The Wall Street Wolf is amazed by Chess.com, which completely changes the Western chess market using AI algorithms.

Renowned investment advisor and the prototype of the Wolf of Wall Street, Jordan Belfort, recently introduced Chess.com in his newsletter, and highly praised the success of this online chess game platform in transforming traditional chess into a large-scale online entertainment community, creating a global business value of billions of dollars. Erik Allebest, the founder of Chess.com, purchased the domain name Chess.com in 2005 with the original intention of establishing a community for chess enthusiasts to discuss chess skills and competitions online, without developing online games at that time. Twenty years later, Chess.com has accumulated 160 million users, 700 employees, and has received investment from General Atlantic of the Pacific Century Group (General Atlantic). Today, Chess.com has 60 million active users playing games and interacting online every month, and has developed into a business worth over a billion dollars. This article introduces how Chess.com markets chess and transforms traditional chess into a multifunctional online gaming community.

Introduction to Chess.com, a Western chess website

In 2005, Stanford Business School graduate Erik Allebest chose to start a chess business instead of finding a job after graduation. He believed that building a chess community was not just about selling chess boards, but about shaping a complete gaming experience. He bought the domain name Chess.com.