Arcana is building Firebase of Web3. Arcana offers web3 infra for devs with its suite of plug and play SDKs to help developers build, launch, and scale almost any type of apps.
Arcana is a UX-focused Proof-of-Stake App-chain built to simplify Web3 UX and adoption
Who Are the Founders of Arcana Network?
Founded in 2021 by the CEO Mayur Relekar, and Co-founders Aravindh Kumar and Abhishek Chaudhary, Arcana Network aims to be the most developer-friendly platform, and gives developers the capability to build highly performant and user-friendly apps.
Mayur is a seasoned 3X entrepreneur and was the Chief Product Officer of a venture studio before starting Arcana. The founders have been building in the blockchain space across different verticals since 2018 and started Arcana from the problems they personally faced as Web3 developers.
Arcana's Products:
1) Web3 Authentication
2) Gasless Transactions
3) NFT Checkout
4) Token Gating and Access Control
5)
and a lot more releasing soon.
Arcana Auth is the first product to go live on Mainnet. With Arcana Auth, developers can simplify Web3 Authentication and improve user conversion rates by up to 90%. It is the fastest decentralized social login in web3 with a sub-5-second login time.
Web3 apps use Arcana Auth SDK to quickly onboard users through plug-and-play social login and passwordless email login. In addition, users are given an Arcana in-app non-custodial wallet to sign transactions and manage tokens/NFTs without installing plugins.
Arcana uses DKG, Threshold cryptography, proxy re-encryption, and other cutting edge cryptography to build its blockchain .
Arcana Auth has generation over 1M wallets since its launch in Feb 2023.
Private NFTs, Token Gating, Metaverses, DeFi protocols, Games, and Social Networks are some of the usecases that Arcana can power.
Arcana's B2C app SendIT allows any user to send crypto to another user with just their email ID. SendIT was launched in July 2023 and quickly gained 100,000 users in 3 weeks, and crossed 500,000 users in Oct 2023.
$XAR is the native utility token that will be used for ecomonic security of the Appchain, incentivise nodes and validators. It will also be used for staking and staking rewards. Arcana launched its Alpha Testnet in November of 2021, Beta Testnet in Sept 2022, and Mainnet on Feb 1st 2023.
$XAR RegD public token sale went live on Republic platform on Nov 29th 2023.
Arcana has raised 4Mn USD from some of the leading investors and founders in the ecosystem such as Balaji Srinivasan, Founders of Polygon, Polygon Ventures, Woodstock, Republic Crypto, Digital Currency Group, Fenbushi, and 40+ investors.