The organizers of a brand new Brazilian chess match 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 “in the national education 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 at a last to be held on November 25.
Winners will obtain a “personalized NFT” with a file of the final transfer of the match.
However the organizers are usually not altogether getting rid of bodily rewards: Trophies will even be distributed to the winners, alongside their NFTs.
There will likely be extra NFTs on provide, too.
The organizers mentioned they’d additionally present NFT participation certificates, in addition to NFT rewards for top-ranking regional gamers.
Inkluziva mentioned that qualifying occasions can be performed on-line through 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 numerous 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 final” within the capital Brasilia.
Inkluziva mentioned that it was “seeking to help improve the technical level of Brazilian chess.”
It additionally mentioned it hoped to “promote cultural and social exchange” through 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 greatest soccer (soccer) golf equipment introduced that its fan token can 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 tasks.
Elsewhere on the earth, 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 can enable clients to purchase curated NFTs on the Ethereum and Polygon blockchain networks.
