The Arena, a social protocol in the Avalanche ecosystem, has completed a $2 million Pre-Seed funding round, with participation from Blizzard (Avalanche ecosystem fund), Ava Labs, Avalanche leadership team members, Balaji Srinivasan, Abstract Ventures, D1 Ventures, Saron Funds, Alpha Crypto Capital, and other angel investors. The Arena is a social hub built on Avalanche that also welcomes participation from partners within its ecosystem. To provide a seamless payment experience, The Arena has partnered with Stripe to support purchasing cryptocurrency with credit cards. Additionally, The Arena plans to expand its login options to include Instagram, TikTok, and Reddit, and is set to launch a mobile application.

Odaily Planet Daily reported that The Arena, a social protocol in the Avalanche ecosystem, has completed a $2 million Pre-Seed funding round. The funding was participated in by Blizzard (Avalanche ecosystem fund), Ava Labs, members of the Avalanche leadership team, Balaji Srinivasan, Abstract Ventures, D1 Ventures, Saron Funds, Alpha Crypto Capital, and other angel investors from Galaxy Digital, Fenbushi, Republic, Espresso Systems, Efficient Frontier, and Dao5.

As a social hub based on Avalanche, The Arena also welcomes participation from high-quality partners within its ecosystem, including the Trader Joe and Benqi teams.

To provide a frictionless payment experience, The Arena is leveraging its partnership with Stripe to support credit card purchases of cryptocurrencies. Furthermore, to reach as large a creator market as possible, The Arena plans to expand its login options beyond X to include Instagram, TikTok, and Reddit, and will launch a mobile application.

The social protocol The Arena has completed a $2 million Pre-Seed funding round, with participation from the Avalanche Eco Fund and others.