World Chess will make this mechanism available to other chess organizers and enthusiasts.įIDE Grand Prix Series is a major chess event and a qualifier for the World Chess Championship. The project is in line with World Chess’ mission to make chess accessible to a wider audience, and employing AI to visualize a game and turn it into a unique art piece will launch a new line of collectors items for chess. The exhibition by World Chess, the organizer of the FIDE Grand Prix, and Algorand, is one of the rare art events that meld NFT, a digital object, with a real life setting. In addition, Algorand is also one of the only carbon-negative blockchain networks. Algorand is recognized as the premier platform to create, launch and manage NFTs given its proven inability to fork, meaning that the network will never split into multiple networks which can lead to the duplication of digital art pieces. The blockchain serves as a public ledger, allowing anyone to verify the NFT’s authenticity and who owns it.
Algorand’s founder Silvio Micali’s pioneering work in cryptography gave the start to the modern anti-cheating protocols widely employed in chess.Īn NFT (non-fungible token) is a digital asset that exists on a blockchain, a record of transactions kept on networked computers. They will be minted on Algorand blockchain which has a strong connection to chess as it already keeps record of the official FIDE-recognized ratings. The prints will be exhibited in Berlin and offered to collectors along with the corresponding NFTs. Each artwork will be minted as NFT on Algorand blockchain and printed as a one-of-a-kind art print to be signed by the chess players, creating the ultimate chess memorabilia: a visual representation of the game, authored by the two opponents with the help of AI, and produced as a unique collectors’ item.
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