"Magnus carlsen gives away his title, what does this mean?"
It means magnus carlsen is not going to be officially "world champion" for much longer.
The title is a reference with a big meaning to the future of chess, like how will things be? Will magnus just be regarded #1 despite not being wcc?
Well, #1 is #1. He was #1 also before winning the title.
"Magnus carlsen gives away his title, what does this mean?"
It means magnus carlsen is not going to be officially "world champion" for much longer.
The title is a reference with a big meaning to the future of chess, like how will things be? Will magnus just be regarded #1 despite not being wcc? Will he play at candidates, become world champion and give it again like what does this mean for the chess world as a whole