Chess nerds and krypton nerds gather! FTX Crypto Cup 2022 kicks off
Chess and crypto are becoming known bedfellows. They have fallen in love again for the upcoming FTX Crypto Cup 2022. It will be held in August in Miami, USA.
The first FTX Crypto Cup was up there with the most watched chess tournaments via online streaming platforms.
The outfit behind the tournament is Play Magnus Group, a global chess game organization, and FTX, a cryptocurrency exchange. Together they bring 8 of the world’s best chess players to Miami. The FTX Crypto Cup 2022 is expected to be the biggest event in the history of Meltwater Champions Chess Tours.
Sam Bankman-Fried is the CEO and founder of FTX. “Chess is a game open to anyone and everyone, much like blockchain technology, which provides financial opportunities for everyone from those on an institutional scale to those without a bank. It will be fascinating to see how players continue to innovate, as we always strive to do. on FTX, and push the game forward during the Crypto Cup in Miami. ”
In 2021, the event offered the largest prize fund in online chess history. The FTX Crypto Cup this year will have a $ 210K prize fund. This is in addition to $ 100K in Bitcoin, provided by FTX.
FTX will sponsor two events. In July, FTX Road to Miami starts July 10 and lasts until July 17th. 16 players will fight. Players who make it from this round will continue to the next match of the Tour – the FTX Crypto Cup. This will go from 15th to the 21stst of August.
Important chess players
Current world champion Magnus Carlsen is still the overall leader of the season. World number 2 Ding Liren and rising star Rameshbabu Praggnanandhaa have already qualified for the FTX Road to Miami. They finished 1st and 2nd in the May Chessable Masters tournament.
Andreas Thome is the CEO of Play Magnus Group. “The 2021 edition of the FTX Crypto Cup received the highest press coverage of the Tour at the time. It highlighted the natural intersection between the two passionate chess and crypto environments in an exciting tournament that led Magnus to win his first Tour event. It was a “The first of its kind integration for both chess and sports. We are thrilled that FTX has agreed to continue to expand its presence in chess by funding a physical event in Miami. This is unlike any other previously seen chess tournament.”
Celebrity appearances
Chess and crypto attract a lot of hype. In fact, the 2022 season of the Meltwater Champions Chess Tour will open with a star-studded ceremony. Part of this will be the Tour’s first celebrity cup. Present, celebrities will collaborate with Tour players in a “hand-and-brain showdown”.
Chess NFTs
This year, the FTX Crypto Cup will give away free NFT keys. They say: “An exclusive key will be offered for free to fans around the world. It will unlock unique fan experiences, including fantasy challenges, chess activities and giveaways, and $ 100,000 in rewards and prizes. This will be distributed throughout the summer and during the tournament.”
You can claim free NFT here by using an FTX wallet.
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