All you need to know about the chess NFT marketplace

cnbctv18.com:

The marketplace is also designed to allow users to bypass on-ramp transactions (paying fiat money to buy cryptocurrency) to purchase NFTs. They will be able to log in and buy NFTs directly without even owning a crypto wallet.

The forum will also allow users to sell their Chess NFTs to earn cryptocurrency."We have built the best NFT experience and (the) most innovative cryptocurrency onboarding stack ever created: there are direct fiat on-ramps with our partner Wyre, there is no need to buy cryptocurrency to participate, but you’re still able to earn, users have secure logins through their existing online accounts, all cryptocurrency transaction fees are paid on behalf of all our users, and much more. Plus, it’s fun!” said Joseph Schiarizzi, Co-founder & CEO of Treasure Chess, to PR Newswire.Also Read: Coinbase NFT Marketplace Launched in Beta: All You Need to KnowUsers can convert their fiat currency to USD Coin (USDC) on the Treasure Chess platform.

USDC is a stablecoin launched in 2018 and pegged 1:1 with the US dollar. Wyre believes this will shield all users from crypto price volatility."Treasure Chess’s NFT marketplace is a pioneer in many ways.

By utilizing Wyre’s cryptocurrency infrastructure, plus the secure and accessible Polygon blockchain, we’re able to create a fully customized solution that fosters a non-exclusionary environment for content creators to join the NFT economy," explained Ioannis Giannaros, co-founder and CEO of Wyre to PR Newswire.According to chess.com, all games played by users can be converted into Treasures. They are basically game cards that will contain the GIF of the entire game.