Arcana Network Partners with the Decentralized Platform for DeFi & Crypto Payments– Fuse
We’re excited to announce our partnership with Fuse, the web3 infra for supporting DeFi and crypto payments.
As a part of our efforts to catalyze the Privacy Big Bang, we’ve partnered with Fuse and are supporting their users by providing our decentralized storage and Privacy Stack. Before we move onto the details of the partnership, here’s a brief overview of Fuse:
At its core, Fuse is a decentralized, blockchain-based platform that aims to make crypto payments and DeFi easily accessible. Fuse helps projects, businesses, and enterprises at large to adopt crypto payments by offering mobile-first tools to create and manage token-powered environments. The project’s main goal is to make fast, seamless payments accessible to people across the world. At a juncture where smartphone penetration and internet usage is huge, crypto payment systems can be a viable alternative to transacting in fiat currencies (some of which are highly unstable).
Fuse helps builders create community-based crypto payment systems and other DeFi applications.
The Fuse platform comprises the Fuse Network blockchain, a mobile-centric open-source tech stack, and a set of reference DeFi products and tools (aimed at accelerating initial adoption of the platform). Fuse also has its native token known as “FUSE” which is being traded across crypto exchanges.
- Fuse will list Arcana Network on its official docs as a service provider for decentralized storage, onchain access management, and authentication for social signups and passwordless magic links to users and clients on its platform.
- Arcana Network will in turn share Fuse’s offerings with relevant projects and developers that may be in need of the services offered by Fuse.
- Both Arcana and Fuse will collaborate on hosting hackathons in the near future.
As a result of this strategic partnership, web3 projects and developers looking to build crypto payment systems and DeFi platforms will benefit from truly decentralized services offered by Fuse and Arcana.
While Fuse will provide devs with its platform comprising an EVM-compatible blockchain and mobile-centric open-source technology stack, Arcana will provide decentralized storage and its Privacy Stack.
Our partnership with Fuse will help Projects looking to build crypto payment ecosystems now utilize Arcana’s Auth, storage, and access to bring seamless privacy to their users. Fuse will help the next generation of developers building open systems and we are excited to help them.
- Aravindh Kumar, Co-founder, Arcana Network
If blockchain technology and Web3 are to fulfill their promise, they need to become a lot more accessible to users and developers alike. Fuse has been animated by this realization in its quest to popularize crypto payments, and we are excited to join forces with a project working to achieve the same goals for decentralized data handling.
- Mark Smargon, CEO and Founder at Fuse
Fuse is a platform featuring a fast and low-cost, Ethereum-compatible layer-1 blockchain, a robust plug-and-play mobile-centric crypto payments infrastructure for creating token-based applications and a rapidly growing ecosystem of payments, decentralized finance and NFT projects.
About Arcana Network
Arcana is the Web3 Infra to manage your data layer. Web3 App and wallet developers use Arcana’s SDK to authenticate users by generating wallets with Social and Passwordless Auth, Store Encrypted Data, and Manage Access. Built for Ethereum and EVM based chains, with Arcana’s privacy stack, developers can build secure and privacy-preserving apps with a seamless user experience.
Arcana has raised 2.7Mn USD from some of the leading investors and founders in the ecosystem such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, and Digital Currency Group.
Watch out for Arcana’s upcoming Testnet and Mainnet in 2022.