REG - World Chess PLC - Two-Year Partnership with Algorand Foundation Ltd.

World ChessAnnouncement

20/10/2025 11:45

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RNS Number : 0472E  World Chess PLC  20 October 2025

World Chess Plc

("World Chess" or the "Company")

Two-Year Partnership with Algorand Foundation Ltd.
Key Highlights

World Chess plc (LSE: CHSS), a leading chess organisation that develops and
operates worldchess.com, the official online gaming platform of the
International Chess Federation (FIDE), today announces that it has entered
into a two-year partnership agreement with Algorand Foundation Ltd
("Algorand"), the Singapore-based organisation supporting the Algorand
blockchain ecosystem.

●    Partnership renews and expands the long-standing collaboration
between World Chess and Algorand.

●    Algorand will stake part of its ALGO (native Algorand blockchain
cryptocurrency) treasury with a professional custodian to generate staking*
rewards and direct them towards the partnership.

●    World Chess will receive approximately USD 175,000 per quarter (USD
700,000 annually) in ALGO tokens through staking rewards.

●    The partnership supports the integration of blockchain technology
across World Chess products, including Chess ID, user wallets, and a new
on-chain loyalty system called The Tower.

●    Algorand remains the exclusive Blockchain Partner of World Chess,
featured across events, broadcasts, and digital platforms.

Details of the Partnership

Under the renewed agreement, Algorand and World Chess will continue their
cooperation to bring blockchain technology to mainstream chess audiences. The
partnership will enable World Chess to launch new features such as The Tower,
a blockchain-based loyalty and rewards programme built on Algorand's custodial
solution for businesses, and the upcoming Global Chess Passport, powered by
Algorand's web3 identity wallet.

World Chess will receive quarterly rewards in ALGO tokens, estimated at around
USD 175,000 per quarter, which will be used to support the ongoing development
and promotion of blockchain-powered chess services. The structure of the
partnership - in which Algorand stakes part of its treasury and directs the
staking rewards to World Chess - also contributes to strengthening the overall
Algorand network.

Algorand will continue as the Official Blockchain Partner of World Chess, with
branding featured across worldchess.com, mobile apps, the Armageddon
Championship Series, and global chess events.

Ilya Merenzon, Chief Executive Officer of World Chess, commented:

"We're pleased to extend our collaboration with Algorand as our exclusive
blockchain partner.

This partnership allows us to build innovative products such as the Tower and
the Global Chess Passport, linking online, over-the-board, and live events
into one connected chess ecosystem."

*Staking in "proof-of-stake" blockchains is a process similar to earning
interest on a deposit in a digital network. More info on its implementation on
Algorand blockchain can be found via the link -
https://algorand.co/staking-rewards.

For more information, please visit https://company.worldchess.com/investors
(https://company.worldchess.com/investors) or contact:

World Chess Plc
Ilya Merenzon, CEO

merenzon@worldchess.com

AlbR Capital Limited
Financial Adviser: David Coffman / Anastassiya Eley

+44 (0) 20 7399 9400

Notes to Editors

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 chess history. World Chess develops Armageddon, the chess
league for prime-time television, and operates worldchess.com, the official
FIDE-rated gaming platform. More at worldchess.com
(https://www.worldchess.com/) .

 

 

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