Arcana Network is excited to onboard its newest partner, Backed.fund, as we gear up for our Mainnet launch soon (watch out for the dates). Backed.fund is a platform that helps you invest in alternative assets via fractionating. Backed.fund’s mission is to make alternative investment opportunities accessible for everyone. Backed.fund is a super web3 use case with decentralization, transparency and tamper-proof at its core. Backed. fund provides rare, high-end, collectable assets, usually non-accessible to common folks. They provide investors with the necessary structure allowing owners to benefit from the value growth of the assets and safely store them. Additionally, backed.fund offers fractional investors NFTs and a marketplace to trade these NFTs.

How can Arcana Network help Backed.Fund?

Backed.fund aims to onboard non-web3 native users and provides them with access to high-end assets. To do this, Arcana Network’s auth SDK will help them by providing web2-like authentication solutions like social auth or passwordless auth via email. Arcana's auth will help them reduce friction and also onboard more users. Arcana Network will also offer a web wallet, which Backed.fund users can use to transact and sign transactions on the marketplace.
All these tools are super user-friendly and designed to reduce the learning curve for non-native web3 users while providing better security and privacy. Non-custodial wallets help users to have peace of mind without worrying about managing keys. Arcana network also uses an Ethereum provider interface; hence along with providing a better user experience, they also are secure. The web wallet can customize the UI by giving options like no UI mode or pop-up UI mode, thus allowing developers to choose the user experience per their use case. Along with Arcana’s product prowess, we are also committed to helping Backed.fund areas around product, growth and community building and helping them launch on Arcana’s Mainnet

Quote from Backed.Fund's CEO himself.

At Backed, we are building a web3 alternate investment platform to enable investment in alternate asset classes while offering asset-backed investment opportunities.
In addition, we wanted to make it easy for web2 and web3 investors to invest in these assets through us. For this, we are excited to work with and Integrate Arcana's social wallet authentication feature.

Vaibhav Thakur,
Co-founder and CEO of Backed

About Arcana Network

Arcana is Web3 infra for devs to launch and scale apps through its Auth, Store, and Access SDKs. Web3 apps use Arcana’s SDK to authenticate users with Social and Passwordless Auth and create non-custodial wallets, Store Encrypted/Unencrypted 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 Mainnet in December 2022. Want to know more about our Mainnet features? Book a demo.

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