The Counter-Strike: Global Offensive community has managed to raise $250,000 for the ESL One Cologne 2014 prize pool.
Taking place at Gamescom 2014 in Cologne, Germany, the upcoming CS:GO tournament will feature 16 teams - the eight quarter-finalists from EMS One Katowice (held earlier this year) and eight teams from online regional qualifiers. The event's matches will be streamed live by ESL.

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.

Through this initiative the Counter-Strike community has funded three events, each among the largest cash awards in Counter-Strike's history. The previous two community-sponsored events, the 2013 DreamHack SteelSeries CS:GO Championship and the 2014 EMS One Katowice CS:GO Championship, have also generated record-breaking viewing audiences with the latter event reaching over 240,000 concurrent viewers for the grand final.

It's not quite the $9,691,894 prize pool that The International is sitting at for Dota 2, but it's still a very impressive figure. You can find out more about either the Arms Deal Update for CS:GO or the ESL One Cologne 2014 tournament.