Business

Chainsense is reshaping the Web3 landscape with the Launch of LycanChain

Jun 04, 2024

PNN
New Delhi [India], June 4: In the dynamic world of technology, some companies distinguish themselves not only through their innovations but also by their foresight and ability to shape the future. Chainsense Ltd is one such visionary, a tech incubator with a comprehensive ecosystem poised to transform the Web3 landscape. As Chainsense celebrates the public launch of LycanChain, it's essential to explore the journey, vision, and groundbreaking products that position this company as a formidable force in the tech industry.
Chainsense's story began with Ganesh Lore, a visionary leader with a deep passion for emerging technologies. Nearly two decades ago, Mr. Lore embarked on a mission to create end-to-end solutions for educational institutes and banks in India. These early ventures laid a strong foundation for his engagement with technology and innovation.
The turning point came in 2013 when Mr. Lore was introduced to blockchain technology. This encounter sparked a profound interest and curiosity, eventually leading to the formation of Chainsense. Recognizing the transformative potential of blockchain and other emerging technologies, Mr. Lore envisioned a company at the forefront of these innovations.
Chainsense has carved out a unique niche in the world of blockchain and emerging technologies. The company excels in developing comprehensive, custom-curated solutions tailored to specific operational frameworks. This approach not only eases market penetration but also reduces operational hurdles, making advanced technology accessible and practical for various industries. With four offices around the world and a team of over 150 people, Chainsense is driven by a wealth of experience and expertise, propelling the company towards its goal of transforming the Web3 industry.
The current native ecosystem:
Chainsense's product suite is designed to cater to the entire Web3 ecosystem, ensuring seamless integration of blockchain technology across different sectors. Here's an overview of their flagship products:
Blockchain Land: The first and only multichain metaverse platform that allows users to create their own metaverse experiences. Users can choose their preferred size, utility, tokens, and EVM chain. Accessible via the Blockchain Land Marketplace or embedded on their websites, it offers a customizable and scalable virtual world.
LycanPay: A crypto-to-crypto payment gateway that simplifies transactions. With a single QR code, customers can pay using any coin the merchant accepts across 18 blockchains, enhancing the usability and convenience of cryptocurrency payments.
Werewolf Exchange: A unique centralized exchange (CEX) that stands out by offering no trader/maker fees on every full moon, providing an unparalleled trading experience.
LycanChain: The centerpiece of Chainsense's ecosystem. LycanChain is a comprehensive blockchain solution designed for widespread adoption. It is a layer 1 EVM-compatible blockchain using Delegated Proof of Stake (DPOS) consensus, capable of processing 3000-5000 transactions per second with a block time of approximately 3 seconds. Add Lycanchain via Chainlist: https://chainlist.org/?search=lycan
LycanChain's strategic partnership with one of the world's largest entrepreneur groups, boasting a captive audience of over 1.5 million, is expected to drive substantial user engagement. This partnership positions LycanChain to potentially become one of the largest and most utilized blockchains globally by the end of 2025.
The Public Launch of LycanChain: A New Era in Blockchain
The public launch of LycanChain marks a monumental milestone for Chainsense. Supported by a robust investor community, LycanChain is set to revolutionize the blockchain industry. With its ecosystem now live, LycanChain offers cutting-edge solutions tailored to meet the diverse needs of various industries. Its automated burning mechanism, high transaction throughput, and strategic partnerships position LycanChain to reshape the blockchain landscape.
Chainsense has transitioned from developing solutions for educational institutes and banks to becoming a frontrunner in blockchain and emerging technologies. The launch of LycanChain underscores Chainsense's unwavering commitment to innovation and excellence. As the company continues to explore new frontiers in the Web3 space, it is poised to make a significant impact on the global technology arena.
Chainsense's current comprehensive ecosystem--which includes Blockchain Land, LycanPay, Werewolf Exchange, and now LycanChain-- in itself offers solutions that address the multifaceted needs of today's digital world. With a focus on usability, security, and innovation, Chainsense is set to lead the Web3 revolution.
With LycanChain's entry into the public sphere, it promises a more accessible, efficient, and transparent blockchain ecosystem. Chainsense Ltd is not merely anticipating the future of technology; it is actively shaping it.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

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