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

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

Magnus Carlsen not to defend his World Championship title, Ding

An Unmotivated Magnus Carlsen Will Give Up World Chess Title - The

Has Magnus Carlsen checkmated himself? – DW – 12/27/2022

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

Magnus Carlsen says he might not defend his world chess title

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

Magnus Carlsen will NOT defend title! - The Chess Drum

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