W3E unveils $15,000 prize pool for Web3 esports event

promo image of web3 championship
Image credit: W3E

W3E, a Web3 esports and gaming expo, has unveiled a $15,000 (~£13,300) prize pool for its event in Istanbul, Turkey next month.

The tournament will take place on November 17th at the ESA Esports Arena during Istanbul Blockchain Week. The teams will compete in EV.io, a play-and-earn FPS title.

Moreover, besides the sizeable monetary prize, the winning team of the tournament will also get a physical trophy and a set of commemorative winners’ NFTs. It’s still unknown who will participate in the tournament, the release states that W3E has invited ‘top-ranked’ European and Turkish teams.

Alongside the esports tournament, W3E will also include game showcases, panels from Web3 developers and demo testing

Developed by Addicting Games, EV.io first launched in January 2021 and has been announced as the event’s league partner. The game is powered on the Solana blockchain. In addition, EV.io will produce W3E-branded skins and weapons for players to use during and after the tournament.

W3E is managed and overseen by Team Lead Damian Bartlett and Marketing Strategist Thang Phan. Bartlett is a former full-time gaming content creator, who has worked with the likes of EA, Ubisoft, Scopely as well as Web3 studios such as Splinterlands. On the other hand, Phan is an active gaming content creator on Twitch and YouTube and has also worked with popular esports organisations such as FaZe Clan and the Sentinels, in the past.

Erhan Korhaliller, founder and CEO of W3E and Istanbul Blockchain Week, commented on the event: “I am incredibly excited to be leading the team putting on the first ever live Web3 Esports tournament, alongside the first Web3 games expo. Web3 gaming is the next leap forward in this revolutionary technology.

“Watching it mature over the past few years has been incredible, but 2022 feels like the inflexion point. It is a privilege to have our contestants play EV.io, and I couldn’t be more proud to welcome the world to what will be a history-making event in this space.”

Radina Koutsafti
Radina has been a Freelance Journalist for Esports Insider since 2021. When not playing Apex Legends, she enjoys writing about tech, equality and education in esports.