The organizers of a brand new Brazilian chess event say they may reward winners with non-fungible tokens (NFTs).
Per the Brazilian media outlet Livecoins, the occasion will likely be “nationwide” and has been organized by a fintech agency named Inkluziva.
The occasion will open to college students “within the nationwide schooling system” aged six and upwards.
5 age classes will likely be opened, which means {that a} whole of 5 nationwide champions will likely be topped on the remaining on November 25.
Winners will obtain a “customized NFT” with a file of the final transfer of the match.
However the organizers will not be altogether removing bodily rewards: Trophies may even be distributed to the winners, alongside their NFTs.
There will likely be extra NFTs on provide, too.
The organizers stated they’d additionally present NFT participation certificates, in addition to NFT rewards for top-ranking regional gamers.
Inkluziva stated that qualifying occasions could be performed on-line by way of the Chess.com platform.
The agency has named the occasion the Inkluziva College Chess Match.
And it defined that it might maintain 5 on-line qualifying occasions in several areas of the nation.
These will comprise the North, Northeast, South, Southeast, and Midwest areas.
However the regional champs will duke it out in a “face-to-face remaining” within the capital Brasilia.
Inkluziva stated that it was “in search of to assist enhance the technical stage of Brazilian chess.”
It additionally stated it hoped to “promote cultural and social change” by way of the occasion.
Brazilian Chess: A Successful Transfer for NFTs?
Adoption is on the march in Brazil.
Final month, Santos FC, one of many nation’s largest soccer (soccer) golf equipment introduced that its fan token could be put to make use of within the gaming world.
And the crypto-keen neobank Nubank introduced it was hiring David Marcus, the previous head of Meta’s (shelved) crypto/stablecoin initiatives.
Elsewhere on the planet, NFTs are additionally making their mark on typical industries.
Earlier this month, the New York-based public sale home Sotheby’s introduced the launch of a secondary NFT market that may permit prospects to purchase curated NFTs on the Ethereum and Polygon blockchain networks.
