Crypto Meets Chess in Coinbase Sponsored Cryptochamps Tournament – News Bitcoin News
Chess.com, probably the most fashionable chess web websites, has introduced it should host a contest referred to as “Cryptochamps,” a crypto-themed chess match. The occasion, which will likely be sponsored by Coinbase, will characteristic a number of necessary cryptocurrency personalities and can provide prizes that will likely be donated to charity subsequent month.
Crypto Meets Chess at Cryptochamps
Chess.com, the most important chess-playing web site on the web, simply announced it should host a brand new cryptocurrency-themed match referred to as Cryptochamps. Powered by Coinbase, the net occasion will pit necessary crypto influencers and different characters in opposition to one another beginning June 12. A number of the members of the match embody identified Bitcoin influencer Anthony “Pomp” Pompliano, founder and CEO Of Optimism Jing Wang, co-founder of Paradigm Matt Huang, Coinshares CSO Meltem Demirors, Civic CEO Vinny Lingham, and the crypto podcaster Peter McCormack.
The influencers will compete for a complete prize of $25,000 that will likely be donated in its entirety to a number of charities. First, gamers will face defining two brackets, with winners going to the winners’ bracket, and losers persevering with within the comfort bracket. Cryptochamps matches will likely be broadcasted dwell by chess.com on its Twitch channel. This match is a part of a themed collection of occasions that chess.com is making, being preceded by Pogchamps, one other themed occasion.
Cryptocurrency & Chess Are Trending
This isn’t the one cryptocurrency-related chess championship slated to occur within the close to future. FTX, the identified crypto derivatives alternate, is now an official companion of the Champions Chess Tour 2021, hosting one of many particular person occasions within the tour. Referred to as the FTX Crypto Cup, it should characteristic the participation of a number of main chess gamers on the earth, providing a prize of $320,000, of which $100,000 will likely be paid in cryptocurrency by FTX.
Coinbase and FTX are actually concerned with bringing cryptocurrency consciousness to different disciplines and sports activities, and chess is likely one of the most necessary disciplines on the market. FTX CEO Sam Bankman Fried acknowledged this, stating that each on-line chess and digital finance have been rising quickly, with its firm having an curiosity in fostering this relationship.
The corporate Chess.com has been into crypto property for fairly a while now. Bitcoin.com Information reported on Chess.com being satisfied by a Bitcoin Money supporter to simply accept the peer-to-peer cryptocurrency for memberships. At the moment in March 2019, Erik Allebest, the CEO of Chess.com, observed about 100 emails in his inbox and determined so as to add BCH assist.
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