Blockchain firm Arcana Network has closed its latest round with a staggering $2.3 million funding from leading investors in the blockchain and crypto space. Arcana is a decentralized storage layer for DApps on Ethereum and other EVM compatible chains. The decentralized storage protocol received funding from several investors, some of which led at the strategic round. These include Republic Crypto headed by Kendrick Nguyen as the CEO, and another VC Woodstock Fund. Other investors that participated in the round include Digital Currency Group (DCG), Hyperedge, Sahil Lavingia’s shl.vc, Fenbushi Capital, LD Capital, and Paradigm Shift VC. Arcana Raises $375k from Republic Crypto, Coinbase Former CTO and Others at Seed Round During its seed round that was closed in July, Arcana raised up to $375k from several high-profile investors such as former Coinbase CTO Balaji Srinivasan, Sandeep Nailwal and JD Kanani, Founders of Polygon (formerly Matic), and Kendrick Nguyen, Founder & CEO of Republic. Arcana’s $2.3 million fundraise in the latest (strategic) round also witnessed participation from investors Ganesh Swami, CEO of Covalent, Ajeet Khurana, Builders Tribe, Nishal Shetty of WazirX, and Ajit Tripathi from Aave, along with Arcana’s seed investors Arcanum Capital. With the fresh capital at its disposal, Arcana is aiming for the zenith alongside its solutions-based products such as Skizzle which allows for transfer of...
