BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Chess Organization with 500 Million Global Followers Building on Avalanche

by Chiwuike Owunwa
Dec 24, 2022 - 12:00 am
in Blockchain
Chess Organization with 500 Million Global Followers Building on Avalanche.

On Friday, 23rd December 2022, Avalanche took to Twitter to announce that FIDE, the governing body of competitive international chess, is set to bring chess to Web3 using Avalanche.

1/ In 1924, @FIDE_Chess was formed to revolutionize the game of chess.

100 years later, FIDE is again innovating the game, and they’re doing it on #Avalanche.

With a global audience of over 500M, FIDE is building on Avalanche to bring chess to Web3. https://t.co/ArE253qssU pic.twitter.com/FTAoZyyKHV

— Avalanche 🔺 (@avax) December 23, 2022

In recent decades, chess has evolved way beyond Championship games contended physically by legendary grandmasters. The ancient board game has gone modern as over 100 Million people play online chess regularly, competing in over 25 Million digital chess matches daily.

FIDE is one of the largest sports federations in existence. It’s a non-governmental organization that’s recognized by the international Olympic committee as a global sporting organization. They are responsible for regulating international chess matches and competitions.

Boasting a global audience of over 500 Million players, it has made a move to further introduce innovation to the game. With plans to evolve chess even further, they are utilizing Avalanche to power on-chain products, providing features like historical game explorer, digital trophies, tournament data, and player rating management.

Some of the innovations the public is expected to be privy to include, the publishing of tournament data on-chain, calculating official player rating on-chain, the addition of personalized experiences on-chain, the release of FIDE game explorer powered by on-chain game data, and issuing tournament prize pools.

Featuring its subnet technology and Ultra-fast transaction speed, Avalanche is undoubtedly the fastest, most reliable, eco-friendly smart contract platform in the world that would enable Web3 developers to easily launch such a highly-scalable project.

Ava Labs would be working closely with FIDE to employ Blockchain technology in tackling challenges related to chess. This includes ensuring operational efficiencies for players during chess matches, improvement of the integrity of the game, and onboarding new sets of players.

Emil Sutovsky, CEO of FIDE, expresses the organization’s excitement regarding the coming project and partnership with Ava labs which she described as a major driving force behind on-chain technologies. She further stated that the cooperation between the two bodies will unify the chess community and strengthen ties between players, clubs, federations, and FIDE.

The partnership kicks off at the 2022 World Rapid and Blitz Championship, one of FIDE’s flagship events, to be held in Almaty, Kazakhstan, between December 25th and 30th.

With the popularity of chess, Crypto enthusiasts cannot wait to witness what the future holds for this partnership and its influence on the chess community at large.

Chess players all over the world are set to experience the Web3 space like never before.

Tags: AvalancheWeb3
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Hong Kong police introduce CryptoTrace blockchain tracking tool at cybersecurity summit

Hong Kong Police Unveil CryptoTrace Tool to Combat Rising Web3 Crime

May 15, 2025

Hong Kong’s police reveal CryptoTrace, a blockchain tool built with HKU to track illicit crypto flows and curb...

Court documents allege NFT founder stole funds from Bitcoin mining venture

NFT Founder Sued for Allegedly Stealing Millions from Bitcoin Mining Venture

May 15, 2025

NFT project founder allegedly stole millions from partners in a Bitcoin mining venture, sparking a fraud lawsuit in...

Nexpace's NXPC token displayed on a digital exchange interface after Binance Alpha listing announcement

Nexon’s Nexpace Token NXPC Secures Binance Alpha Listing Ahead of Web3 Launch

May 14, 2025

NXPC, Nexpace's utility token, lands Binance Alpha listing May 15, gaining support from top exchanges as Nexon expands...

Tether Gold XAUt token listed on Thai crypto exchange Maxbit backed by PTG Energy

Tether Gold Debuts in Thailand with Maxbit Exchange Listing

May 13, 2025

Tether Gold debuts in Thailand on Maxbit, enabling trading of tokenized gold backed by physical reserves under SEC-regulated...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise