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Digitization continues to reach one of the oldest games in the world as the International Chess Federation FIDE announces its plans for the NFT market. The group said the market, which begins in late November, will be called ChessNFT.
FIDE is the first global sports federation to create its own NFT ecosystem, and it did so in advance of the 2021 World Chess Championship. The event will take place at Expo 2020 in Dubai from November 24 to December 16.
- Chess captain Magnus Carlsen takes home the NFT Cup after winning the Meltwater Champions Tour International Chess Tournament
Last month, current world champion Magnus Carlsen won the NFT Cup on the Meltwater Chess Champions Tour. A replica of the trophy was sold to a fan for 6.88 ETH, and the winner also got a chance to play with Carlsen.
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