Arcana Network Expands to MultiversX

The digital landscape is rapidly evolving, and at Arcana Network, we are dedicated to continuously pushing boundaries. That's why we're excited to announce our strategic partnership with MultiversX, a pioneering force in distributed blockchain networks, aimed at revolutionizing the landscape of next-gen applications.

MultiversX stands at the forefront of blockchain innovation, offering a comprehensive solution designed to be secure, efficient, scalable, and interoperable. With a focus on Adaptive State Sharding and a Secure Proof of Stake consensus mechanism, MultiversX provides developers, the wider public, and enterprises with a robust infrastructure to create decentralized applications, access the digital economy, and optimize operational efficiencies.

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‍How are we collaborating?

‍As part of our commitment to enhancing the user experience and fostering interoperability, we have expanded our support to include the MultiversX blockchain. This strategic partnership allows developers utilizing MultiversX's distributed network to seamlessly integrate Arcana Auth into their Web3 applications.

Arcana Auth, powered by Asynchronous Distributed Key Generation (DKG), streamlines user onboarding with social login capabilities, ensuring security and control over non-custodial wallets, thus fostering wider adoption and engagement within the ecosystem. On the other hand, MultiversX, with its distributed blockchain network boasting over 3,000 nodes, offers scalability through sharding, ensuring fast, secure, and sustainable transactions. This collaboration empowers developers on MultiversX to leverage Arcana Auth's capabilities, enhancing user interaction and retention within their applications.

"Our partnership with MultiversX signifies a significant milestone in our journey towards creating a more connected and inclusive blockchain ecosystem,"
says Mayur Relekar, Co-Founder at Arcana Network. "By expanding our supported blockchains to include MultiversX, we're not only enhancing our network of partners and customers but also empowering developers to leverage our tools and services for their innovative projects."‍

Quote from MultiversX

The MultiversX blockchain boasts a fully sharded architecture, offering scalability and the ability to process tens of thousands of transactions per second, enabling developers to launch decentralized applications using smart contracts efficiently. MultiversX encompasses the drive to explore new frontiers and deploy the building blocks on which emerging technologies, including blockchain, fintech, the Metaverse, and AI, can achieve their full potential.

‍“First forms of account abstraction have been introduced natively on MultiversX in 2021. There is still work to do to make these flows easily available to builders, and we think Arcana can definitely help with that. Looking forward to seeing their solution integrated across the ecosystem." said Daniel Serb, Head of Business Development at MultiversX Foundation.

Our collaboration with MultiversX opens up a world of possibilities for developers, businesses, and users alike. With seamless integration and enhanced functionality, developers can unlock the full potential of their applications, while businesses benefit from increased efficiency, security, and scalability.

About Arcana Network

‍‍Arcana is building a suite of products and services powered by a specialized Validium to significantly boost user experience and make your web3 journey effortless. Arcana has so far launched 3 key products since 2021. 

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. 

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 has raised 4.5Mn USD from some of the leading investors and founders in the ecosystem, such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, Fenbushi, Digital Currency Group, and more. Arcana is launching its native token XAR in April 2024!