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NFT Wallet and Marketplace Provider Arkane Network Rebranded to Venly

Venly focuses on the blockchain gaming sector and everything associated with it, including metaverses, sports, game art, avatars, and so on.

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Arkane Network, a multi-blockchain NFT marketplace and wallet solution that can be linked into any app, has rebranded to Venly.

The change puts the project, which was formerly known as Arkane Network, as a blockchain technology provider with wallet services, an NFT marketplace, developer APIs, and other NFT tools.

The initiative raised €1.55 million in April. Venly (formerly Arkane Network) is now expanding and hiring for a variety of positions.

“Today is a watershed moment for Arkane Network. We’re thrilled to announce that we’re changing our name to Venly and enhancing our position as a blockchain technology vendor. More will be required to complete our mission. That’s why we just funded over €2 million to keep developing our products, gaining users, and, of course, expanding our staff of blockchain engineers and business development. We also intend to invest more in end users with our new brand, establishing ourselves as a valued partner and product in both B2B and B2C.”

— Tim Dierckxsens, Venly Co-Founder & CEO (previously Arkane Network)

NFT Service Provider

Venly’s first service offering, digital wallets, helped top blockchain gaming projects (such as The Sandbox) enrol more than 200K members.

Venly also created a user-friendly NFT marketplace modeled after a regular P2P market a few months ago, and the company has just begun using its NFT tools and market APIs to assist traditional gaming and e-commerce enterprises manufacture and sell digital assets.

Venly’s first service offering, digital wallets, helped top blockchain gaming projects (such as The Sandbox) enrol more than 200K members.

Venly also created a user-friendly NFT marketplace modeled after a regular P2P market a few months ago, and the company has just begun using its NFT tools and market APIs to assist traditional gaming and e-commerce enterprises manufacture and sell digital assets.

The Venly Offering

Venly, formerly known as Arkane Network, is a blockchain technology company that focuses on three primary products:

  1. Venly Wallets: Venly helps blockchain projects onboard their customers with blockchain agnostic wallets through its wallet services.
  2. Venly Market & APIs: Venly Market is a peer-to-peer NFT marketplace. Projects can use Venly’s market APIs to create an NFT marketplace backed by Venly’s technology.
  3. Venly NFT Tools: Provides tools for building quickly and safely. From minting tools to a full asset management system for Unity or webshop plugins that need to scale quickly.

Partners & Clients

Venly currently works on more than 100 projects and has worked with Polygon, Binance, Avalanche, and Hedera as preferred technology providers. Projects like The Sandbox, Aavegotchi, Battle Racers, IOI Trade Race Manager, Ethermon, Neon District, Cryptopick, AMPnet, and many others are among their key clients.

Near Term Roadmap

Venly said it will continue to add support for additional blockchains to its wallet and marketplace as an agnostic blockchain technology supplier. Venly will concentrate on its market APIs and USDC debut in the next months. Venly’s team is also working on providing more NFT tools and community-built support tools.

Brand NFTs

Venly has developed some new NFTs of its old and new logos just for fun to commemorate the rebranding. These collectibles will be available on the Venly Market in a few of days. These NFT holders may be compensated in the future, but for now, it’s all for show.

Team

Three new hires have joined the Venly team in the last few months. Nico will be the VP of Engineering, Jeffrey will be the Finance Controller, and Yan will be the Chief Marketing Officer. As previously stated, the team is seeking for more members, particularly front-end engineers, analysts, community managers, and business developers.

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NFT

OpenSea and Kakao’s Klaytn collaborate to expand NFT across Asia

Klaytn, a Singapore-based public blockchain platform, and OpenSea, a non-fungible token (NFT) market, established a cooperation on Friday to support the Asian NFT ecosystem.

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  • In order to showcase Asian NFT initiatives to a worldwide audience, the alliance involves conference collaborations and ecosystem awards.
  • The largest NFT marketplace in the world supports four blockchains: Klaytn, Polygon, Solana, and Ethereum.
  • The blockchain subsidiary of South Korean internet behemoth Kakao, Ground X, founded the Klaytn Foundation.
  • On its central bank digital currency (CBDC) pilot project, the Bank of Korea collaborates with Ground X.

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Projects

Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.

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The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

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OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.

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In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

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