Valve has just revealed that a $250,000 prize pool put together by the community is up for grabs at the 2014 EMS One Katowice CS:GO Championship. The event is also being sponsored in part by Intel and Asus.
Taking place inside the famous Spodek indoor stadium at the IEM in Katowice, the upcoming CS:GO tournament will follow the progress of DreamHack Winter 2013's eight quarter-finalists, who will be joined by eight qualifying teams from ESL's EMS One Online Qualifiers. The event's matches will be streamed live via continuous high-quality coverage provided by ESL, with the championship match showcased on the Intel Extreme Masters Main Stage in front of thousands of fans.

The CS:GO crowd-funding initiative began in August, 2013 with the release of The Arms Deal Update, which offers players in the community special in-game items. A portion of the sales revenue from those items is then placed into a tournament prize fund.

The cool thing about this is that this is now the second event funded by the Counter-Strike community through this program. The first was the 2013 DreamHack SteelSeries CS:GO Championship.