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FTX Sponsors World’s First Bitcoin Chess Tournament

Crypto derivative Exchange FTX announces partnership with Magnus Carlsen’s Chess Group to sponsor online chess tour and prizes of $100K in BTC.

FTX Partners with Top Chess Companies

Play Magnus Group is Norway’s top chess company signs partnership with FTX crypto exchange traders. FTX sponsors $100K in bitcoin for the upcoming World’s chess championship  in November 2021.

Magnus Carlsen’s group organizes chess tournament “First Crypto Cup” and FTX, leading cryptocurrency exchange, signs long-term agreement as partners. 

FTX officially announces partnership with The Meltwater Champions Chess tour.” The upcoming tournament is the world’s first bitcoin chess tournament starts on May 23rd. FTX crypto awards a record cash-prize of $320K for the star winner. Along with $100K BTC of bonus rewarded in cryptocurrency. 

Moreover, the new sponsor of “FTX Crypto Cup” is cool in guaranteeing the winner a spot in the final round of the tournament in San Francisco in September along with $220,00 fund already in place.

Likewise, FTX exclusively became a crypto exchange partner with the “Miami Heat” basketball team. Hence with a deal, Miami native stadium became FTX ground.

FTX CEO Sam Bankman Fried’s intention behind such partnerships is to block all the non-crypto firms to its crypto trading platforms. Bankman Fried added saying,

“We’re excited to partner with the best in lots of areas and to expand to a natural user base of ours.”

Therefore, the chess tournament adds curiosity for both competitors and fans. Hence it will be a thriller entertainment chess tournament.

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Jine Angel

A responsible HR Admin with good experience in an international pharmaceutical company. She is passionate about dedicating her time to share her perspective about crypto and blockchain technology.

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