Chess Tournament Bitcoin Tech – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

On May 29th, the world’s top 16 chess players competed in the FTX Crypto Cup. Hundreds of thousands of fans tuned in to, Twitch, Youtube and the Champions Chess Tour website to watch their favorite players duke it out in the nine-day event. But unlike prior tournaments of this scale, where the prize pool is almost always denominated and paid in U.S. dollars, the FTX Crypto Cup was different. Thanks to cryptocurrency derivatives exchange FTX and its CEO, Sam Bankman-Fried, the tournament’s $220,000 prize was supplemented by 2.1825 BTC, split among the winners.

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