World Chess Champion Magnus Carlsen Competed in a 1 BTC Prize Bullet Tournament

In 2021, many celebrities throughout totally different fields received concerned with the cryptocurrency area in numerous methods.

Chess grandmaster Magnus Carlsen competed for the highest prize of 1 Bitcoin (roughly $51,000 on the time of writing) within the bullet match “Agadmator CakeDeFi Christmas Arena” on the twenty first of December.

Apart from Carlsen, the 2-hour featured a few of the absolute best bullet gamers on the planet, together with Hikaru Nakamura, Alireza Firouzja, Andrew Tang, Daniel Naroditsky, amongst others.
The occasion needed to halt halfway as a consequence of technical difficulties. However, the open-source Internet chess server, Lichess, revealed that it will likely be resumed on one other day with the identical scores and the identical remaining time of round 1 hour quarter-hour.
Carlsen has emerged as a vital proponent of the area along with his chess-centric occasions and initiatives.
The 31-year previous Chess grandmaster had performed for NFT trophies and money prizes in Bitcoin and different crypto-assets.
The Norwegian chess participant made historical past after being awarded a non-fungible token (NFT) trophy after he received a global chess match, Meltwater Champions Chess Tour (MCCT), in October this yr. He was quoted saying,

“It’s a nice trophy and I’m very happy to be breaking this ground.”

MCCT had just lately entered right into a partnership with cryptocurrency alternate FTX that enabled skilled chess gamers to compete for a prize fund of two.1825 BTC.
Besides, Carlsen is the world’s first Bitcoin chess champion. He just lately defeated Russian Chess Grandmaster Ian Nepomniachtchi to win his fifth World Chess Championship title.
He had secured his first world title again in 2013.

Featured picture courtesy of ChessBase