Vietnam Pro Teams have announced that they will host the first ever Valorant LAN tournament, suitably named The 1st Championship. Eight teams will compete at the GameHome Ha Dong Cafe in Hanoi for their share of the event's 50,000,000 ₫ ($2,100~ USD) prizepool.
Eight teams will be split into two groups of four and will compete in a best-of-one round robin. The top two teams from each group will then advance to the playoffs and compete in a single elimination, best-of-three playoffs bracket.
The 50,000,000 ₫ ($2,100~ USD) prize pool will be allocated as detailed below:
- 1st: 20,000,000 ₫ ($860~ USD)
- 2nd: 10,000,000 ₫ ($430~ USD)
- 3rd-4th: 5,000,000 ₫ ($215~ USD)
- 5th-8th: 2,000,000 ₫ ($86~ USD)
The MVP of the tournament will also receive a 2,000,000 ₫ ($86~ USD) prize.