According to Waya: Phoenix Group, a respected cryptocurrency company based in Abu Dhabi, has made a significant leap into Web3 gaming and entertainment by obtaining a 12.5% stake in Rekt Studios.

Elie Rizk, the Founder and CEO of Rekt Studios, views this collaboration as a decisive pivot for the gaming industry. Given Web3's inherent property of allowing users to own, manage, and monetize their online experiences, gamers can look forward to redefining their online presence in the gaming universe.