Vanar Chain (VANRY)

Entertainment & Gaming

Vanar Chain provides a blockchain platform tailored for the entertainment and gaming industries. It helps brands create unique customer experiences and supports decentralized applications (dApps) in these fields.

AI & Smart Contracts

Vanar Chain is built to power AI agents and smart contracts with on-chain reasoning and data verification. This allows for intelligent financial infrastructure and real-time data processing directly on the blockchain.

Real-World Infrastructure & Payments

It supports tokenized real-world assets and on-chain finance, enabling fast, low-cost, and scalable transactions. This makes it useful for payment gateways and supply chain management.

Metaverse & NFTs

Vanar Chain integrates with AR/VR technologies and supports NFT ecosystems, aiming to enhance interactive and immersive digital experiences.

Sustainability & Transparency

The platform includes modules to track energy consumption and environmental impact, promoting eco-friendly blockchain use.

Developer-Friendly Features

Vanar Chain offers a customizable, Ethereum-compatible Layer 1 blockchain with low fees and high speed, making it attractive for developers building various dApps.

Token Utility

The native token VANRY is used for transactions, smart contract operations, staking, and participating in the Vanar ecosystem.

Pros

• High Speed & Low Cost: Vanar Chain offers fast transactions with low fees, making it efficient for users and developers.
• Eco-Friendly: It uses energy-efficient technology and promotes sustainability through Vanar Eco.
• Real-World Use Cases: Focuses on gaming, entertainment, and brand solutions, bridging virtual and real-world applications.
• Advanced Technology: Incorporates AI-powered features like on-chain data compression and reasoning engines, enhancing smart contract capabilities.
• Strong Community & Partnerships: Supported by experienced teams and partnerships, including gaming ecosystems and hardware wallet integrations.
• Scalability & Security: Uses a combination of Proof of Authority (PoA), Proof of Reputation (PoR), and Delegated Proof of Stake (DPoS) for secure and scalable consensus.

Cons

• Market Performance: Recently, Vanar Chain’s token (VANRY) has shown slight price declines compared to the overall crypto market.
• Exchange Availability: Not all major exchanges support VANRY, limiting trading options in some regions.
• Newer Ecosystem: As a relatively new Layer 1 blockchain, it may have less adoption and fewer dApps compared to more established chains.
• Complex Technology: Advanced AI and compression features might require developers to learn new tools and frameworks.

Overall, Vanar Chain combines innovative tech and eco-friendly design with a focus on entertainment and real-world adoption, though it faces typical challenges of newer blockchain projects.

Founders of Vanar Chain

• Jawad Ashraf: Co-founder and CEO, leading the vision and development of Vanar Chain.
• Gary Bracey: Co-founder, involved in building the blockchain network focused on entertainment and sustainability.

These two founded Vanar Chain in 2023, based in Dubai, UAE.

Institutional Investors

Vanar Chain has raised $2.5 million from several key investors. Notable institutional investors include Hashed, LD Capital, Maven Capital, NGC Ventures, Twin Apex Capital, and Woodstock Fund.

Funding Overview

The project was founded in 2018 and has attracted funding from these investors to support its development and growth in blockchain technology, especially in gaming, entertainment, and AI-driven applications.

Strategic Partnerships

Vanar Chain has also formed strategic partnerships, such as with NVIDIA, to enhance its technological capabilities and ecosystem expansion.

For more details, you can visit the official Vanar Chain website or their profiles on investment platforms like PitchBook and Messari.

Halal Status of Vanar Chain

• Yes: There is no clear official Shariah certification publicly available specifically for Vanar Chain. However, Vanar Chain is a blockchain platform focused on utility, gaming, and metaverse applications without explicit involvement in interest (riba) or prohibited activities.
• Reason: Whether Vanar Chain is halal depends on how it is used and individual interpretation of Islamic finance principles. It does not inherently involve interest or forbidden industries, which are key factors in halal compliance.

For a definitive ruling, consulting a qualified Islamic scholar familiar with cryptocurrency is recommended.