Fun

International Chess Federation Will Launch the Sport’s Global NFT Marketplace on FreeTON

News Feed - 2021-11-09 11:11:30

International Chess Federation Will Launch the Sport’s Global NFT Marketplace on FreeTON sponsored


FIDE, the International Chess Federation, has become the first global sports federation to launch its own NFT marketplace. It announced a partnership with core developers of FreeTON, TON Labs, to launch ChessNFT.com– a new chess non-fungible token (NFT) ecosystem.


Full marketplace functionality is scheduled for later this month, to coincide with the upcoming World Championship in Dubai. ChessNFT hopes to welcome a new demographic to the world of blockchain, attracting both players and fans of chess alike.



Users will be able to bid on and purchase chess-related NFTs featuring iconic match moments, unique collectibles, chess related art, and much more. The platform’s interface will accommodate the use of both fiat and cryptocurrencies.


Most interestingly, these NFTs will be in the new TrueNFT format on the Everscale Network. Everscale is the new name for the recently rebranded FreeTON network. TrueNFTs bring a number of benefits over existing formats, although the headline feature must surely be the storage of the actual media files on the blockchain itself.


FIDE’s decision to partner with the Everscale Network is a great coup for the blockchain, and recognises its potential to process global transactions on a massive scale. This is made possible through the network’s multi-threading features enabling several workchains which dynamically scale to meet user demand.


This isn’t chess’s first dalliance with the world of NFTs, as last month Magnus Carlsen won an NFT trophyin the Meltwater Champions Chess Tour. A replica trophy was also auctioned off, with the winner also getting the chance to play with Carlsen.



 


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Polygon Deploys Fiat on-Ramps via Alchemy Pay, Enabling Direct Fiat Payments for DeFi SPONSORED | 1 hour ago Binance CEO: Avoiding Cryptocurrency Scams, Squid Game Token and Other Defi Risks SPONSORED | 1 day ago Tags in this story Everscale, FreeTON)


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer

News Feed

Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars
Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars Authorities in Indonesia do not intend to follow China’s example of imposing an outri
OKX exchange exiting Nigeria due to regulatory concerns
Vince Quill2 hours agoOKX exchange exiting Nigeria due to regulatory concernsThough the announcement came as a surprise to many users, OKX has been winding down features in the Nigerian market for months.644 Total viewsL
Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices
Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices Institutional investors are optimistic about the U.S. Securities and Exchange Commission (SEC
Arijit Sarkar10 hours agoUS House FSC to discuss illicit activity in crypto at upcoming hearingDiscussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming Ho
Gareth Jenkinson11 hours agoCoinEx to resume service with new wallet system following $70M hackCoinEx has rebuilt its wallet system following a $70 million hack and is set to resume deposits and withdrawals for select cr
Nitin Kumar20 hours agoWeb3’s revolution: Why the digital wallet is the new marketing goldThe cookie-less internet presents an opportunity, not a risk. It has the ability to redefine and strengthen the connection and t
Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction
Plan B Says Bitcoin Price Still "on Track Towards $100K" Despite Missing November"s Price Prediction This month, the price of bitcoin sank below the $60K zone this month after reac
Zhiyuan Sun4 hours agoBitstamp to suspend trading of major altcoins for US usersAll the soon-to-be-suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance.1735 Total views34 T
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany Banks in Germany are reportedly turning customer deposits away due to the negative in
Ezra Reguerra10 hours agoVitalik Buterin shares account abstraction challenges in Ethereum: EthCCVitalik Buterin explained how an account abstraction extension called “paymasters” can allow users to pay for gas fees
Biggest Movers: DOGE Down 10%, XRP Extends Declines
Biggest Movers: DOGE Down 10%, XRP Extends Declines Dogecoin was down by as much as 10% to start the week, as the token retreated from Sunday’s high. The meme coin raced to
Ethereum-based investment products see negative outflows for 4th consecutive week
Zoltan Vardai10 hours agoEthereum-based investment products see negative outflows for 4th consecutive weekEthereum-based crypto investment products flows declined for the fourth consecutive week despite positive flows in