ARC, a layer-1 blockchain technology, has announced its technology, designed to meet the needs of developers and companies, allowing them to interact with the real-world economy through blockchain, with activities tracked on-chain.
With the use of distributed blockchain networks, banks, businesses, and retailers are increasingly adopting stablecoin payments, as they provide better services and scalable solutions across various platforms.
ARC has developed an economic OS for the internet, fostering a platform shift as profound as the launch of the internet itself, and aims to revolutionise social, mobile, cloud, and AI.
With the launch of its public testnet, which allows developers and companies to build on the ARC OS economy, developers and enterprises can build, test, and deploy applications. Additionally, with the stablecoin industry gaining momentum, the network enables stablecoins to be used as gas fees, providing companies and businesses with an easy way to explore the blockchain space using equities, credit, money market funds, and deep liquidity.
ARC Team – Who Is Behind ARC
The ARC team is a stable team comprising key members of Circle, guiding the development of blockchain technology to provide solutions for various enterprises. Among the teams are @0xrachelita – VP of Product, @Sanket_Jain_ – Lead Product Manager, @Soghoian – Principal Software Engineer, @AdiSeredinschi – Principal Product Manager, @dollarsterlingX – BD Ecosystem Director, and @gordonliao – Head of Research. These individuals have years of experience working in traditional finance and the blockchain space, bringing their wealth of knowledge and shared interest in the stablecoin market.
Contributors and Funding
Source – ARC Contributors
The crypto project raised $2.2 billion in funding and is backed by Circle, a blockchain stablecoin platform, and BlackRock, as the stablecoin market has seen growth in the last few months in the crypto market. Several projects are currently building on this ecosystem, aiming to provide a more stable payment solution using stablecoins.
ARC Airdrop – Step-by-step Guide
Here is a quick guide to participation in the ARC airdrop:
1. Go to https://docs.arc.network/arc/references/connect-to-arc#add-arc-testnet blockchain explorer to add the test network to your MetaMask wallet.
2. Go to https://faucet.circle.com to claim the faucet, claim both USDC and EURC.
3. Go to https://onchaingm.com to send GM interaction, find GM on Arc Testnet, and click to confirm in the wallet pop-up.
4. Go to https://onchaingm.com/deploy to deploy the contract, find Arc Testnet, click deploy, and confirm in the wallet pop-up.
5. Go to https://zkcodex.com/onchain/gm to send GM, click Send GM interaction.
6. Go to https://zkcodex.com/onchain/deploy to deploy the simple contract, the token contract, and deploy NFT contract, a total of 3 contracts.
7. Go to https://zkcodex.com/onchain/memorial to mint an NFT.
8. Go to https://infinityname.com to register a .arc domain.
Key Takeaways of ARC
ARC is an open Layer-1 blockchain designed to serve as the Economic OS for the internet, uniting programmable money and on-chain innovation with real-world economic activity, opening opportunities for lending and financial services, capital markets, tokenized asset issuance, and Stablecoin settlement worldwide, all happening on-chain.
ARC Community Details
It is essential to stay informed about the ARC airdrop and any changes to activities or tasks. Here are links to community social pages:
Website: https://www.arc.network/
X(Twitter): https://x.com/arc
Discord: https://discord.com/invite/buildonarc
Similar airdrop projects like Stable include:
