Chess.com, which arguably hosts the largest online chess community in the world, has partnered with fiat-to-crypto payments firm Wyre to launch a new NFT marketplace called ‘Treasure Chess’.
The new platform will allow users to turn a chess game which they’ve played on chess.com into a ’Treasure’ NFT, which can then be minted, sold, or collected. The NFTs will present the games’ entirety in the form of a GIF, where the players involved, match stats, and the manner of the victory will decide the rarity of each NFT.
Users will be able to mint their first three NFTs for free, after which, the platform will charge $5 per item. Here, zero profits will be taken by the platform – as revenue will be distributed to creators, maintenance, and development.
In order to buy NFTs through the Ethereum wallet that is automatically set up for them on sign up, the services of Wyre will allow players to buy USDC via fiat methods.
For now, the project is being labeled as ‘an experiment,’ with chess.com stating that its mission is to enrich users’ chess experiences, while also supporting chess streamers and content creators in celebrating their favourite matches.
With little chess-come-blockchain options being available to such namesake enthusiasts, it appears the Animoca-backed ‘Play Magnus’ chess metaverse will serve as the platforms main (and perhaps sole) rival.