a long-term partnership deal.
The Meltwater Champions Chess Tour has officially partnered with FTX. The world’s first bitcoin chess competition will begin on May 23rd. The star winner receives a record cash reward of $320,000 from FTX crypto. Along with a bonus of $100K BTC in bitcoin.
Furthermore, the new sponsor of the “FTX Crypto Cup” is cool with guaranteeing the victor a berth in the tournament’s final round in San Francisco in September, as well as a $220,00 prize pool.
Similarly, the “Miami Heat” basketball team chose FTX as their exclusive crypto exchange partner. As a result of the agreement, Miami’s native stadium became FTX ground.
The goal of such agreements, according to FTX CEO Sam Bankman Fried, is to prevent all non-crypto companies from using its crypto trading platforms. Banker Fried went on to remark,
“We’re thrilled to collaborate with the finest in a variety of fields and to reach out to our natural user base.”
As a result, the chess tournament piques the interest of both players and spectators. As a result, it will be a thrilling chess tournament.
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The World’s First Bitcoin Chess Tournament will be held on the 22nd December 2018. The event will be held in the heart of the City of London, in front of the Bank of England. The game is played with standard chess pieces, but on a black and white board, with players moving the chess pieces by the equivalent of chess pawns on the digital currency, Bitcoin.. Read more about ftx crypto cup 2023 and let us know what you think.