Casual and professional chess players now have access to the unique tool that can turn any chess game into a NFT unique design chess piece courtesy of Algorand and FIDE Online Arena, the official gaming platform of the International Chess Federation. Game data (called ‘FEN’) is fed into a complicated AI algorithm that generates a unique 3D chess piece which is then minted as NFTs and can be traded, sold or traded on the Algorand NFT markets.
Each NFT is associated with a unique chess position, but the number of chess positions is estimated to be greater than 10123. For comparison, the number of atoms in the observable universe is estimated to be approximately 1080, which means that the positions Chess games provide an unlimited supply of NFTs. However, chess NFTs will vary by position (more famous or important positions may be more interesting to chess collectors or fans) and also by the shape, color, lighting, and surface of the underlying visual key that it is unique for each NFT.
FIDE Online Arena x Algorand NFTs can be used as logos for chess tournaments, as well as for the best chess memorabilia, because they are the visual representation of the real game of chess. They can even be reproduced as exclusive fine art prints – the first exhibition of chess NFTs has opened in berlin, Germany together with the FIDE Grand Prix, an elite chess tournament. Most of the interesting Grand Prix games were minted as NFTs, produced as art prints, and exhibited at the Circle Culture Gallery in Berlin. They sold out in seconds.
The AI algorithm that turns chess sets into 3D chess pieces is available to all chess platforms and enthusiasts for free. A limited number of NFTs are freely available on the Algorand blockchain, and partners are invited to create their own applications that put the 3D images on-chain and on markets.
Algorand blockchain that has a strong connection to chess. It already hosts the official FIDE Online Arena rankings. Algorand founder Silvio Micali’s pioneering work in cryptography gave rise to the modern anti-cheating protocols widely used in chess. An NFT (non-fungible token) is a digital asset that exists on a blockchain, a record of transactions maintained on networked computers.
To mint the NFT, visit worldchess.com/nft.
FIDE Online Arena is the official gaming platform of the International Chess Federation (FIDE) and is a chess platform where users can earn official online ratings and titles. The platform is operated by World Chess, a commercial partner of FIDE.