The Arena (ARENA)

SocialFi and Creator Monetization

The Arena is a next-generation SocialFi app built on Avalanche that helps content creators connect, engage, and earn money from their work. It combines social networking with crypto finance, allowing creators to monetize better than on traditional platforms.

User Engagement and Community Building

Users can discover and support new creators, trade tickets (shares), tip creators, and join exclusive communities. This creates a financial and social way to invest in favorite influencers.

Easy Onboarding and Accessibility

The Arena offers a simple login process that automatically creates a digital wallet, making it easy for users without prior crypto experience to join and participate.

Ecosystem and Growth

The platform targets both crypto-curious creators and mainstream audiences, aiming to expand beyond just crypto users by integrating multiple blockchain ecosystems like Solana and Ethereum alongside Avalanche.

For more details, visit The Arena website.

Pros

• The Arena is a next-generation social finance (SocialFi) app on Avalanche that helps content creators connect, engage, and earn more money than on traditional social platforms.
• It combines social networking with cryptocurrency financial features, allowing creators to monetize their content better.
• The token (ARENA) has shown strong recent price growth, outperforming many other cryptocurrencies.
• It has a growing and active community with increasing trading volume, indicating rising interest and liquidity.
• Users can support creators through tipping, trading shares (tickets), and joining exclusive communities.

Cons

• The Arena is still relatively new and ranked around #548 in market cap, so it may have less recognition compared to bigger crypto projects.
• Its price can be volatile, with notable fluctuations in short periods.
• As a niche SocialFi platform, its success depends on adoption by content creators and users.
• The circulating supply is large, which can affect price stability.
• Being on Avalanche means users need to be familiar with that blockchain ecosystem to fully engage.

For more details, visit The Arena’s official pages on CoinGecko or Crypto.com.

Founders of The Arena

The Arena was founded in 2023. It was rebuilt and acquired by a new team in November 2023 after near collapse. Specific individual founder names are not publicly detailed in available sources. The project focuses on being a SocialFi app on Avalanche, blending social media with web3 technology.

Investors in The Arena

• Venture Funds and Crypto Ecosystem Funds: Blizzard (Avalanche Ecosystem Fund), Abstract Ventures, D1 Ventures, Saron Funds, Alpha Crypto Capital
• Industry Leaders and Angels: Balaji Srinivasan, members of Ava Labs and Avalanche leadership, and angels with backgrounds from Galaxy Digital, Fenbushi, Republic, Espresso Systems, Efficient Frontier, and Dao5
• Ecosystem Partners: Teams from Trader Joe and Benqi

These investors support The Arena as a SocialFi app built on Avalanche, helping it grow and expand its reach in the crypto and creator economy space.

Halal Status of The Arena

• Yes or No: There is no specific, publicly available information confirming that The Arena is halal.
• Reason: Halal status depends on compliance with Islamic finance principles, such as avoiding interest (riba), excessive uncertainty (gharar), and unethical activities. Since The Arena is a social finance crypto token without explicit Shariah certification or clear compliance statements, its halal status cannot be confirmed from current sources.
• Note: Investors interested in halal crypto should look for tokens with clear Shariah compliance or certification.