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Chess.com Celebrates Victories with Zero Profit NFT Platform

Chess.com Celebrates Victories with Zero Profit NFT Platform

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One unlikely subculture to embrace the world of NFTs is the realm of chess. A fantastically organized community of tactical gamers dedicated to the chequered board. One that has so far launched NFT competition chess boards and will soon open up its own bespoke metaverse.

Now however, the non-fungible will look to brighten up the community by allowing gamers to record their grandest matches on the blockchain. As a result, strategy gaming hub, Chess.com, has launched its own bespoke NFT platform called Treasure.Chess.com, in which, gamers can mint their matches as collectible NFTs and trade them throughout the Web3 ecosystem.

Treasure Chess is going live!

Play, Create, & Collect NFTs of your favorite games of chess. Support the players and creators you love the most.

We think we built the best onboarding to crypto & NFTs anyone has ever put together

Here’s how we did it 1/5 pic.twitter.com/r9RSpOTiP6

— TreasureChess.eth (@treasurechess_) April 21, 2022

Working on an entirely opt-in system, members of Chess.com can mint their latest battles into non-fungible tokens. Each of which will present the game in its entirety in the form of a GIF, while also depicting the top three stats and the two players concerned. Therefore, incorporating a system where rarity is dependent on the quality of the opponent, and the manner they were defeated. Once created, players can then gift, sell or trade the item via the native ecosystem, or on a compatible marketplace such as OpenSea.

Furthermore, in a grand display of awareness, treasure.chess.com will take zero profits from the endeavour. Instead, giving 100% of profits from the first sale to the creator, then setting aside 5% of secondary sales for platform maintenance and development. In addition, users can mint their first three NFTs for free, after which, the platform will charge $5 per item. A fee that will also finance maintenance and a creators fund.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Decentralised human, Explorer, Adventurer.

The post Chess.com Celebrates Victories with Zero Profit NFT Platform appeared first on NFT Plazas.

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