FIDE Integration with Avalanche

Published on: 25.12.2022
FIDE Integration with Avalanche

FIDE Integration with Avalanche, FIDE is developing Web3 products on Avalanche for over 500M chess players globally.

FIDE, the governing organization of competitive international chess, FIDE Integration with Avalanche working on Avalanche Web3 products. Chess has nearly 500 million players worldwide, and FIDE competitions such as the World Chess Championship and Chess Olympiad generate hundreds of millions of impressions. Avalanche and Core will sponsor FIDE events including the 2022 World Rapid and Blitz Championships and invest in FIDE’s product development to bring chess to Web3.

Ava Labs will work closely with FIDE to use blockchain to tackle challenges in chess and create operational efficiencies for players and federations, improve game integrity, onboard new generations of players, and power innovation. Some of these opportunities on Avalanche include:

  • Calculating official player ratings on-chain
  • Publishing tournament data on-chain
  • Adding personalized experience on-chain
  • Releasing a FIDE game explorer, powered by on-chain game data
  • Issuing tournament prize pools on Avalanche

Founded nearly 100 years ago, FIDE now links 200 national associations into one international body. The federation runs the World Chess Championships and Fischer, Kasparov, and Carlsen’s major matches.

The integration begins in FIDE’s premier 2022 World Rapid and Blitz Championship in Almaty, Kazakhstan, December 25–30.

About FIDE

The International Chess Federation (FIDE) is the governing body of the sport of chess, and it regulates all international chess competitions. Constituted as a non-governmental institution, it was recognized by the International Olympic Committee as a Global Sporting Organization in 1999.

Website | Twitter

About Avalanche

Website | Twitter

SOURCE: https://medium.com/avalancheavax/the-international-chess-federation-brings-chess-into-web3-on-avalanche-5720f9ceb23

Market Stats:
BTC Dominance: 41.88%(-0.18%/24h)
ETH Dominance: 18.65%(-0.13%/24h)
Defi Market Cap: $0B(+1.20%/24h)
Total Market Cap: $1075.54B(-1.25%/24h)
Total Trading Volume 24h: $63.58B(-2.61%/24h)
ETH Market Cap: $0B
Defi to ETH Ratio: 0%
Defi Dominance: 0%
Altcoin Market Cap: $625.14B
Altcoin Volume 24h: $32.79B
Total Cryptocurrencies: 22421
Active Cryptocurrencies: 8899
Active Market Pairs: 59157
Active Exchanges: 537
Total Exchanges: 4742