The League of Legends World Championship exemplifies the global reach and fervent community of esports, with millions of fans tuning in both in-person and online. Despite this vast audience, esports organizations face significant challenges in monetizing their fanbase due to the complexities of managing multiple games, dependencies on external platforms, and the competitive landscape. Current monetization strategies revolve around esports tournaments, branded apparel, and entertainment partnerships, yet these often fall short of ensuring profitability. The burgeoning Web3 sector offers promising opportunities for esports organizations through blockchain technology and NFTs, which can enhance fan engagement, loyalty, and monetization. By integrating NFTs into their strategies, esports teams can create digital identities and loyalty programs, offering fans unique experiences and perks, while also potentially capitalizing on the emerging NFT gaming market. As the interplay between esports and Web3 gaming evolves, those organizations that adapt and innovate with these technologies are poised to lead the future of digital entertainment and community engagement.