Will Magnus Carlsen's refusal to defend world chess title devalue it?

Magnus Carlsen stated that he will not be defending his world championship.There's only one instance where a reigning world champion relinquished his title without playing: Bobby Fischer in 1975

World chess champion won't defend title because he 'does not

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Magnus Carlsen will not defend his World Chess Championship title

Neeraj Chopra qualifies for maiden World C'ships final with 88.39m

Magnus Carlsen Is Giving Up His World Title. Replacing Him Won't

Sergey Karjakin: Magnus Carlsen needs to invent something new in chess

Magnus Carlsen says he might not defend his world chess title

Magnus Carlsen says he has no 'inclination' to defend his world

Why is Magnus Carlsen not defending his title in 2023? - Quora

2022 Candidates Tournament (Madrid, Spain) - The Chess Drum

Why is Magnus Carlsen not defending his title in 2023? - Quora

carlsen: Lacking motivation, Carlsen not to defend title at 2023