Tranchess (CHESS), a decentralized cryptocurrency, has seen its price rise by 41% following its Binance listing. Its long-term investment potential remains in question, but recent price movements have sparked interest. The coin draws its symbolic name from Chess, the strategy-based game. In an interesting parallel, the crypto world and Chess community are increasingly intersecting, with Bitcoin also being integrated into Chess gaming platforms thanks to companies like ZEBEDEE and VIKER. This allows players to earn Bitcoin by playing online chess games.
However, challenges in the crypto world continue to mount with news of heavy cheating leading to the shutdown of a play-to-earn Web3 chess game. Yet, crypto enthusiasts are undeterred, with Chess grandmaster Garry Kasparov vocalizing his support for Bitcoin, fuelling speculations of wider crypto adoption. In fact, Kasparov refers to Bitcoin as a tool that empowers the public and protects dissidents.
In the world of innovative technology applications for Chess, the most intriguing advancement is the announcement of a breakthrough in DNA computing that could potentially transform living cells into functioning blockchains. Blockchain is already making strides in Chess, with Bit-Chess developing the first fully decentralized Chess platform and Chess.com utilizing crypto for its CryptoChamps event powered by Coinbase.
On another note, an unwelcome announcement by Binance to delist several major cryptocurrencies signals potential price declines. Despite the bearish undertone, Chess continues to permeate the crypto-sphere with companies Animoca Brands' Anichess and PowChess building decentralized platforms.
CHESS Coin News Analytics from Mon, 12 Mar 2007 07:00:00 GMT to Wed, 11 Sep 2024 07:00:00 GMT -
Rating 0
- Innovation 5
- Information 7
- Rumor 6
