Amazing Blocks forms partnership with Arkane Network
We are pleased to announce the partnership between Amazing Blocks and Arkane Network. Arkane Network was founded in 2018 to reduce the complexity of blockchain technology and make it possible for mainstream use. With Arkane’s solutions, any API developer can build Blockchain-based products. Arkane makes this possible with its blockchain-agnostic digital wallet and NFT services for enterprises and popular blockchain games like CoinStats, NFTBank, Atari, Bondly Finance, The Sandbox, and Aavegotchi.
About Arkane Network
Arkane Network offers users of blockchain projects digital wallets to store assets with a native solution that also works on mobile devices.
Arkane recently launched the Arkane Market, positioning itself as a holistic user-friendly solution to help blockchain projects scale faster and more securely. The Arkane Market is the first-ever peer-to-peer NFT marketplace on Polygon. On the Arkane market, users can then trade these NFTs in a fully compatible environment. Thanks to Arkane, blockchain games, projects, and decentralized applications can tap into an entirely new revenue stream without having experience in blockchain engineering or a complex regulatory framework.
About Amazing Blocks
Amazing Blocks is a Liechtenstein-based legal tech startup that enables the creation and management of equity tokens. Leveraging the Liechtenstein Token Act, almost any asset or company can be tokenized. This includes real estate, cars, machines, and even fine art. Flexible tokens (e.g., equity tokens or debt tokens or participation rights as tokens) represent legal rights and are treated as a security according to the Liechtenstein Token Act. Liechtenstein Law permits the foundation of entities with initial contributions in cryptocurrencies like Ethereum. This makes the necessity for a bank account obsolete and enables great flexibility in the foundation process. Logically, Amazing Blocks was founded with an initial contribution in Ethereum and became the first company with completely tokenized equity. Like any other equity tokenization, it can be observed on Etherscan and grants great transparency. This showed the immense innovation potential in legal tech and established Amazing Blocks as pioneers, merging law and tech.
Amazing Blocks assists clients in all questions connected to the topic of equity tokenization and has a large network of partners familiar with the legal situation in Liechtenstein. The result is equity management with the full advantages of tokenization and the legal security of a conventional company structure.
Goals and opportunities
The cooperation between Amazing Blocks and Arkane Network enables Amazing Blocks to provide its clients with a complete and simple NFT service solution. Amazing Blocks is currently working on the integration of the Arkane Wallet solution into its software to allow clients to use it. This combination of technologies creates an integrated holistic solution for storing but also managing tokens.
Arkane Network gains access to expertise in managing tokens and the design of token management systems like Amazing Blocks’ Tokenpad. Arkane Network also is set to benefit through expanding its European network of partners.
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Amazing Blocks offers a tokenization solution that enables its clients to tokenize various assets according to the Liechtenstein Token Act (software-as-a-service). The software covers both the issuance of tokens and investing in tokens. It suits the needs for tokenizing all kinds of assets (e.g. machines, cash flow generating contracts, trademarks, real estate, cars). Imagine that some asset should be tokenized. For this asset, various tokens would make sense: Equity tokens, debt tokens, participation rights as tokens, ownership tokens, or any mixture of these tokens. The software of Amazing Blocks helps issuers to handle multiple assets and to issue multiple tokens for these assets. This is possible by integrating blockchain technology with the law (the Liechtenstein Token Act). At the core, there is the “digital legal entity in Liechtenstein” based on “tokenized shares”, which allows a very efficient foundation, a very efficient operation of the company, and an efficient and flexible possibility to tokenize assets. This should now make a wide variety of tokenization projects possible because the costs for tokenization are significantly reduced.
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