- FIDE, the International Chess Federation has partnered with TON Labs to launch ChessNFT.com.
- Thus making FIDE the first-ever global sports federation to launch its own NFT marketplace.
- Marketplace will be launched on the Free TON Network ahead of the upcoming FIDE World Championship in Dubai which is due this November.
FIDE, the International Chess Federation, has announced its partnership with TON Labs to launch ChessNFT.com – a new, holistic chess non-fungible token (NFT) marketplace. With this launch, FIDE will be established as the first-ever global sports federation to launch its own NFT marketplace.
In the statement, Fide informed that the Marketplace will be launched on the Free TON Network ahead of the upcoming FIDE World Championship in Dubai which is due this November.
As the official statements pronounced, the ChessNFT will hail a new crypto demographic by bringing their service to both chess players and fans through the digitalization and gamification of iconic match moments, chess-related art, unique collectables, and many more exciting opportunities.
The platform’s interface will also hold the bid on and purchase of chess NFTs that live on-chain through the use of fiat as well as cryptocurrencies.
Arkady Dvorkovich, President of FIDE, commented, “FIDE has started an exciting and ambitious journey of digitalization to bring new experiences and opportunities to the chess enthusiasts around the world.”
TON Labs was founded in May 2018 and is a global joint of experts in decentralized application development. In addition to this, TON Labs is also the core developer of the Free TON network which is a decentralized, community-driven blockchain. TON Network was also the offshoot of blockchain built by Telegram.
TON Labs also developed TON OS.TON OS is a technology stack that accelerates blockchain development and lives on the community-driven Free TON blockchain. TON Operating System (OS) also enables true end-to-end decentralization. As the major developer of Free TON, TON Labs optimizes the development of applications easily accessible to global communities and enterprises.
In recent times, the game of Chess has had its own instances of affairs with NFTs .In October, Meltwater Champions Chess Tour(MCCT) announced plans to mint NFT trophies and collectibles for safeguarding the game’s most pivotal moments. The tour had roped in Chess Titans like Magnus Carlsen and Wesley So for the same.