arcana

ChainCatcher news, according to The Block, the modular blockchain infrastructure project Avail has officially completed the strategic acquisition of the chain abstraction protocol Arcana. According to the integration plan, all XAR tokens will be exchanged for AVAIL tokens at a ratio of 4:1, and Arcana's core technological tools will be fully integrated into the Avail tech stack, with its core development team also joining the Avail project.Regarding the token unlocking mechanism, the AVAIL tokens obtained through the exchange will have a linear unlocking period of 6 to 12 months, while the tokens held by the original Arcana team will have a unlocking arrangement of up to 3 years.

ChainCatcher news, the Web3 shooting game Farcana announced that in the past three weeks, it has been working with market makers to increase liquidity. Today, it learned that one of the market makers may have been attacked, leading to a loan they provided being sold on the market. Farcana is in contact with exchanges and other market makers to stop this action. As of the time of writing, on-chain indicators show that the market value of the tokens available for sale is between $60,000 and $80,000.Farcana stated that it has not been hacked, wallets have not been compromised, and the FAR smart contract has not suffered any attacks.

ChainCatcher news, the blockchain gaming studio Farcana stated on social media that one of its FAR wallets was hacked, and the team is currently working to resolve the vulnerability and ensure the safety of user assets. Additionally, all CEX deposits will be frozen until the issue is resolved. Users are advised to avoid any transactions involving FAR assets until further notice.According to the Web3 asset data platform RootData, Farcana completed a $10 million seed round financing in December 2023, with participation from Animoca Brands and others.

ChainCatcher news, according to Decrypt, the Web3 storage and privacy protocol Arcana Network has announced the launch of the on-chain abstract Chain Abstraction protocol, aimed at eliminating the complexity of managing assets and gas fees across multiple blockchains.It is reported that the protocol can provide wallet-as-a-service through a simple SDK and utilize the Gasless SDK to seamlessly handle gas fees.

ChainCatcher news, according to Decrypt, the UAE-based game studio Farcana has raised $10 million in seed funding from investors including Animoca Brands, Polygon Ventures, and Fenbushi Capital to further develop its third-person multiplayer shooter game Farcana. Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in this round of financing.It is reported that Farcana shares some similarities in game style with Blizzard's Overwatch, but features smaller maps with walls, and game modes reminiscent of Riot Games' Valorant. The story of Farcana is set in a near-future world where humanity has left Earth for Mars, where they discover a substance called Axelar that grants superpowers. Farcana plans to offer features such as competitions where players can earn Bitcoin, rewarding the top 10% of players. All items in the game will exist as NFTs, and Farcana will use the FAR token for all transactions.

ChainCatcher news, UAE-based blockchain gaming studio Farcana has received a strategic investment from Animoca Brands. The specific amount of the investment has not been disclosed, and most of the new funds will be used to enhance Farcana's beta release and development within the Bitcoin ecosystem, with plans to launch tokens and the full game early next year. Animoca Brands stated that the strategic investment in Farcana is part of Animoca Brands' vision to promote Web3 development in the Middle East and North Africa.