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Cryptocurrency News Articles
Arcana Network Launches the First Ever Chain Abstraction Wallet, Ushering a New Era of Multi-Chain Transactions
Nov 21, 2024 at 03:29 pm
Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction Protocol.
Dubai, United Arab Emirates, 21st November, Chainwire
Arcana Network, a leading Chain Abstraction Protocol, today announced the launch of the Arcana Wallet Beta on the Chrome Store. The wallet is the first Externally Owned Account (EOA) wallet to integrate Chain Abstraction, enabling users to seamlessly spend assets across Ethereum, Base, Polygon, Arbitrum, and Optimism networks, without the need for bridging.
The Arcana Wallet Beta offers a unified balance feature, allowing users to view and spend their assets held across multiple chains in just one click. This eliminates the fragmentation caused by multi-chain interactions and provides users with instant access to decentralized finance.
“At Arcana, we are dedicated to reimagining blockchain usability by abstracting the complexities that arise from multi-chain interactions. The Arcana Wallet is designed to deliver an intuitive and effortless experience, empowering users to engage with dApps across chains without encountering technical barriers,” said Mayur Relekar, Founder & CEO of Arcana Network.
Key Features of the Arcana Wallet:
Expanding dApp and Chain Compatibility
At its Beta launch, the Arcana Wallet supports popular dApps like Uniswap, Aave, Polymarket, Hyperliquid, and Jumper, with compatibility for additional applications and chains on the horizon.
From currently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, the protocol aims to scale support to +20 EVM and non-EVM L1s, L2s, and appchains. This will enable users to manage funds from any of the integrated networks, marking a significant step toward a unified blockchain ecosystem.
Arcana's Chain Abstraction SDK
To further support the developer community, Arcana Network will also be launching the Chain Abstraction SDK, which will allow developers to implement Arcana's Chain Abstraction features in their own dApps.
The SDK is designed to serve as a comprehensive toolkit for developers to build chainless user experiences and simplify blockchain interactions for end users, contributing to Arcana's vision of a unified Web3 UX.
Joining the Arcana Community
As the Arcana Wallet Beta progresses through its Testnet phase, feedback from users and partners will play a crucial role in shaping the next generation of blockchain interactions.
Users can download the Arcana Wallet from the Chrome Store and experience the power of Chain Abstraction firsthand: Arcana Wallet Chrome Store
About Arcana Network
Arcana Network is a Chain Abstraction Protocol, powered by an Appchain, on a mission to transform the Web3 UX.
Since its inception in 2021, Arcana Network has introduced products that make web3 effortless, boasting over 4 million wallets generated, 500,000 active users, and 6 million transactions to date. The upcoming Chain Abstraction Protocol, built on a Cosmos Appchain and powered by $XAR, is the next evolution in simplifying Web3.
$XAR is the utility token that captures protocol fees, secures the network, incentivises early adopters, and rewards resource providers.
Arcana Network's innovative technology is backed by prominent investors, including Balaji S., Polygon founders, John Lilic, Santiago Roel, and investment funds such as Woodstock, Fenbushi, Republic, Polygon Ventures, DCG, LD Capital and others.
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- Summary of key points
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