Venly (previously Arkane Network) Project Insight: NFT and Wallet Specialists

The Venly project has rebranded to offer customizable NFT and Wallet offerings for users.

By
Kyle Heise
on
September 23, 2021
Category:
BSC News

Formerly Arkane

Venly was founded in 2018, originally as Arkane Network.  The company began in Belgium but has since angled itself to become a global leader in blockchain wallet integrations and Non-Fungible Token (NFT) use-cases. As Arkane, they developed a software platform that enabled companies to integrate blockchain technology into their Decentralized Apps (dApps) seamlessly.

In June of 2020, Arkane announced a rebrand to Venly. Following successful funding rounds which led to over $2 Million, the company pushed forward with efforts to rebrand and opened new offices in Berlin, Germany. 

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The rebranding took shape in effort to expand as a blockchain tech provider and as well as new opportunities in the NFT sphere. Venly is a blockchain tech provider focussing on three main products: wallets, NFT marketplace, and NFT tools. 

The main attractions for Venly are the customizable Application Programming Interface (API) and interoperability for chains, wallets, and marketplaces. By integrating the Venly plugins and Dapps, users can get all the help they need minting, distributing, and storing their NFTs. 

Here we outline the major product offerings and what to expect from the rebranding. 

Crypto Wallets

There are many ways in which users are beginning to interact and pay with their crypto. The wallet services offered by Venly help blockchain projects integrate their users by providing blockchain agnostic wallets. 

The Venly wallet is available on web browser, mobile & desktop. Users can use the widget integration solutions to help users bridge to existing dApps and interact with cryptocurrencies. 

When teams wish to use the custom service, the user experience is completely customizable. The Venly API features allow users to adjust various metrics, including prices. These features will give users and businesses the flexibility to adjust metrics to meet both their own demands as well as the demands of the market.

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Every Venly crypto wallet account can manage digital items across more than 12 blockchains. The vast interoperability makes Venly a one-stop-shop for business and NFTs.

The wallets are safe and secure, allowing for multi-factor authentication. Security is also done together with experienced partners like Blockrocket, who help develop secure enterprise custody solutions. Venly likes to boast that wallets are secure enough for Green Peace to facilitate donations. 

NFT Market 

The Venly NFT Market is the first multi-chain peer-to-peer NFT marketplace. Users and businesses are able to create an entirely customizable blockchain marketplace.

The marketplace is available on three separate blockchains, Polygon (Matic), Avalanche, and Binance Smart Chain (BSC). With over 300,000 active users, it’s a growing ecosystem for users and artists to buy and sell NFTs. 

With their market APIs, projects are able to build an NFT marketplace built up by the Venly technology. The market also offers features for secondary sales for users to build a truly custom marketplaces for all their products and offerings. 

At this time, the marketplace has integrated with USDC as the default currency in the marketplace. USDC is exchangeable on the marketplace and can be withdrawn to Ethereum wallet addresses.

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Venly charges a transaction fee of 2% on the platform. Furthermore, contract holders have the liberty to adjust royalty fees up to 10% based on their preference. The flexibility to adjust royalty fees can allow content creators to set a standard for their content.

The Market API will also give users and businesses the flexibility to bring the products that they want directly to the users. This is ultimately the bread and butter of Venly: building accessibility to the new content of web 3.0.

NFT Tools

Venly offers not only a marketplace but also a tool shed for users to help build quickly and safely. 

The goal of the tools is to help bring blockchain technology to the mainstream with easy-to-use tools. Venly hopes that their tools will help mitigate blockchain’s complexities and make it accessible for all. 

The company provides easy-to-use widgets and third-party integrations that can help businesses and individual sellers integrate with various crypto interfaces. Teams can access multichain analytics and data to help prepare and plan for all scenarios.

Teams will also be able to bring in existing applications interfaces and request support to help customize the application interface.

For example, they offer set-up with popular crypto wallet MetaMask, for easy access to the entire world of web 3.0. They also offer integrations with Shopify, one of the largest e-commerce facilitators in the world.

Also, Venly offers some gaming inventory metrics and features to help jump on the burst of interest in play-to-earn NFT games. Games and their users will be able to integrate their accounts and manage in-game content through their Venly.

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Partners and Investors 

The 2020 fundraising received backing from some major European incubators and investors, including High-Tech Gründerfonds (HTGF), DM-BB David Majert, Palentine Ventures (Blockrocket), imec.istart Fund, and PMV.

Following the successful rebrand, they have partnered with Polygon, Binance, Avalanche and Hedera as preferred tech providers. Other major client partners include The Sandbox, Aavegotchi, Battle Racers, IOI Trade Race Manager, Ethermon, Neon District, Cryptopick, AMPnet and many others.

Where to find Venly:

Website | Twitter | Medium |

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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