According to TechFlow, the Avalanche social protocol The Arena announced the launch of Arena V2 Beta, and $ARENA is also about to be launched. V2 Beta will provide the first governance vote of the Arena subnet, public API access, new discovery algorithms, direct messaging functions, reduced total fees to 7.5%, message feedback in private chats, expanded login options (Instagram, TikTok, Reddit), expanded reward options, legal currency entry, social exchanges, direct NFT casting, new wallet solutions, and Arena groups. These new features will provide new tools for existing communities (Meme coins, NFTs) and launch new communities.