Social protocol The Arena completes $2 million Pre-Seed round of financing, with participation from Avalanche Ecosystem Fund and others

The Arena, an Avalanche ecosystem social protocol, announced the completion of a $2 million Pre-Seed round of financing, with participation from Blizzard (Avalanche Ecosystem Fund), Ava Labs and Avalanche leadership team members, 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 an Avalanche-based social hub, The Arena also welcomes participation from high-quality partners in its ecosystem, including Trader Joe and the Benqi team. To provide a frictionless payment experience, The Arena is leveraging its partnership with Stripe to support the purchase of cryptocurrencies with credit cards. In addition, in order to reach the largest possible creator market, The Arena plans to expand its login options beyond X to include Instagram, TikTok, and Reddit, and will launch a mobile app.