Algorand Blockchain to Capitalize on Twitch’s Chess Boom

Algorand Blockchain to Capitalize on Twitch’s Chess Boom

Key Takeaways

  • World Chess knowledge will probably be recorded to the Algorand community.
  • Ratings will probably be immutable.
  • The platform is open to gamers worldwide.

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As a results of the most recent lockdowns, players around the globe are streaming digital chess matches on platforms like Twitch. Now, Algorand is stepping in to maintain gamers sincere.

Algorand Gives Chess a Digital Makeover

FIDE Online Arena will document the official chess rankings and titles knowledge on Algorand’s decentralized blockchain community in real-time, bringing reliability and transparency to the score system of digital chess. 

They will probably be universally accessible to all different chess platforms and media websites. 

With the Algorand protocol eradicating friction from the prevailing mannequin, thousands and thousands of world chess gamers can have entry to clear reporting of one of many world’s hottest video games.

Sean Ford, COO of Algorand, stated on the announcement that:

“We are beyond thrilled to partner with FIDE Online Arena and World Chess to bring digital chess ratings onto the Algorand blockchain for the first time. This historic moment brings the blockchain community one step closer to mainstream adoption, as a widely popular competitive game like chess leverages distributed ledger technology to serve as the official record for trust of millions of online chess players and fans.”  

Six months after World Chess, the official chess match that determines the world champion, introduced a hybrid IPO on Algorand, the competitors is leveraging the Algorand blockchain additional to develop new gaming alternatives for thousands and thousands of gamers.

The integration will embrace rewards and incentives for the chess group.

“It’s exciting to continue bringing innovation to chess,” stated Ilya Merenzon, CEO of World Сhess. “The advent of digital games on the internet made chess more popular than before, and now we can’t wait to further explore blockchain innovation for digital chess.”

And Hikaru Nakamura, the world’s top-ranked blitz chess participant and five-time U.S. chess champion, would agree. During the pandemic, Nakamura and others have turned to novel means to popularize the game, most notably the streaming service, Twitch.

Cred - compound without complexity

The Twitch star instructed Wired, “I’ve always wanted to bring chess to the masses.”

World Chess hosted a digital recreation on Jun. 17 the place the world’s youngest grandmaster Sergey Karjakin and Turing Award-winning cryptographer and Algorand Founder, Silvio Micali, confronted off in a match.

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