Arcana Network

Arcana Network

Chain Abstraction Protocol powered by a Modular L1. Spend your Unified Balance across chains, in 1-click.

Founded 2021 India

India 30 employees Seed Total: $2.68M Blockchain, Cloud Infrastructure +4

Arcana Network is a blockchain startup founded in 2019 in India. The company's mission, as reflected in its slogan, "Arcana is building a modular L1 to power Web3 abstractions and boost user experience," is to provide a modular L1 blockchain infrastructure that will empower developers to create Web3 abstractions and enhance user experience. The startup has made significant strides since its inception, launching three innovative products. The first, Auth SDK, is a decentralized social login tool designed to facilitate the creation of non-custodial wallets. With a login time of less than 3 seconds, Auth SDK is becoming the go-to solution for simplifying web3 user onboarding in games and consumer apps. The second product, Arcana Gasless, allows developers to sponsor gas fees for users through ERC-4337 Account Abstraction. Finally, SendIt is a consumer app that enables effortless and inclusive crypto payments using email addresses, and it has established partnerships with BNB and OKX. In terms of funding, Arcana Network has demonstrated its strong investor appeal, successfully raising $4.5M from over 40 notable investors, including Balaji S, Founders of Polygon, John Lilic, Santiago Roel, and prominent funds such as Woodstock, Republic, Fenbushi, Polygon Ventures, DCG, and others. The company's last investment was during the Seed Round on 10 January 2023, with Beacon as the lead investor. In terms of market presence, Arcana has partnered with industry pioneers, including Polygon, Avail, Linea, Saga, BNB, MultiversX, and Bitcoin L2s (Bitlayer, B² Network, Taproot). Furthermore, the company has undergone a successful public sale on Republic, and its native token, $XAR, is listed on platforms such as Bybit, Gate, and MEXC. Arcana Network's focus on improving user experience in Web3, combined with its strong investor backing and strategic partnerships, positions it as a compelling player in the blockchain, cybersecurity, and developer tools industries.

Funding Stage	Amount	Investors	Lead Investors	Date
Seed Round	Undisclosed	1	Beacon Accelerator	10 Jan 2023
Seed Round	$2.30M	9	Digital Currency Group, Fenbushi Capital +7	13 Oct 2021
Seed Round	$375.00K	-		14 Jul 2021

Funding Stage

Amount

Investors

Lead Investors

Date

Seed Round

Undisclosed

Beacon Accelerator

10 Jan 2023

Seed Round

$2.30M

Digital Currency Group, Fenbushi Capital +7

13 Oct 2021

Seed Round

$375.00K

14 Jul 2021

FAQ About Arcana Network

Chain Abstraction Protocol powered by a Modular L1. Spend your Unified Balance across chains, in 1-click.

Arcana Network was founded in 2021.

Arcana Network is headquartered in India.

Arcana Network operates in Blockchain, Cloud Infrastructure, Cyber Security, Developer Tools, Platforms and Privacy and Security. Its work centres on Crypto Currency, Decentralized Storage, User Experience and Non-Custodial Wallets.

Arcana Network has approximately 30 employees.

Arcana Network has completed 3 funding rounds, raising a total of $2.68M. The latest funding stage is Seed.

Top alternatives and competitors to Arcana Network include Groundhog, Tweed, Quasr, Magic Labs, Payy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Arcana Network and Groundhog are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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Funding Rounds & Investors (3)

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FAQ About Arcana Network