FTX Crypto Chess Cup 2021 is going to start today. The Meltwater Champions Chess Tour delivers a world first for its next event – an elite-level bitcoin chess tournament. The star-studded FTX Crypto Cup offers a record prize pot for an online tournament of $320,000.
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A cool $100,000 of that is a bonus paid in crypto by new sponsor FTX. Fans will be able to track the prize pot’s value in real-time throughout the broadcast to see how it fluctuates.
The FTX Crypto Cup runs from May 23 to May 31 and is broadcast on TV2, Eurosport, and online streaming platforms Twitch and YouTube across multiple platforms. Chessdom.com will provide extensive coverage of the FTX Crypto 2021.
The tournament is the final Major in this season’s $1.5 million Meltwater Champions Chess Tour, the richest and most prestigious online chess event in history.
World Champion Magnus Carlsen will take centre stage as the current Tour leader. But he will face stiff competition in a field of 16 star names, which include all the world’s top 10.
There will be a welcome return for world number 2 Fabiano Caruana, who is playing in his first Tour event this season.
However, all eyes will be on Carlsen and his friend and rival Ian Nepomniachtchi. The World Chess Championship 2021 aka known as the Carlsen – Nepomniachtchi 2021 match will be held 24 November – 16 December in Dubai. But first they will have to battle it out in the FTX Crypto Chess Cup 2021.
FTX Crypto Chess Cup 2021 participants
Magnus Carlsen (Norway)
Fabiano Caruana (USA)
Ding Liren (China)
Ian Nepomniachtchi (Russia)
Levon Aronian (Armenia)
Anish Giri (Holland)
Alexander Grischuk (Russia),
Shakhriyar Mamedyarov (Azerbaijan)
Wesley So (USA)
Teimour Radjabov (Azerbaijan)
Maxime Vachier-Lagrave (France)
Alireza Firouzja (Iran)
Hikaru Nakamura (USA)
Peter Svidler (Russia)
Alan Pichot (Argentina)
The organizers dub the FTX Crypto Cup 2021 as the “World’s FIRST bitcoin chess tournament is next on the Tour”. Andreas Thome, CEO of Play Magnus Group, added: “We are thrilled to announce that FTX is partnering with the Tour to bring the communities of chess fans and crypto enthusiasts together in celebration of these two fast growing industries.
“We look forward to bringing first-of-its-kind crypto-themed activations for chess and sports to our Meltwater Champions Chess Tour and broadcasts.
“For Play Magnus Group, this is a big moment as we, along with many chess players around the world, have been following cryptocurrencies for many years and are passionate about celebrating this fast-growing industry in its very own tournament, the upcoming FTX Crypto Cup.”
FTX will become the Official Cryptocurrency Exchange Partner of the Meltwater Champions Chess Tour, as well as a presenting partner of Play Magnus Group’s coverage of the upcoming World Chess Championship in November 2021.
CEO and Founder of FTX, Sam Bankman-Fried said: “Both online chess and digital finance are growing rapidly.
“Play Magnus Group has pushed the boundaries of chess and established itself as the leading professional circuit; we are thrilled to be part of this journey.”
The winner of the FTX Crypto Cup will be guaranteed a spot in the Final of the Tour in San Francisco in September.
The FTX Crypto Cup runs from May 23 to May 31 and is broadcast on TV2, Eurosport, and online streaming platforms Twitch and YouTube across multiple platforms.