The International Chess Federation Integrates With Avalanche on the Web3 Platform

• FIDE, the International Chess Federation, is partnering with the Avalanche blockchain to bring their competitions into Web3.
• This collaboration will allow for operational efficiencies for players, federations and game integrity, as well as AVAX-hosted tournament prize pools.
• This is not the first time chess has crossed paths with crypto, as chess legend Garry Kasparov launched his first collection of NFTs earlier this month.

The International Chess Federation (FIDE) has taken a major leap forward in utilizing the capabilities of Web3 and blockchain technology. On Friday, FIDE announced its partnership with the Avalanche blockchain, which will bring its competitions into a digital platform.

This collaboration with the Avalanche blockchain will provide a wide range of benefits to both players and federations. For players, this partnership will create operational efficiencies, such as publishing tournament data and player rankings on-chain. It will also introduce AVAX-hosted tournament prize pools, giving players the opportunity to earn rewards for their chess prowess.

FIDE is also introducing Core, a self-custody crypto wallet, as a featured sponsor for physical chess tournaments around the world, including the World Chess Championship and Chess Olympiad. This will help to unify the chess community and bring players, clubs, federations and FIDE closer together.

This is not the first time chess has crossed paths with crypto. Earlier this month, chess legend Garry Kasparov launched his first collection of NFTs. Play-to-earn chess games such as MetaChess have also been popular for much of the past year.

The partnership between FIDE and AVAX is a major step forward in the integration of Web3 and blockchain technology into the world of chess. FIDE’s move follows alongside the gradual embrace of digital mediums by the chess world, with more than 100 million people playing online chess regularly and competing in over 25 million virtual chess matches each day. The governing body of table tennis launched a similar Web3 campaign last August, further showcasing the potential of blockchain and Web3 in sports.

The benefits of this collaboration are clear. Not only will it create operational efficiencies and improve game integrity, but it will also provide players with the opportunity to earn rewards for their chess prowess. With FIDE’s move, the world of chess is now one step closer to entering the Web3 and blockchain world.