Chess grandmaster Magnus Carlsen awarded NFT trophy after tournament win

For the first time in chess history, grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for winning an international chess tournament, Meltwater Champions Chess Tour (MCCT). The tournament minted a number of NFT trophies and collectibles to indefinitely preserve the game’s most defining moments.

Speaking to Cointelegraph, Carlsen shared his appreciation of the cryptocurrency ecosystem for supporting virtual chess tournaments. The chess champion cited MCCT’s recent partnership with FTX crypto exchange that allowed professional chess players to compete for a prize fund of 2.1825 Bitcoin (BTC) ($81,079).

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