Dapper Labs’ new experimental title, Cheeze Wizards, has concluded its first tournament with the winner receiving 700.6 Ethereum (ETH), worth roughly $104,000.

According to the announcement, Wizard #4845, owned by B1ackKett1e, rose to the top of the pool of 6,107 Wizards to take home the Big Cheese, the tournament’s grand prize.

Unsurprisingly, the TK party, the group with Wizard #4845, had the most Wizard power by the end of the tournament, earning both the Party Prize and the Last Kitty Standing Prize for a total of 87.5 ETH divided among the 53 members.

Notably, the tournament’s contract paid $102K worth of the prize money directly to the winner’s wallet for $0.0038 in fees, showing the potential of blockchain and esports, with quick and inexpensive payouts to tournament winners.

You can visit this link to watch the final duel that decided the tournament’s winner.

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.