This article was passed to me via a good friend of mine with FaZe known as @FaZeZephyr (twitter) - Being a gamer and in the industry myself, this is HUGE expecially getting a big game like CS:GO into the cryptocurrency game. I'll have to look into Level Up Coin (LUC).

Here are some quotes from the article:

The tournament will be held in Minsk, Belarus, on February 25th, where eight teams will battle it out to see who has the sharpest reflexes and tightest team strategy. Winners are set to receive a $100,000 reward for first place in the form of cryptocurrency.

The prize money, however, will not come in the form of Bitcoin or Ethereum. Rather, winners will receive Play2Live’s own cryptocurrency, Level Up Coin (LUC).

Play2Live itself aims to become a “full-blown ecosystem for eSports” by focusing on content generation and the “practical needs of streamers.” It also aims to provide a way for everyone involved in the eSports community to get paid, from tournament organizers to the viewers themselves, via blockchain technology.

Alexey Burdyko, CEO and founder at Play2Live, believes the tournament, which will be broadcast by Play2Live in seven languages, is a milestone towards the successful marriage of competitive gaming and blockchain technology, stating:

And we are even more excited to host the world’s first ever esport tournament with crypto prize: an event, that will become a milestone in further integration of the blockchain technology into gaming industry.

If successful, we may see more and more eSports tournaments award cryptocurrency instead of cash—as well as more integration between competitive gaming, live streaming, and blockchain technology.

Credit: http://bitcoinist.com/csgo-tournament-award-top-prize-crypto/