Arenum, the wildly successful gaming platform, is aiming to become the biggest player in esports by supercharging esports with the play-to-earn (P2E) concept.
The ARNM token was listed on HitBTC today, April 12, at 10 am UTC.
Even though the platform has achieved huge success in amassing a player base of more than 2 million, it certainly will be a challenge to lead the P2E revolution. The reason behind that is simple: Every innovation, no matter how beneficial it is, has those that oppose it.
There are always individuals that cling to the old ways and lobbies that act on behalf of those who have the most to lose, which is the case with triple-A game studios and companies that want to monopolize the gaming industry.
But it will be a losing battle for them, and it is just a matter of time until global adoption is facilitated, as the concept is just too good for gamers to pass up.
For the uninitiated, the P2E model allows gamers to earn while they play their favorite games. Therefore, it can be said with absolute certainty that the industry is close to a time where earning while playing games is completely normalized and an integral part of gamers’ lives.
So, one question remains: What exactly is Arenum — aside from a gaming platform?
Arenum: The cutting-edge mobile esports platform
The Arenum platform is an already developed gaming platform aiming to be fully integrated with crypto-based P2E mechanics and blockchain technology.
The platform is already fully operational, along with its legacy P2E mechanics. It currently offers gamers the ability to earn fiat currency by playing PubG Mobile, Call of Duty, Free Fire and Brawl Stars tournaments. With the crypto update that is coming, a multitude of games will be added, and more will follow afterward.
The list of new games is: 2048, Match 3, BoomBalls, Merge Master, Diamond Jump, Rise Up and Knife Hit.
These new games will consist of more shooters, multiplayer online battle arenas, bubbles and match-three mechanics, card duels and other types of games.
Potential users of the platform will be thrilled to know that the platform has more than 2 million users, which means there are plenty of tournaments being held every day.
On the other hand, something that will certainly pique the interest of crypto enthusiasts is the fact that all in-game currencies, tournament tickets and other assets that have already been earned will be transformed into Arenum’s utility tokens at the moment of the Arenum crypto update.
That means users can download the Arenum App today and start earning in-game assets that will then, in due time, be transformed into ARNM tokens.
By adding crypto to the Arenum platform, it will become possible to instantly payout winners, provide transparency of money flow and be completely censorship-resistant.
Considering Arenum already has a working product and a large user base ready to start earning crypto, its crypto-gaming platform release will certainly be one of the fastest successful deployments and adoptions of crypto-based P2E technology.
From a practical point of view, individuals can already earn crypto since all the assets will be transformed into ARNM tokens that will be utilizable or exchangeable via the Solana blockchain.
Ahead is more information about Arenum’s technology and game plan.
Cutting-edge technology for a new era in gaming
The team behind this extremely ambitious and successful project aims to create much more than a gaming platform; they are aiming to create a metaverse that will span across the gaming universe.
To facilitate the manifestation of this metaverse, the team has developed a nonfungible token (NFT) game that will provide players with more entertainment and more P2E mechanics.
Concisely put, the to-be-released NFT metagame is, in essence, a monster army auto-battler game. It is based on providing players with chests of cups when they win tournaments or achieve gaming feats in their favorite Arenum platform games.
Opening these chests of cups provides players with monsters that are represented by NFTs on the Solana blockchain. The goal of the game is to build and grow a monster army that can then battle other monster armies in the monster arena.
The best part about the game is, if a player wins, they earn ARNM that can then be turned into fiat if the gamer wishes to do so. Winning is determined both by the strengths of the opposing monster armies as well as random factors.
The mechanics of this game also allows other games that are not participating in the monster army battle to predict an outcome and win tokens.
All these mechanisms combined with the metagame itself will allow gamers of various gaming genres and games to come together and have exciting and fun moments while at the same time earning for investing their time and energy.
But this is only one cutting-edge aspect of Arenum’s new crypto platform, and the team certainly has more aces up their sleeves.
One such ace is Arenum’s open-source toolbox, which allows virtually any mobile game to be ported to the platform, whereby the developers of the game will be able to earn revenue together with gamers when the game is played.
Non-gamers stand to benefit greatly from the platform as well. Companies, projects, organizations and individuals will be able to sponsor tournaments that will allow them to relay their messages to the gamers while providing the gamers with the ability to earn ARNM tokens. To further clarify, there will be sponsored tournaments available everyday that will be sponsored by Arenum, as well as sponsored tournaments created by sponsors. This means the Arenum platform is independent of the need for sponsors. To operate, however, it will certainly boost the ecosystem if sponsors regularly partake in the ecosystem.
All participants of the ecosystem will be able to benefit immensely by staking Arenum tokens. While playing games and earning tokens via the platform is completely free and independent of the staking function, staking will certainly make sense for those that intend to use the platform often.
For example, staking tokens provides better chances to get rare monsters from cups or chests, while staking ARNM tokens to achieve the highest staking tier allows the staker to deploy their own game on the platform. Staking enough ARNM tokens for the highest staking tier also provides the staker, among other benefits, with an infinite-depth referral link that can potentially become a very lucrative source of income.
Wrapping all these technologies and mechanisms into a fully functional blockchain package requires a cutting-edge blockchain with immense throughput capabilities as well as advanced smart contract architecture. The Arenum team found these characteristics to be most prominent in the Solana blockchain, hence why the Solana blockchain has been integrated into the Arenum crypto model.
Solana and esports
Soon, the Arenum team will launch its ARNM tokens via a listing on HitBTC.com.
During initial decentralized exchange offerings on SolRazr, Infinite Launch, TrustPad and OccamRazer, the Arenum team has collected more than 12,000 addresses.
During a strategic and private round, Arenum attracted approximately $3 million in financing from these respectful backers:
- Kucoin Labs
- New Tribe Capital
- Kernel Ventures
- Pluto Digital Venture Capital
- Vendetta Capital
- Seven O’Clock Capital
- Oracle Investment Group
- And another 20 crypto funds.
This means gamers and crypto enthusiasts won’t have to wait much longer to finally take a crack at the go-to P2E platform that will certainly revolutionize gaming and take part in the normalization of both the P2E model and the normalization of cryptocurrency itself.
With the current crypto community of more than 60,000 members, Arenum is ready to launch with an easy way to GameFi, bringing mass adoption of crypto through mobile competitive gaming. The platform can only imagine the incredible ecosystem that can grow out of the foundation it has built.