But the world is not as it was, and people of all ages have discovered that it is actually possible! How? The most obvious answer would be to join tournaments. Just like in any sport, amateur and professional gamers compete against each other to win the prize money and other additional items, both virtual and physical.
But is that the be-all and end-all of how to earn from gaming? Phantom Arena has gone BEYOND that and introduced the concept of game finance or GameFi.
Phantom Arena is the Grab/Uber of Game Finance
In early 2024, a new player entered the realm of game finance. Phantom Arena is a blockchain PVP game that “provides up to 50 players with the opportunity to engage in real-time battles within the selected arena. Players compete for the supreme position to achieve top rankings and win enticing rewards.”
According to Phantom Arena CEO Alan Hung, “Phantom Arena is a pioneering platform in today’s crypto landscape, designed to empower Web3 users worldwide. It serves as a comprehensive, ready-to-deploy ecosystem aimed at supporting projects facing challenges with utility and community engagement.
Our goal is to establish a new standard within the GameFi sector and collaborate with crypto enthusiasts to enhance the overall quality of the crypto environment.”
Grab and Uber are the industry leaders when it comes to ridesharing, not just in the Philippines but all over the world. While there are many riding apps in the market, nothing beats them in popularity. Despite being a new player in the market, Phantom Arena has been able to position itself as such with tournaments and networking events organized in multiple places all over the world.
Here in the Philippines, when we want to book a ride, top of mind we think Grab. In the realm of game finance, that name would be Phantom Arena.
I confess, just like many Gen-Xers, I have many reservations about cryptocurrency, mostly because of a lack of knowledge about it. Currency being something other than dollar, peso, or any other regular country currency is scary! But then, after doing some research and talking to some people who invest in cryptocurrency have made me open it.
A solution born out of necessity and ingenuity
The pandemic resulted in many suffering from mental health issues and aggression due to enforced confinement and the inability to socialize normally. This meant that interaction was limited to a virtual space. Phantom Arena provides an outlet for users to express their aggression in a safe space while having the opportunity to earn money at the same time.
Which leads to the question of “how do you earn money from playing this game”? Watch out for the details in the next article.
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