Feb 14, 2022 — LONDON, United Kingdom — Casual and professional chess players alike now have access to the unique tool that can convert any chess game into a uniquely-designed chess piece NFT courtesy of Algorand and FIDE Online Arena, the official gaming platform of the International Chess Federation. The game’s data (called ‘FEN’) is fed into a complicated AI algorithm that generates a unique 3D chess piece which is then minted as an NFT and can be traded, sold, or exchanged on Algorand NFT marketplaces.
Each NFT is associated with a unique chess position, but the number of positions in chess is estimated to be over 10123. As a comparison, the number of atoms in the observable universe is roughly estimated to be 1080, meaning that the chess positions provide an unlimited supply of NFTs. Chess NFTs however, will vary by position (the most famous or important positions might be more interesting for collectors or chess fans) and also by the shape, color, lighting, and surface of the underlying key visual which is unique to each NFT.
FIDE Online Arena x Algorand NFTs can be used as logos for chess tournaments as well as the ultimate chess memorabilia, because they are the visual representation of the actual chess game. They can even be reproduced as exclusive fine art prints — the first ever exhibition of the chess NFTs has opened in Berlin, Germany in conjunction with the FIDE Grand Prix, an elite chess tournament. Most interesting games from the Grand Prix, were minted as NFTs, produced as art prints and exhibited in Berlin’s Circle Culture Gallery. They sold out in seconds.
The AI algorithm that converts chess games into 3D chess pieces is available to all chess platforms and enthusiasts for free. Limited number of NFTs on Algorand blockchain is available for free, and partners are invited to build their own apps that put the 3D images on chain and on marketplaces.
Algorand blockchain which has a strong connection to chess. It already hosts the official FIDE Online Arena ratings. Algorand’s founder Silvio Micali’s pioneering work in cryptography gave the start to the modern anti-cheating protocols widely employed in chess. An NFT (non-fungible token) is a digital asset that exists on a blockchain, a record of transactions kept on networked computers.
To mint the NFT, please 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 obtain official online ratings and online titles. The platform is operated by World Chess, FIDE commercial partner.