Arcana Network Partners with BeraChain
Arcana Network and BeraChain join forces to push boundaries of decentralized finance. Learn how their partnership aims to accelerate blockchain adoption and growth.
Arcana Network is forging deep partnerships with leading ecosystems and has garnered enormous support in making web3 effortless. We are excited to announce our partnership with BeraChain.
Berachain is a high-performance, EVM-compatible blockchain built on Proof-of-Liquidity consensus. The network rearchitects the traditional smart contract platform to a novel, Cosmos-native configuration.
Berachain is an EVM-compatible L1 blockchain built on top of the Cosmos-SDK that supports all the same tooling and adds additional functionality built into the chain that optimizes for proof-of-liquidity and typical abstracted use-cases (DEXs, Oracles, etc.).
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How does the collaboration help?
Berachain offers the liquidity and development community of Ethereum alongside the modularity and interoperability of Cosmos. Unlike traditional PoS chains where users must choose between staking their assets for security or providing liquidity, Berachain rehypothecates liquidity as security. The only way to earn the staking token of the network is by doing the work of providing liquidity. Their Goal is to create the first ecosystem that drives sustainable value to Dapps across the chain through emissions and powers them over the long term in a sustainable way.
This collaboration between Arcana Network and Berachain will allow all of Arcana's products to be available for developers building on Berachain. This means that Berachain builders will have access to Arcana's suite of tools, such as Arcana Auth for seamless user logins and web3 wallets, Arcana Gasless for frictionless Web3 transactions, and other upcoming tools.
By combining Arcana's user-friendly solutions with Berachain's focus on liquidity, this partnership aims to create a more accessible and efficient Web3 ecosystem. Developers on Berachain can leverage Arcana's products to improve the user experience of their applications while benefiting from Berachain's liquidity advantages.
This collaboration highlights the shared goal of both projects: making Web3 more accessible and user-friendly. By addressing challenges like user onboarding, complex user interfaces, and transaction costs, they are working towards fostering a more inclusive and welcoming environment for Web3 adoption.
About Arcana Network
Arcana is building a suite of products and services powered by a specialized Validium to boost user experience and significantly 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 most popular product is SendIt, the Paypal of Crypto. With SendIt, users can send crypto to an email address, simplifying crypto payments and making it accessible to everyone.
Arcana has raised 4.5Mn USD from 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!
Official Links: Website | Telegram | TG Announcement | Twitter | GitHub | Discord