Why We Invested in Thetan Arena
We are excited to announce our investment in Thetan Arena, the world’s first blockchain-based multiplayer online battle arena (MOBA) that allows players to gather their friends, form a team, battle with others and earn money with their skills.
What is Thetan Arena?
Thetan Arena is a blockchain-based MOBA game with an exciting and unique vision displayed through its gameplay, which comprises a stylish selection of futuristic cartoon-like characters called “Heroes” and teams brought together under a gripping Battle Royal theme.
The game is being developed by KardiaChain and Wolffun games, who raised an initial investment budget of 2.1 million USD for the project. . It is modelled on a widely successful MOBA originally developed and published by Wolffun Games called “Heroes Strike”, which has over 10 million downloads and won a Google Editor’s choice award.
Thetan Arena is More Than Just a Game.
The teams behind Thetan Arena are embarking on a journey to streamline an addictive e-sports game and a platform that connects crypto investors with gamers and streamers. Their main goal is to provide a social gaming experience that encapsulates a highly incentivized Play-2-Earn model powered by its native Thetan Coin ($THC), allowing users to access rewards and benefits in several different ways explained below.
As opposed to other blockchain-based games being developed, there is no obligation to invest in Thetan Arena as a user. Players can actually join the game and access a free character (Hero) to take part in battles and eventually accumulate enough $THC to sell on the market and upgrade their character.
Users can also jump right in from the start and invest $THC to open a Thetan Box and gain access to Premium Heroes which can be levelled up, strengthened, and used in various special events and battles to earn more $THC and $THG (Thetan Gems). Heroes can then be traded on the platform’s NFT marketplace.
The game is also open to investors who can invest in Thetan Arena assets such as Premium Heroes and generate yield by battling in the Arena. Moreover, players who have no financial investment can cooperate with such investors to make money by using their time & skills to optimize investors’ digital assets.
Lastly, the game’s structure also creates many opportunities for streamers who can stream games directly to popular platforms such as Facebook/Twitch/YouTube and Thetan Arena’s streaming system to receive rewards from stakeholders alongside the Thetan community.
Why We Invested?
Blockchain-based games with NFT marketplaces are being explored heavily at this present moment. There is a lot of optimism surrounding them and how they will revolutionize the way individuals and investors can access rewards, benefits and income streams in the cryptocurrency space.
Thetan Arena is a project that we are watching closely as we believe it has the power to become a major player in this industry due to its inclusive ecosystem that allows both paid and free users to participate, its innovative game features, rewards structure, social and competitive incentives, and overall gaming experience.
In addition to our investment in their project, we are communicating closely with the team to provide advice and assistance where necessary to help make their vision a reality.
About Thetan Arena
Thetan Arena ($THG) is a blockchain-based MOBA and Battle Royale game with many interesting and unique gameplay designs and in-game economics direction. We are focused on creating a massive social E-sport gaming experience with a highly incentivized Play-2-Earn model at its epicentre. Thetan Arena is incubated by KardiaChain and developed by the famous Vietnamese game studio, Wolffun; best known for their “Google Play Editors’ choice” mobile games, including Heroes’ Strike with an impressive metrics of over 10 million unique downloads.
About Master Ventures
Master Ventures is a blockchain-focused venture studio helping to build the next generation of blockchain-based Web 3.0 system innovations within the crypto industry. Launched in 2018 by Founder and CEO Kyle Chassé, the company’s ethos can best be summarized in the acronym #BeBOLD: Benevolent, Open, Love, Decentralized.
Master Ventures co-creates with entrepreneurs and businesses worldwide to turn the best ideas into innovative and disruptive products. They do this by investing as strategic partners through offering advisory services to the projects they believe in. To date, Master Ventures has invested in over 40 crypto projects, including the likes of Kraken, Coinbase, Bitfinex, Reef, DAO Maker, Mantra DAO, Thorchain, and Elrond.
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