The FTX Crypto Cup took place from August 15 to 21, 2022. The tournament concluded on August 21, 2022, with Magnus Carlsen emerging as the victor and taking home the first prize of $25,000.
Magnus The Goat is on the way to Conquering The FTX Crypto Cup 8th time
Carlsen was declared the champion of the Finals with a round to spare.He also took the sole lead with his 7th consecutive win and demonstrated exceptional brilliance especially against Mamedyarov. Rameshbabu Praggnanandhaa came at the second place, the young talent displayed his future potential as well as getting 15000$, leaving players such as Anish Giri, GM Levon Aronian, GM Hans Niemann, GM Alireza Firouzja, GM Liem Quang Le and GM Jan-Krzysztof Duda.
Meltwater Champions Chess Tour – A Blend of Talent, Technology and Web3 Gaming Innovation
The Tour is a global spectacle, attracting millions of fans worldwide. It features the world’s top players in the most prestigious online tournaments and inspires the next generation of fans and players. Players from all corners of the globe compete across timezones in a series of titles over a full season of online events. The tournament culminates in the crowning of the year-end Tour Champion, the highest honor in online chess.
How does It works? an inclusive briefing about the format for chess enthusiaists
The Tour boasts a prize fund of $1.6 million, the largest ever offered for an online chess event. It consists of 9 events where players compete over a full season of online tournaments. The Tour has a diverse mix of over 40 players from around the world and has garnered 115 million live views in the 2021 Tour season.
Players compete in 6 “Regular” and 3 “Major” online rapid chess tournaments spread out over the Tour season. Two Regulars will be followed by a Major with the pattern repeated until all are completed. Regulars will feature 16 players in a prelim round and then only 8 players qualify to the knockout. Majors will feature 8 qualifying players in a simple all-play-all format. Cash prizes are available for placings in each event. The player who finishes top of the Tour leaderboard will be declared the overall Tour Champion.
The prize Format
Each Regular tournament has a Preliminary stage and Knockouts. In Preliminaries, 16 players engage in round-robin games for 4 days. Standings are determined by total points (3 for a win, 1 for a draw, 0 for a loss). Ties are broken following FIDE regulations. The Knockouts, including quarter-finals, semi-finals, and the final, are determined by the Preliminary rankings. Each knockout match consists of 4 rapid games.
Majors consist of 8 players in a round-robin format over 7 days. Each match includes 4 rapid games and potentially tie-break blitz games. Points are awarded for each match win, with different points for wins in regular or tie-break games.
The prizes are determined by many factors and as there are many perks that can be financially benefited for players, its best to be examine the full regulation from Here at the 5. Section. But to give a brief description, each win in preliminaries counts as 250 $ in addition to varying (from 60000$ to 120000$) worth of tournament specific prizes.
Involment of Important personages from the chess world: A ground breaking sign of further web3 adoption ın digital sports
The 2022 Tour has been revamped and is set to start on February 19 and run until November. It offers the richest prize fund ever for a series of online chess events. Which dramatically increases the repetition of the tournament’s score, getting attention from all of the top players.
Players from around the world compete to win 9 titles and the crown of overall Tour Champion. In 2022, some of the players included Anish Giri, Levon Aronian, Magnus Carlsen, Praggnanandhaa, Hans Niemann, Alireza Firouzja, Liem Quang Le, and Jan-Krzysztof Duda. The commentary team includes David Howell, a 3-time British Champ; Jovanka Houska, an International Master and 9-time British Women’s Champ; Kaja Snare, an experienced sports broadcaster; Tania Sachdev, a 2-time Indian Women’s Chess Champion and International Master; Peter Leko, a world title challenger in 2004; and Simon Williams, the English Grandmaster known as the Ginger GM.
The 9 tournaments from the 2022: names themselves as a testiment
The 2022 Tour season features 9 tournaments split into blocks of three. Two Regular events are followed by a Major. Some of the tournaments include the Airthings Masters, Charity Cup, Oslo Esports Cup, Chessable Masters, FTX Road to Miami, FTX Crypto Cup, Julius Baer Generation Cup, Aimchess Rapid, and Meltwater Champions Chess Tour Finals.
MIT and WHU have partnered to study the Champions Chess Tour to understand how transformational technologies are impacting sport. The innovative e-sports format of the Champions Chess Tour inspired these leading universities to design coursework to help students learn how to apply new technologies and play a key role in the global digital transformation process.
Preliminary stages of the Meltwater Champions chess tour: Aimchess rapid at work in 2023
Recently, Magnus has further grown his winning streak with winning the recent aimchess rapid, which is a sous tournament thats examined under the Meltwater Champions Chess Tour. The tournament ended with the the last years missing gem Hikaru at 4th. and Fabiano and Nodirbek at second and third place. The current state of affairs portrays a scene where the goat will be having his 8th consecutive win in the tour and thus, keeping his indisputed ruling going in 2023 as well.
Crypto’s Pivotal Role in Modern Chess Tournaments
While chess has been known for its timeless appeal, the integration of cryptocurrency into this prestigious tournament represents a groundbreaking fusion of old and new. With crypto becoming increasingly mainstream, its incorporation into a world-class chess event demonstrates how the digital currency has permeated various aspects of society.
The FTX Crypto Cup, named after the leading cryptocurrency exchange FTX, illustrates how cryptocurrency is making strides into traditional sporting events. With a substantial prize pool funded entirely by cryptocurrency, it sets a new precedent for how awards can be structured in such tournaments. Moreover, it showcases how blockchain technology and digital currencies can be utilized in various sectors, not just financial markets.
Ancient culture of gaming is merging with the cutting edge Blockchain technology
This not only adds a cutting-edge twist to the game but also acts as a stepping stone for further adoption of digital currencies in e-sports and beyond. The successful collaboration between the world of chess and cryptocurrency indicates a promising future where digital currencies could become a more regular feature of sporting competitions, bolstering their mainstream acceptance.
While this adoption of cryptocurrency might seem novel, it’s aligned with the trend of digital transformation that’s been impacting every industry. It’s another testament to the growing acceptance and adoption of cryptocurrencies. For the players, it’s an opportunity to participate in a tournament that’s not just rewarding in terms of competition but also profitable in the context of the cryptocurrency market.
What does this indicates for the future of crypto and digital gaming
Events like the FTX Crypto Cup and the Champions Chess Tour are pushing boundaries and paving the way for future digital innovations in traditional sports and games. Crypto and chess, seemingly different worlds, are now intertwined in ways that not only enhance the game but also boost the adoption and acceptance of digital currencies worldwide. As we move forward, this intersection of e-sports and crypto is likely to become even more prominent.