PUBG probably was the first popular PC game that was battle royale. Fortnite is currently most played battle royale
The closest that TF2 gets to a BR is its "deathmatch" or "elimination" mode, I don't remember the name, in which there is no respawning and the last person standing wins. However, this is very different from a BR; the maps are still tiny, there is no loot to upgrade your character, and there is no "circle", which is a wall of damage that shrinks to force the remaining players to move towards each other rather than staying put.
I can imagine this being pretty fun if, for example you could also perform some task (answer a trivia question, move the mouse through a maze, etc) that might affect others (such as blank their video feed for a few seconds, or flash it white, or apply a weird color filter). The attention and concentration might make people forget to not blink, and the altering off opponents visuals could throw them off as well.
Instead of two players competing head-to-head, you could have many players connected to the same page, all competing.