Fortnite's first competitive mode is Solo Showdown

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That's right, the players who top the leaderboards by the end of the event will get a share of a big prize pot.

Earlier this week, some very committed fans of Fortnite Battle Royale dug into the game's files and uncovered content that seemed to suggest that a competitive game mode is on the way.

Today, Epic Games announced Solo Showdown, a new game mode that is the latest Limited Time event to hit Fortnite Battle Royale. Instead, anyone who opts in to the event - only playable in Solo - will compete directly against other players. The best performers are rewarded with free V-Bucks, and a whopping 50,000 are up for grabs if you can secure first place.

Placements in this limited time mode will be specially tracked and determine rewards you receive at the end of the event.

"Unlike other LTMs, Solo Showdown will not change core gameplay of the current Solo mode", reads Epic's blog post.

If you're a frequent window shopper of the Fortnite in-game store, you'll know that those V-Bucks will go a long way in customizing characters with skins, emotes, back blings and more.

But the prizes aren't the most exciting thing about Solo Showdown. "We have a major announcement about competitive play next week!" They feel that a competitive mode is in the pipeline over at Epic Games.

Only your performances in your first 50 Solo Showdown matches will count towards your score and you need to complete at least 50 to be eligible for a prize.

The new folder only has a solo variant which might mean that Epic Games could only release a competitive solo first before expanding it to duos and squads. You'll need to be 16 or over to take part, and you'll need to play all 50 matches to be eligible for a prize.

Fortnite is available now in early access for iOS, PC, PlayStation 4, and Xbox One.