So predicts a new commentary by Citrusw00d, a perceptive author and investor with one foot in the metaversal world of cryptocurrency-financed NFTs and the other in the slam-bang competitive chess culture.
Chess has all the ingredients that propelled other NFT market segments toward their dizzying ascent: visual and emotional appeal; a passionate global community of millions of fans and active participants; and recognition as a source of beauty and harmony. It also enjoys a centuries-long history that supports a worldwide subculture of collectors of antique chess equipment and artifacts.
The September launch of a large NFT collection from Play Magnus Group (a Norwegian publicly traded company controlled by World Chess Champion Magnus Carlsen) sets the stage for a range of chess-themed NFT drops in coming months. Public interest in the game, spurred to new heights by the pandemic and then by Netflix’s The Queen’s Gambit series a year ago, is set to jump again next month when a weeks-long World Championship match between Carlsen and Russian challenger Ian Nepomniachtchi begins in Dubai.
The coming wave of chess NFTs may look quite different from the sports-influenced creations that dominated September’s drop. Citrusw00d explains why in his commentary that can be viewed here.
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