World Chess plc (LSE: CHSS) Extends Partnership with Algorand Foundation, Launches New Tournament Series

September 04, 2024 03:04 PM AEST | By Team Kalkine Media

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World Chess plc (LSE: CHSS) Extends Partnership with Algorand Foundation, Launches New Tournament Series — Image source: shutterstock

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World Chess plc (LSE:CHSS), a prominent chess organization dedicated to expanding the global appeal of chess through innovative activities, has announced the extension of its successful partnership with the Algorand Foundation ("Algorand") for another year. This renewed collaboration will deepen the integration of Algorand's advanced blockchain technology within the chessarena.com ecosystem, further enhancing the platform's offerings and user experience.

As part of the extended agreement, Algorand will continue its sponsorship of World Chess, supporting a range of exciting initiatives designed to revolutionize the chess experience. A major highlight of the renewed partnership is the introduction of the new Algorand Tournament Series on chessarena.com. This series will enable players to participate in blockchain-enabled tournaments, featuring unique rewards and innovative gameplay elements, all powered by Algorand's cutting-edge technology.

The integration of blockchain technology is set to offer players unprecedented opportunities, including creating unique digital chess assets and connecting various chess-related projects within the World Chess ecosystem. By leveraging Algorand's blockchain capabilities, World Chess aims to deliver a more engaging and immersive experience for its global user base.

Ilya Merenzon, Chief Executive Officer of World Chess, expressed enthusiasm about the extended partnership, stating, "We are excited to extend our successful partnership with the Algorand Foundation for a further year. This marks a significant step in our mission to enhance and modernize chess for a global audience. Our continued collaboration will allow us to integrate Algorand's blockchain technology more deeply into our platform, enriching the Chessarena ecosystem and offering players exciting new opportunities through the new Algorand Tournament Series."

The new tournament series will not only provide competitive players with a unique platform to showcase their skills but will also introduce blockchain-based innovations to the chess community. The rewards and features associated with the Algorand Tournament Series are expected to draw considerable interest, further cementing chessarena.com as a leading destination for digital chess enthusiasts.

AThe partnership extension highlights World Chess's commitment to leveraging technology to enhance the chess experience, while Algorand's involvement underscores its role in supporting innovative applications of blockchain technology. Together, World Chess and Algorand are poised to set new standards in the world of chess, making the game more accessible and engaging for players worldwide.

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