Arcana Closes Strategic Round of $2.3 Million from Leading Investors to Deepen its Penetration into Web 3 Ecosystem

Arcana Closes Strategic Round of $2.3 Million from Leading Investors to Deepen its Penetration into Web 3 Ecosystem


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

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