CHESS coin, or Tranchess, is making waves in the cryptocurrency market. Recently, its price soared by 41% following a listing on Binance, generating a buzz amongst investors and adding fuel to speculations about its future trajectory. Supporting the move towards decentralized platforms, Bit-Chess has announced the presale for the world's first fully decentralized Chess platform, blending traditional Chess with Web3 innovation. Tranchess has also raised $1.5M in a seed round led by renowned investment firms like Three Arrows and Spartan.
However, the coin is not without its fair share of challenges. The developer of a Web3 chess game reported shutting down play-to-earn due to intense cheating. Meanwhile, Binance's recent delisting of major cryptos raises concerns about possible price declines. On the brighter side, crypto adoption in Chess continues to grow. Chess Grandmaster and World Champion, Garry Kasparov, has openly expressed his support for bitcoin and crypto platforms, including Tranchess. Bit-fuelled Chess tournaments and Bitcoin Chess mobile games further mark the integration of Chess and crypto, drawing new users into this digital arena.
In addition, renowned Chess players, including Grandmaster Magnus Carlsen, are exploring the NFT space, lending more credibility to blockchain technology in the Chess sphere. Algorand Blockchain was chosen to host player rankings of online Chess, marking another milestone intertwining Chess and blockchain technology. This sharp fusion between crypto, Chess, and innovation is emblematic of the advent of Web3 and its transformative impact on traditional industries.
CHESS Coin News Analytics from Fri, 08 May 2015 07:00:00 GMT to Wed, 11 Sep 2024 07:00:00 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -2
