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

Odaily Planet Daily Report: The Arena, a social protocol in the Avalanche ecosystem, announced the completion of a $2 million Pre-Seed funding round. Investors include 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 quality partners in 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 the purchase of cryptocurrencies using credit cards. Additionally, 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.