Eve, the company behind the Eve V 2-in-1, has just announced a crowd-sourced gaming monitor. The 27-inch display will come in three variants: a 1440p display with a 144 Hz refresh rate, a 4K model with a 144 Hz refresh rate, and the world's first 1440p IPS panel with a 240 Hz refresh rate.

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You may remember Eve as the company behind the Eve V, a crowdsourced 2-in-1 that offered a Surface Pro-like experience at a much lower price tag. The company is back at it, although it’s targeting a new market this time around. It’s latest project? The Eve Spectrum, a fully crowd-sourced 27-inch gaming monitor that aims to offer an unbeatable product at a highly competitive price.

We’ve listed the specs at the bottom of this article, but suffice it to say that the Eve Spectrum looks fantastic on paper. The Eve Spectrum comes in three flavors, giving customers a choice that matches their budget. The monitor is available with a QHD (2560x1440) resolution at 144 Hz, a QHD resolution at 240 Hz, or a 4K resolution at 144 Hz. At press time, the Eve Spectrum is currently the only monitor in the world to offer a QHD IPS panel with a 240 Hz refresh rate.

Each tier uses an IPS panel with a 1 ms response time and is compatible with both G-Sync and FreeSync. All three monitors cover 98% of the DCIP3 color gamut. The first tier (QHD/144 Hz) is HDR400 certified, while the other two are HDR600 certified, making any choice excellent for content creation. All panels will be sourced from LG.

Regardless of the panel chosen, the Eve Spectrum boasts a bevy of ports as well: 2x USB-C (one of which delivers up to 100 Watts), 2x DisplayPort, 1x HDMI, 3x USB-A, an audio jack, and a USB-B port.

All of this is wrapped in a sleek chassis with thin bezels on the left, right, and top of the display. The monitor’s design is fairly understated compared to other gaming-focused displays on the market.

But how much with the Eve Spectrum cost? The base level monitor (QHD/144 Hz) will run US $349, the middle tier display (QHD/240 Hz) will be priced at $489, and the 4K/144 Hz model can be purchased for $589. It’s important to note that Eve has decided to sell the Spectrum’s stand separately for $99, though this decision was made based on community feedback. Per Eve, 46.6% of their community members use a separate VESA mount. As such, the Spectrum will also be compatible with 100x100 VESA mounts.

It should also be noted that Eve has only promised these prices for the first 500 units sold. After that initial run, the price of each Spectrum model will be increased to accommodate a broader distribution channel. On the plus side, Eve is planning on selling the Spectrum through major retailers worldwide, those these haven’t yet been disclosed.

Speaking to the tiered pricing structure, Eve states that they opted to raise the price for the Spectrum after the launch of the first batch to better improve the increasing scale of manufacturing, marketing, and selling the monitor. Eve is able to sell its primary stock of Spectrums at a lower price because of the reduced cost needed for the initial run. After sales ramp up, the additional costs of support, manufacture, marketing, and sales necessitate a higher price tag on subsequent shipments. Considering how likely it is that Eve is selling the initial batch of Spectrum monitors with razor thin margins (if not at a loss), this tiered pricing structure makes a bit more sense.

What do you think of the Eve Spectrum? Will this shake up the gaming monitor market or fall flat? Let us know in the comments below.

EDIT: This article has been edited to clarify that Spectrum is the first 1440p/240 Hz monitor with an IPS panel. It should also be noted that it is currently the only known 1440p/240 Hz IPS display that has been announced at press time. If you know of any other such monitors, let us know in the comments and we will update this piece accordingly.