Chess to make headway into Web 3.0 as FIDE partners with Avalanche

The International Chess Federation, commonly understood by its French acronym FIDE, has actually struck a partnership with Avalanche to present chess into the sphere of Web 3.0, Avalanche announced on Dec. 23. Founded in 1924, FIDE links 200 nationwide chess associations into one international federation and supervises the World Chess Championships.

According to the Federation, the ancient parlor game of Chess, coming from India, has progressed over the centuries and gone digital. Over 100 million people play chess online and compete in over 25 million digital chess matches daily. Presenting chess into Web 3.0 will mark the next stage of development in the video game, FIDE believes.As part of the

collaboration, Avalanche (AVAX) and Core, a self-custody wallet developed by Ava Labs, will feature as sponsors at FIDE tournaments. This includes the World Rapid and Blitz 2022 championship starting on Dec. 25 in Kazakhstan.More significantly

though, Avalanche and Core will invest in FIDE’s chess-related product advancement on the network, according to the press release. Ava Labs, the advancement company behind Avalanche, will deal with FIDE to use blockchain to resolve challenges in chess and reduce functional inefficiencies for gamers and federations. The collaboration also intends to enhance game integrity, onboard brand-new generations of gamers, and improve innovation.FIDE will utilize Avalanche’s subnet technology to create on-chain products such as on-chain player rating and tournament information management, a historical video game explorer, and providing reward swimming pools and digital prizes on Avalanche. The group will likewise deal with including tailored video game experiences on-chain, Avalanche said.Emil Sutovsky, CEO of FIDE, specified in the press release:”Chess is an unique sport, and this cooperation will permit us to unify our community and enhance the ties between gamers, clubs, federations and FIDE.” Ava Labs CEO Emin Gün Sirer included:”The possibilities produced by bringing chess on-chain have to do with as limitless as the game of chess itself … On Avalanche, gamers all

over the world will experience chess like never ever before.”It is worth noting, however, that this collaboration is not the first time FIDE took a step into Web 3.0. In 2021, FIDE declared to be the very first international sports federation to introduce its own non-fungible token(NFT)marketplace, in collaboration with TON Labs.Posted In: Avalanche, Partnerships, Sports, Web3 Recent Avalanche Stories