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

The first reactions of Carlsen's withdrawal from the WCC title

Magnus Carlsen may not defend chess world title due to lack of

Hou Yifan and the Wait for Chess's First Woman World Champion

Magnus Carlsen won't defend chess world title, lacking motivation

Garry Kasaparov: A Case for the Real World Champions (Winner of

Magnus Carlsen to give up world chess title because he's not

Magnus Carlsen may opt against world chess defence due to lack of

World champion chess player says he won't defend title

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

Aagaard, jacob & shaw, john experts vs the sicilian 2nd by Jose

Magnus Carlsen's Last Gambit - Rediff.com

Magnus Carlsen will not defend world chess title next year

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

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

What would happen if Carlsen doesn't defend his title?