Arcana Network price

XAR

#1774

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.

1) Web3 Authentication - Social Auth + much more 2) Gasless Transactions 3) SendIt: Send crypto via emails and a lot more releasing soon.

To begin with, Arcana launched the Auth SDK - an easy way for devs to onboard users and give them a non-custodial wallet. In other words, app users can use their email or social logins, and instantly get a secure, in-app wallet. No passwords, no seed phrases, no installations. 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.

Arcana's second product is Arcana Gasless, an ERC 4337 based solution that allows developers to sponsor gas fees for their users. This solution is in line with the popular trend of Account Abstraction.

Arcana's third and popular product is SendIt, the Paypal of Crypto. With SendIt, users can send crypto to an email address thereby simplifying crypto payments and making it accessible to everyone.

Arcana uses DKG, Threshold cryptography, proxy re-encryption, and other cutting edge cryptography to build its blockchain .

Arcana Auth has generation over 3M 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.