Play Magnus Group and FTX entered into a long-term agreement for FTX to become the Official Cryptocurrency Exchange Partner of the Meltwater Champions Chess Tour and the presenting partner of the next Major of the Tour, the FTX Crypto Cup. The FTX Crypto Cup is the final Major of the year-long Meltwater Champions Chess Tour, featuring the world's best chess players competing for the prize fund in online chess. On top of the $220K fund, there will be a bonus prize of $100K set in bitcoin that fans will be able to track throughout the broadcast in real time to see the ultimate final prize of the tournament. The winner of the FTX Crypto Cup will be guaranteed a spot in the Final of the Tour in San Francisco in September. FTX will become the Official Cryptocurrency Exchange Partner of the Meltwater Champions Chess Tour, as well as a presenting partner of Play Magnus Group's coverage of the upcoming World Chess Championship in November 2021.