After success in the open beta, Thetan Arena officially launched on the 27th of November. In a span of the first seven days, it accumulated a total of 3 million registered users. It’s since achieved #1 on App Store in 11 countries. At the time of writing Thetan Arena has more than 6 million registered users.
After the official launch Thetan Arena has been on quite a ride. The instant registration of millions of users is because the game is a rebadged version of the existing game “Heroes Strike”. It’s not surprising that given a play to earn platform, a large number of players from the previous game registered with Thetan Arena.
In addition to the millions of registrations, the first flash box sale returned an income to the game treasury of $27.97 million. On the 12th of December WolfFun announced they would use 100% of these funds to buy back their in-game cryptocurrencies, THG and THC to support the in-game economy.
THC and THG Price
While Thetan Arena has a lot of promise, the current price of THG and THC has diminished significantly. At the time of writing in the last seven days Thetan Arena (THG) and Thetan Coin (THC) were down 26.3% and 21.92% respectively. While WolfFun has announced a buyback, they are yet to announce specifics, and the community hasn’t yet seen the impact that the buyback will have. While WolfFun is a proven game studio and time will tell if they can create a self-sustaining crypto economy in the play to earn space.
What is Thetan Arena?
Check out our Thetan Arena Game Guide
Thetan Arena is a multiplayer online battle arena game, which everybody can play and enjoy. The game uses NFTs to give players ownership over game characters and certain items. It also features a free to play option without NFT. There are two tokens THC and THG. Players earn Thetan Coins through gameplay and can spend this on for example NFTs. In addition, Thetan Gem, which serves more as a governance token also has a function to upgrade characters in-game.
The competitive game officially launched in November on Android, iOS, and PC. Next up the project team plans to introduce cosmetics, hero staking, pets, and a rental system. Further in the future, we can expect features like guild wars, guild stores, integrated tournaments, and seasonal content.
The development team is very active, both in fixing bugs and on their socials. Visit the website or stay tuned to Play to Earn for the next update to learn more.
Thetan Arena Gameplay
The game launched with four different modes each of which has their own appeal. The types of games are:
- Battle Royale (Solo / Duo) – The last player(s) standing battle
- Tower Siege – Charge up and set your super robot on the enemy before they set theirs on you!
- Super Star – A capture the flag style game where you capture the star and then collect points
- Deathmatch – Four v Four playoff with the winner being the team with the most kills
There’s a Free to Play which enables you to earn but requires an extremely skilled player to do so. However, using a free to play character isn’t rewarded with THC for each battle. If players choose to purchase a character they can win THC for each successful game they play. The cheapest characters on the market currently sell for approximately USD 80.
A unique feature of this game is that purchased characters have a usable life. That means characters purchased will have a limited number of games they can be awarded THC. Players will not be rewarded after characters have exhausted their game limit. WolfFun states that this is so players will continue to buy characters and supports the treasury. The treasury is used to purchase THC and thus supports the game economy.