NCsoft and Arena.net announced that the second global championship for Guild Wars will start on March 7, 2006. The Guild Wars Factions Championship (GWFC) series will feature three seasons of competitive play and tournaments. Each tournament season will consist of four weeks of competitive guild vs. guild (GvG) play that will culminate with a season-ending tournament for the top 16 guilds. Each guild that makes this final tournament will earn GWFC points as well as in-game and out-of-game prizes. GWFC points can be spent in each guild's attempt to earn one of five available invitations being offered to compete live at the Guild Wars Factions Championship in August 2006. Just like the recent GWWC event held in Taiwan, the guilds invited to the GWFC will compete for more than $100,000 cash and prizes. Press 'read more' for more details and check these new screenshots from Guild Wars Factions.