W3E announces a new Web3 Esports tournament series

In order to keep up the excitement around Web3 esports, W3E , the organizer that hosted the world’s first live Web3 esports tournament at Istanbul Blockchain Week 2022, recently announced a series of three tournaments: the W3E Creator Championships, the W3E Company Clash, and the W3E Premier League. Three tournaments will be held on Solana in the futuristic arena of EV.IO.

On Feb. 23, 2023, the W3E Creator Championships will bring together some of the most reputable content creators and Web3 personalities, including BoredElon, CryptoStache, and Cagyjan. Eight Web3 companies, including Ultra, Arcade, and XBorg, will compete in the W3E Company Clash on the following day.

Beginning March 9, 16 esports teams will compete in the W3E Premier League, a 15-week tournament with a point-based ranking system.

Following the rise and fall of play-to-earn games, many Web3 studios shifted their focus to developing competitive games in order to attract more hardcore gamers to Web3. With its intense and exciting battles, EV.IO has become a flagship title in esports Web3 gaming, developing an ever-growing audience.

Competitive Web2 games, such as League of Legends and PUBG, have millions of fans worldwide, attracting the best gamers with massive prize pools and spawning an entirely new business model based on games. Meanwhile, Web3-based games like Axie Infinity heralded a new era in gaming.

According to Metaverse Post, over $4 billion will be invested in Web3 gaming by 2022. With a 530 million audience and impressive sponsorships ranging from Coca-Cola and Red Bull to Audi and T-Mobile, esports may become the primary means of attracting new users to Web3.

While the Web3 esports scene is still in its early stages, the enthusiasm is palpable. Kyle Laffey, Theta Labs’ head of partnerships, stated:

“We are thrilled to be hosting the W3E tournament streams on our network. The excitement and participation for the W3E Championships event during Istanbul Blockchain Week was unprecedented, and we are thrilled to be a part of shaping the future of Web3 esports.”

With Web3 games still looking for a large audience and market fit, competitive games and esports could be the right industry to bring gamers on board. By providing familiar fast-paced gameplay, intense competition, and unique monetization models, esports can be an excellent way to attract new players into this rapidly growing ecosystem.

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