Chess nerds and cryptocurrency nerds unite! The FTX Crypto Cup 2022 begins

Chess and crypto are becoming familiar bedfellows. Have a love going again for the next FTX Crypto Cup 2022. It will take place in August in Miami, United States.

The first FTX Crypto Cup was right up there with the most watched chess tournaments across online streaming platforms.

The team behind the tournament is Play Magnus Groupa world chess games organization, and FTX, a cryptocurrency exchange. Together they will bring 8 of the best chess players in the world to Miami. The FTX Crypto Cup 2022 is expected to be the biggest event in the history of the Meltwater Champions Chess Tour.

Sam Bankman-Fried is the CEO and founder of FTX. “Chess is a game open to anyone and everyone, just like blockchain technology, bringing financial opportunity to everyone, from those on the institutional ladder to the unbanked. It will be fascinating to see how players continue to innovate, as we always strive to do at FTX, and push the game forward during the Crypto Cup in Miami.”

In 2021, the event offered the largest prize fund in online chess history. This year’s FTX Crypto Cup will have a prize pool of $210K. This is in addition to $100K worth of Bitcoin, provided by FTX.

FTX will sponsor two events. In July, the Road FTX to Miami will start on July 10 and will run until July 17the. 16 players will face each other. Players who make the cut from this round will continue to the next Tour match: the FTX Crypto Cup. It will be from the 15the to 21St. of August.

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Featured chess players

Reigning world champion Magnus Carlsen remains the overall leader for the season. World number 2 Ding Liren and rising star Rameshbabu Praggnanandhaa have already qualified for the FTX Road to Miami. They placed first and second in the Chessable Masters tournament in May.

Andreas Thome is the CEO of Play Magnus Group. “The 2021 edition of the FTX Crypto Cup received the most press coverage of the Tour at the time. It highlighted the natural intersection of the two passionate chess and crypto communities in an exciting tournament where Magnus won his first Tour event. It was the first integration of its kind for both chess and sports. We are delighted that FTX has agreed to continue expanding its presence in chess by funding a physical event in Miami. This is unlike any other chess tournament seen before.”

celebrity appearances

Chess and cryptocurrencies are attracting a lot of enthusiasm. Indeed, the 2022 season of the Meltwater Champions Chess Tour will kick off with a star-studded ceremony. Part of this will be the Tour’s first Celebrity Cup. Celebrities associated with Tour players will attend in a “showdown of hands and brains”.

Chess

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This year the FTX Crypto Cup will be giving away free NFT keys. They say: “An exclusive key will be offered for free to fans around the world. It will unlock unique fan experiences including fantasy challenges, chess activities and giveaways, and $100K in rewards and prizes. This will be distributed throughout the summer and during the tournament.”

You can claim the NFT for free here by using an FTX wallet.

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