Yet another chess tournament. This time featuring crypto enthusiasts. Sponsored by Coinbase. Prize pool 25k and all goes into charity.

Link: https://www.chess.com/news/view/chesscom-cryptochamps-powered-by-coinbase

I posted yesterday about about tournament which is sponsored by FTX with prize fund 320k + 100k in Bitcoin and it’s featured by best chess players in the world. This time we have chess tournament where players are looking crypto enthusiasts.

From site (1): [Chess.com is excited to announce the upcoming CryptoChamps tournament powered by Coinbase, an event featuring star personalities from the world of cryptocurrencies. The event will happen on June 12 and 13, starting at 10 a.m. Pacific/19:00 CEST. The total prize fund will be $25,000 and participants will get to choose their preferred charity institution to donate the money to.]

From site (2): [Among the confirmed participants is PogChamps 3 participant Logic, who has invested $6,000,000 in bitcoins over the last year. Other participants include "The Pomp Podcast" host Anthony Pompliano, Civic and SiliconCape founder Vinny Lingham, and other important players from the crypto world.]

From site (3): [Prize Breakdown

The $25,000 total prize fund will be donated to a charity institution chosen by each of the participants and the donations will be made entirely in cryptocurrency. Prizes will be distributed as follows:

Winners Bracket: $15,000

1st: $5,000 2nd: $3,000 3rd and 4th: $1,500 5th-8th: $1,000 Consolation Bracket: $10,000

1st: $2,000 2nd: $1,500 3rd and 4th: $1,250 5th-8th: $1,000]

From site (4): [Below you can see a list of the confirmed participants:

Anthony "Pomp" Pompliano Benjamin Cowen Jing Wang Matt Huang Logic Daryl Morey Meltem Demirors Kevin Owocki Kain Warwick Vinny Lingham Peter McCormack Ben Forman]

Prizes image: [ https://images.chesscomfiles.com/uploads/v1/images_users/tiny_mce/PedroPinhata/phpGVRM1J.png ]

Format of games image: [ https://images.chesscomfiles.com/uploads/v1/images_users/tiny_mce/PedroPinhata/phph0xmGk.png ]

Format of brackets image: [ https://images.chesscomfiles.com/uploads/v1/images_users/tiny_mce/PedroPinhata/phph0xmGk.png ]

Two tournaments sponsored by exchanges! WOW!

What are your thoughts on this? I’m very happy that crypto is spreading to my favorite sport.