Watch chess legend Magnus Carlsen compete at FTX Crypto Cup - Axios MiamiLog InLog InAxios Miami is an Axios company.

Watch the Tom Brady of chess compete in Miami Beach

Magnus Carlsen has been the top-ranked chess player for more than a decade. Photo: Dean Mouhtaropoulos/Getty Images Magnus Carlsen, a 31-year-old from Norway who's been dubbed the " of chess," has been the world champion to beat since 2011. Through Aug. 21, he and seven other top-ranking chess players are facing off at the Eden Roc Miami Beach during the , part of the Meltwater Champions Chess Tour, a circuit that launched in 2020. State of play: To no surprise, Carlsen holds the No. 1 spot this year on the Meltwater Tour, which is part of a series from his chess games and events company Play Magnus. In July, Carlsen and dropped out of the tournament that determines the world championship, thus giving up his title, but he'll continue playing competitive chess in other formats. Lately he's also been getting into . Ka-ching!: Players at the FTX Crypto Cup will battle for $210,000 in prize money — the largest pot on this year's tour — plus an additional $100,000 tied to the price of bitcoin.Online, fans can open a crypto wallet and get a that will let them play games and win prizes. What they're saying: "Chess is a game open to everyone and anyone, much like blockchain technology, which provides financial opportunities to everyone from those on the institutional-scale to the unbanked," Sam Bankman-Fried, CEO and founder of crypto exchange company and the Miami tournament's sponsor FTX, . Get more local stories in your inbox with .Subscribe Support local journalism by becoming a member.

More Miami stories

No stories could be found Get a free daily digest of the most important news in your backyard with Axios Miami.Subscribe Support local journalism by becoming a member.