03
September 2024
World Chess
Plc
("World
Chess" or the "Company")
World Chess Extends
Partnership with the Algorand Foundation
World Chess plc (LSE: CHSS), a
leading chess organisation committed to enhancing the global mass
market appeal of chess by introducing a variety of innovative
chess-related activities, is pleased
to announce the extension of its partnership with the Algorand
Foundation ("Algorand") for an additional year. This continued
collaboration will further integrate Algorand's cutting-edge
blockchain technology into the chessarena.com ecosystem, enhancing
the platform's offerings and user experience.
As part of this renewed agreement,
Algorand has agreed to a continued sponsorship package of World
Chess. The extended partnership will include the launch of a new
Algorand Tournament Series on chessarena.com, which will provide
players with the opportunity to compete in blockchain-enabled
tournaments, offering unique rewards and enhancing the overall
chess experience. World Chess is harnessing Algorand's blockchain
capabilities not only to create unique digital chess assets on the
platform but to also connect various chess projects in the
Company's ecosystem to ensure a more engaging
experience.
Ilya Merenzon, Chief Executive Officer of World Chess,
said: "We are excited to extend our successful partnership with the
Algorand Foundation for a further year, marking a significant step
in our mission of enhancing and modernising chess for a global
audience.
"This continued collaboration allows us to further integrate
Algorand's blockchain technology into our platform, enriching the
Chessarena ecosystem and offering players exciting new
opportunities via our new Algorand Tournament
Series."
For more information, please visit
https://worldchess.com/investors or contact:
This announcement contains
information that, prior to its disclosure, was inside information
as stipulated under Regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310 (as amended).
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World Chess
Ilya Merenzon, CEO
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Via Yellow Jersey PR
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Duxberry
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(Sales)
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(Corporate Finance)
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Notes to Editors
About World Chess Plc
World Chess (LSE: CHSS) is a
London-based chess gaming and entertainment company and Fédération
Internationale des Échecs ('FIDE') official commercial partner.
World Chess organised the FIDE Championship Matches in the USA, and
the UK, and revolutionised the sport by signing the biggest media
partnerships in history. World Chess develops Armageddon, the chess
league for prime-time television. World Chess also runs FIDE Online
Arena, the exclusive official chess gaming platform. More at
https://worldchess.com.
About The Algorand Foundation
Founded by Turing Award-winning
cryptographer Silvio Micali in 2019, Algorand has grown into a
vibrant ecosystem of developers, entrepreneurs, and enterprise
partners that benefit from institutional-grade certainty and
resilience. Its fees, instant finality, and a minimal carbon
footprint appeal to the protocol's millions of retail users, and
developers of all kinds appreciate the ability to use common
programming languages like Python.
Builders on Algorand are creating
protocols and companies that solve important problems at a global
scale: instant payments in war and disaster zones, self-sovereign
identity for the disenfranchised, supply-chain traceability for
global commerce, permissionless protocols addressing financial
inclusion, and the creation of entirely new markets through
tokenization, to name a few. More at https://algorand.co.