Arcana Network

Arcana Network

Information Technology & Services

Bangalore, Karnataka 1,852 followers

Arcana is building a modular L1 to power Web3 Abstractions and boost user experience.

About us

Arcana Network is building a modular L1 to power chain abstractions and intents, helping developers significantly improve user experience in Web3. Since 2021, we've introduced three groundbreaking products. First up is Auth SDK, a decentralized social login to generate non-custodial Wallets. It is the fastest social login in web3, with a sub-3-second login time, and is free of cost. Auth SDK is widely used by games and consumer apps to simplify web3 user onboarding. Get a secure, in-app wallet, instantly, with no passwords or installations needed. Next, Arcana Gasless is based on ERC-4337 Account Abstraction and enables developers to sponsor gas fees for users. Our third product, SendIt, is a consumer app that redefines crypto payments by allowing users to send crypto to an email address, making transactions effortless and inclusive. Partnered with BNB and OKX. Arcana has raised $4.5M from 40+ leading investors including Balaji S, Founders of Polygon, John Lilic, Santiago Roel, and funds like Woodstock, Republic, Fenbushi, Polygon ventures, DCG, and others. Our public sale was on Republic, and our native token $XAR is listed on Bybit, Gate and MEXC. Arcana has partnered with industry pioneers such as Polygon, Avail, Linea, Saga, BNB, MultiversX, and Bitcoin L2s (Bitlayer, B² Network, Taproot).

Website
https://arcana.network
Industry
Information Technology & Services
Company size
11-50 employees
Headquarters
Bangalore, Karnataka
Type
Privately Held
Founded
2021
Specialties
Data privacy, Blockchain, Data Storage, Cyber Security, Access Management, KMS, Auth, Cloud, and Crypto Currency

Locations

Employees at Arcana Network

Updates

  • View organization page for Arcana Network, graphic

    1,852 followers

    🔗Chain Abstraction simplifies blockchain interactions by allowing developers to focus on building apps without dealing with the complexities of different blockchains or being limited to the constraints of a specific one. Let’s explore the benefits of Chain Abstraction for developers🧵👇 1️⃣Simplified Development Process •Devs can build their dApp on one blockchain while enabling seamless access to users from different blockchain ecosystems. •Chains are chosen based on their needs rather than availability of liquidity. 2️⃣Improved UX •Users can interact with dApps without needing to understand the underlying blockchain, leading to a more Web2-like experience. •Cross-Chain Transactions: Perform transactions across different chains without needing to manually bridge assets or switch chains. 3️⃣Cost Efficiency •Solvers front liquidity to users and then charge them a fee for fulfilling their orders, resulting in much lower costs compared to other cross-chain bridges. Across Protocol for example leverages UMA’s optimistic oracle to enable low-cost bridging. 4️⃣Liquidity Efficiency •Unified liquidity pools that aggregate liquidity from multiple blockchains. This reduces fragmentation and ensures that liquidity is accessible across various chains. •Solvers can serve multiple chains & ecosystems without locking up funds. 5️⃣Interoperability •Chain Signatures provide cryptographic proof that verifies and authenticates transactions across multiple blockchains, allowing seamless cross-chain compatibility. DApps can easily interact with multiple blockchains, enabling a wider range of user bases. 6️⃣Faster Time-to-Market •Many chain abstraction frameworks come with pre-configured components, which facilitate the storage and access of transaction data, intent frameworks to process transactions and gas fees, allowing devs to deploy dApps faster and abstracting away the complexities of multiple blockchains By leveraging Chain Abstraction, developers can build more robust, user-friendly, and versatile dApps, positioning themselves better in the competitive Web3 landscape💪 Join our waitlist to get early access to Arcana's Chain Abstraction Protocol 👉https://lnkd.in/gsAED75w

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  • View organization page for Arcana Network, graphic

    1,852 followers

    🙌We're excited to join forces with FraXn to elevate their UX! By integrating Arcana's Auth and Gasless solutions, FraXn is transforming the investment process, providing an exceptional user experience. Leveraging Arcana Auth SDK, users on FraXn can now sign in within 3 seconds using email, phone, or Google accounts. A secure non-custodial wallet is auto-generated, eliminating the hassle of handling passwords or seed phrases🔒✅ FraXn has also integrated Arcana Gasless to cover gas fees for its users. This makes investing more affordable and frictionless by removing the need for users to handle gas fees, thus improving cost-effectiveness and user retention🤝💸 📖Read more: https://lnkd.in/dZ_xijYb

  • Arcana Network reposted this

    View organization page for UniLend Finance, graphic

    3,148 followers

    June zoomed by in a flash!⚡️ 🔋UFT becomes Universal Gas Token, new integrations, collabs, dapps listings, and tons of updates! 📳Let's catch up on all the buzz! 📓Read the Blog for more details: https://bit.ly/3LcbYU6 💫 Major Highlights • Supercharging #UFT: One Token to Power All Blockchains🔋 🤝Collaborations & Integrations • UniLend V2 has now integrated Gate Web3 Wallet 🏦 • Welcomed Rivera into the ecosystem🌀 • SureYield joined the ecosystem 🌱 • Welcomed Habit Network into the ecosystem 🔱 • ContinuumDAO joined the ecosystem💠 • Welcomed aZen Protocol to the ecosystem❇️ 📊 Exchange & Aggregator Listings • UniLend V2's Permissionless Lending & Borrowing Dapp is now listed on Alchemy Dapp Store and Bitget Wallet Dapp Store🏪 📣 Community Outreach & Education • Finding Alpha Series on Binance LIVE episode on "Chain Abstraction" with Arcana Network , InvArch | Chain Abstraction 🌐, XION & Numa Chain!⛓️ • Geared up for Blast Exploration, the 1st Mission on Nomis's Quest Platform👨🚀 • Joined Intoverse for insightful panel discussion about AI and Web3🤖  • Held TG AMA with Crypto Planet 🎙️ • Released Learn with UniLend:Are Rollups the ultimate innovation in the blockchain space?🧑🏫 💪 Community Initiatives & Updates • CEO & Co-Founder Chandresh Aharwar exclusive AMA in our TG community💬 • Organised Summer Planet Hopping by Galxe & $100 in UFT Giveaway🪐 #crypto #cryptocurrency #defi #definews #blockchain #blockchainnews #web3 #web3community #unilendv2 #Unilend #uft #blockchaintechnology #ama #askmeanything

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Funding

Arcana Network 3 total rounds

Last Round

Seed

Investors

Beacon
See more info on crunchbase