Sky Mavis announces $2.4M esports grant for Axie Infinity
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Sky Mavis today announced a $2.4 million esports grant to be paid out in various tournaments and invitationals.
The first official winner of a grant is Method MetaGuild.
Sky Mavis’ recent early access release of Axie Infinity: Origins, formerly named Axie Infinity: Origin, has provided an avenue to further develop and expand its esports initiatives.
The company will commit 160,000 AXS ($2.4 million) to be dispersed between Q4 2022 through Q2 2023. To date, Axie Infinity has enabled 94 tournaments through its grant program, which is designed to help the Axie competitive scene to thrive by spreading AXS across multiple regions and skill levels.
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The grant model will be broken down as follows:
Major Tournaments – will have the chance to giveaway ao $200,001 – $1,000,000 prize pool.
Large events with substantial prizing, robust online qualifiers, and a significant physical presence with a LAN final.
Minor Tournaments – $50,001 – $200,000 prize pool.
Smaller scale events with less prizing, some online qualifiers, and physical LAN finals in a smaller capacity.
Online Invitationals & Leagues – $10,000 – $50,000 prize pool.
Tournaments that are purely online with no physical presence, like leagues, cups, and invitationals that have some form of open qualifiers.
Local Tournaments – $1,000 – $9,999 prize pool.
The game will have regional, local amateur events for smaller organizers, scholarships, and emerging
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