FIDE Partners with Avalanche to Bring Chess to the Web 3.0 Platform
On December 23, Avalanche announced a partnership with the International Chess Federation, also referred to as FIDE, to introduce chess into the Web 3.0 era. The World Chess Championships are overseen by FIDE, a global federation of 200 national chess clubs that was founded in 1924.
As part of the collaboration, Avalanche (AVAX) and Core, a wallet designed for self-custody by Ava Labs, would be promoted as partners at FIDE tournaments. This also applies to the 2022 World Rapid & Blitz Championship, that begins on December 25 in Kazakhstan.
But more significantly, the press release notes that both Avalanche and Core will support the creation of FIDE’s network-based chess products. Ava Labs, the company that created Avalanche, will work with FIDE to use blockchain technology to tackle chess-related difficulties and reduce operational gaps for players as well as federations. In addition, the alliance wants to improve player diversity, game fairness, and inventiveness.
FIDE will reap the benefits of Avalanche’s subnet innovation to provide on-chain solutions such as on-chain player rating with historical game analyzer, event data administration, and distributing prizemoney as well as digital prizes on Avalanche. Avalanche claims that the business will also concentrate on bringing personalized interactive encounters to the blockchain.
But it’s crucial to keep in mind that FIDE entered Web 3.0 before this partnership. Together with TON Labs, FIDE announced that in 2021 it would be the first international sports federation to launch its incredibly distinctive non-fungible token (NFT) platform.