- Magnus Carlsen triumphed in the FTX Crypto Cup.
- The tournament was sponsored by FTX, a startup exchange.
- FTX offers a variety of tokenized fiat currencies.
Although GM Magnus Carlsen lost his final match in a tiebreak to GM Praggnanandhaa R., he still won the FTX Crypto Cup on Sunday. As a result of this finish, GM Praggnanandhaa secured second place while GM Alireza Firouzja took third.
This tournament was sponsored by FTX, an up-and-coming cryptocurrency derivatives exchange. FTX offers a variety of tokenized fiat currencies, including USDT (a stablecoin pegged to the US dollar), BTC (Bitcoin), and ETH (Ethereum). In addition to these major cryptocurrencies, FTX also supports a number of altcoins.
Pragg and Carlsen were locked in a close battle throughout the tournament, with the youngster putting in a real statement performance. In the all-play-all event, Pragg faced the true acid test in Round 7 — World No. 1 Magnus. The youngster had chances in game 1 and defended like a lion in game 2. Finally, he lost steam in the third period. Carlsen secured his victory by guaranteeing himself the title, displaying his typical Magnus style – with a piece of endgame wizardry and immense relief.
This game was very nervy, I think, for both of us. Today I haven’t been able to find a rhythm at all, but hopefully, I can relax a bit in the last game.
Carlsen reacted before the final rapid game.
In the other matches, Alireza Firouzja (France) won 2.5-1.5 against Levon Aronian, Jan-Krzysztof Duda (Poland) beat Anish Giri 2.5-1.5 and Le Liem Quang (Vietnam) finally won 2.5-1.5 against last Hans Niemann (USA).
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