Arcana Network

Industry: Information Technology & Services

Company Size: 11-50 employees

Founded: 2021

Arcana Network is a leading Chain Abstraction protocol powered by a modular Layer 1 blockchain. Our mission is to eliminate asset fragmentation and the friction of bridging between chains, offering a seamless, bridgeless, and near-instant experience for users.

Arcana's Chain Abstraction offers users a Unified Balance of their USDC, USDT, and ETH across multiple chains, allowing them to spend their entire balance on any chain instantly, without bridging. Available through Arcana Wallet, and SDKs for developers to enable Chain Abstraction in their apps.

Arcana’s other products include:

Arcana Auth SDK: A decentralized social login that instantly generates a secure, in-app wallet with no passwords or installations required. It is the fastest social login in web3, with a sub-3-second login time, and is free to use. Games and consumer apps widely use Auth SDK to simplify web3 user onboarding.

Arcana Gasless: Powered by ERC-4337, this account abstraction solution enables developers to sponsor gas fees for their users.

SendIt: A consumer app that redefines crypto payments by allowing users to send crypto to any email address, making transactions effortless and inclusive. Partnered with BNB and OKX.

Since its inception in 2021, Arcana has experienced rapid growth. Arcana Auth has generated over 4 million wallets with 5,000+ apps deployed, since its launch in February 2023. SendIt has onboarded over 500,000 users, who have completed more than 5 Million transactions, since August 2023.

Arcana has raised $4.5 million from leading investors and founders in the ecosystem including Balaji Srinivasan, the Founders of Polygon, Woodstock, Republic Crypto, Polygon Ventures, Digital Currency Group, Fenbushi, and 40+ investors.

Arcana’s native token, $XAR, had its Reg D public token sale on the Republic platform on November 29, 2023, and is now listed on Bybit, Gate, and MEXC.