Carlsen Plays Bullet Chess For 1 BTC Grand Prize

Carlsen Plays Bullet Chess For 1 BTC Grand Prize

Last updated on November 1st, 2022 at 11:06 am

Magnus Carlsen, the reigning chess champion, competed in a bullet tournament where the prize was one Bitcoin. This tournament comes as sporting events become more open towards cryptocurrencies and digital asset investments.

The championship under which Carlsen participated also involved some of the world’s most renowned chess players who came together to compete for the grand prize.

Chess Champ Competes For 1 BTC

2021 has been an eventful year in the crypto market, with many sports players, teams and leagues leaning towards the fast-growing market to generate additional revenues and boost the level of fan interaction.

Carlsen is currently the reigning chess grandmaster, and he was involved in the grand prize of one Bitcoin.

Carlsen participated in a bullet tournament dubbed the “Agadmator CakeDeFi Christmas Arena.” The tournament took place on December 21st and it stirred excitement across the crypto market.

Carlsen was not the only legendary chess player involved in the 2-hour tournament. Some of the best bullet players globally, such as Alireza Firouzja, Andrew Tang, Daniel Naroditsky and Hikaru Nakamura and others, were competing for the grand prize.

However, the event was not completed. Instead, it was halted midway after some technical difficulties arose. Lichess, an open-source internet chess protocol, announced that the tournament would be resumed on a future date.

The tournament will resume with the same number of scores and the players will play for the remaining time of around one hour and 15 minutes.

Fan of Crypto & Chess Tournaments

As Carlsen is one of the renowned names in global chess, he has the ability to be one of the most crucial proponents of cryptocurrency in the world of chess. Even at the age of 31, he has participated in various events and initiatives involving cryptocurrencies.

He has also gone big by venturing into other forms of digital assets, such as non-fungible tokens (NFTs). He has competed for cash prizes in Bitcoin and other cryptocurrencies and NFT trophies.

Carlsen made history in the chess space after receiving an award of an NFT. The Norwegian chess player received an NFT trophy after he emerged a winner in a global chess tournament. The Meltwater Champions Chess Tour (MCCT) tournament was in October 2021.

Carlsen showed excitement after winning an NFT trophy during the MCCT tournament. At the time, he opined,

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

On the other hand, MCCT is also actively seeking exposure in the cryptocurrency sector.

Recently, the body signed a partnership with FTX, one of the leading crypto exchange platforms. The partnership seeks to offer a prize of 2.1825 Bitcoin to professional chess players. 

Carlsen’s support for cryptocurrencies is significant because he is a major player in chess. He is the first Bitcoin chess champion in the world. Recently, he won his 5th World Chess Championship title after defeating Ian Nepomniachtchi, a Russian chess player. Carlsen won his first global title in 2013.


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