AuctionX Integrates Arcana Auth for Effortless Web3 Auctions

Our mission to make Web3 effortless and user-friendly continues as we forge strong partnerships with new innovative projects. We're excited to reveal our latest collaboration and integration with AuctionX, helping them revolutionize auctions with blockchain technology.

AuctionX is an infrastructure layer for decentralized auctions in Web 3.0. It offers a Unified Auction Protocol with Programmable Auction Templates. Think of AuctionX as an "Auction-as-a-service" infrastructure. It enables the creation of white-labeled auction platforms for various industries and use cases. The auctions hosted on AuctionX can cater to digital goods, NFTs, RWAs, experiences, tokens, and a lot more. 

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How Arcana enhances AuctionX

AuctionX aims to launch branded Auction Houses that attract a vast number of users and bidders, many of whom might not be familiar with web3 technology. To eliminate web3 complexities and offer a seamless user experience, AuctionX has integrated Arcana Auth SDK, enabling smooth access for web2 users to navigate the web3 infrastructure effortlessly.

Arcana Auth enables AuctionX to integrate social logins and passwordless authentication, eliminating the need for users to navigate complex registration procedures. The authentication process occurs via an OTP sent to the user's email, which triggers the creation of a secure non-custodial wallet for the end user. With Auth SDK, users can sign up using their email or Twitter account and gain access to their newly created wallet in under 3 seconds, ensuring both security and accessibility.

We are committed to making web3 more accessible and revolutionizing the auction industry with cutting-edge blockchain technology. Stay tuned for more updates on this exciting collaboration!

Quote from AuctionX and Arcana

“Partnering with Arcana Network is a significant step for AuctionX. This collaboration solves our bottleneck of establishing a seamless – smooth onboarding mechanism for bidders on AuctionX-powered auction houses. It enhances our platform's user experience and security, making the platform much more accessible and simple. Thanks to Arcana – they are easing out the transition of Web2 world to Web3.” –Pratik Jain, CoFounder of AuctionX.

“Arcana is excited to partner with AuctionX in transforming the auction landscape with our Auth SDK. By simplifying the user onboarding and enhancing security, we aim to make web3 more inclusive and efficient.” –Aravindh Kumar, Co-founder of Arcana Network.

About Arcana Network‍

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. Games and consumer apps widely use auth SDK 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. SendIt has 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.

Official Links:  Website | Telegram | Twitter | GitHub | Discord