The Southeast-Asian-based campus gaming organization, AcadArena, announced a relaunch of its merit scholarship program for students ranging from their senior year of high school to college, with a new category given in just cryptocurrency. The organization said that it would be self-funding itself after securing a $3.5 million investment.
“True to our #NotJustPlay values, we want scholarships for gamers to be as normal and as frequent as joining a tournament,” said Kevin Hoang, the Co-CEO of AcadArena.
The scholarship program, titled AcadArena Scholarships & Aid, will retain categories for leaders, athletes, families, and more.
The full scholarship will be given in the form of USD Coin (USDC), which AcadArena describes as a cryptocurrency whose value is directly pegged to the U.S. dollar.
(All information was provided by ABS-CBN News)