Thetan Arena is a "Play-to-Earn" game developed by the Vietnamese game studio Wolffun Game and legally operated by Wolffun Pte. Ltd. Launched in November 2021, the game combines traditional MOBA gameplay with blockchain technology, allowing players to own, trade, and upgrade in-game characters as NFTs. The business model revolves around its dual-token economy ($THC and $THG), where players can earn cryptocurrency through gameplay, which can then be traded on open markets. The company's mission is to create an accessible and engaging GameFi experience that bridges the gap between traditional gaming and the crypto space.