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In the end, the company went out on pay-per-view - its last event was their PPV in January of 2001, and the main event saw Jerry Lynn face a returning Rob Van Dam (who had taken a hiatus from the company because of contract disagreements) in the last great match of the promotion.(Incidentally, the show was held at the Hammerstein Ballroom in New York, the same building where the two pay-per-views were held.) Once the company officially declared bankruptcy, the WWF bought the promotion, getting all of its trademarks and its video library in the deal.This incident caused many fans to go silent as it happened, marking the first time even the ECW Mutants (as the fans came to be known) were left speechless.Fearing possible backlash, Raven was ordered to apologize for the act to the crowd.ECW presented a product for a more mature wrestling fan, giving them flawed heroes, deeper storylines, dramatic matches, and - oh, yeah, how could we forget - plenty of sex and violence.Their product was a stark contrast to the family-friendly comic-book superheroes of the WWF and WCW, as well as the highly-kayfabed style of the NWA.
ECW also brought back old-school technical wrestling and high-flying spot-wrestlers, and thus served as a big influence on Ring of Honor.At High Incident on October 26, ECW World Heavyweight Champion the Sandman defeated his former tag team partner 2 Cold Scorpio.After the match, Raven and members of his Nest, Stevie Richards, the Blue Meanie and Super Nova, crucified the Sandman, with a crown of barbed-wire instead of thorns.Along with the young hopefuls who would go on to become at least semi-stars (Stevie Richards, the Sandman, Chris Candido, later Tommy Dreamer, Sabu and the Tazmaniac), the promotion also featured many Ring Oldies, such as Jimmy Snuka (the first NWA ECW Heavyweight Champion), Terry Funk, Don Muraco and Ivan Koloff, as well as cameos by Davey Boy Smith, Jim "The Anvil" Neidhart, Nikolai Volkoff, Scott Hall, Sid, Rick Rude, Jake "The Snake" Roberts, Jerry "The King" Lawler and one of the final in-ring appearances of Kerry Von Erich.In 1994, the company was part of an NWA World Heavyweight Championship tournament that would crown a new champion.