Aura Network, a layer-1 NFT (non-fungible token) blockchain based on the Cosmos ecosystem, has raised $2.5 million in a seed round to help it achieve its goal of making the Internet more interoperable.
This is how it works: Aura Network got about $2.5 million in a seed round that had a lot of well-known blockchain partners in it (Graphic: Business Wire)
NFT is thought to be an important part of the Metaverse and Web3, which are thought to be the next generation of the Internet. However, because NFTs aren’t easy to use for people who aren’t crypto natives and have limited use cases for businesses and the general public, they haven’t been widely used yet. It was made to deal with NFT’s wide use and problems, as well as make it easier for apps to be integrated into the Metaverse.
There were a lot of people who invested in Coin98 Ventures’ seed round. Coin98 Ventures was one of the investors. Coin98 Ventures was one of the investors in the seed round. Coin98 Ventures was one of the investors. Ahamove, Ecomobi and Pencil Group are some of the other big businesses that work with Vanda Capital.
The founder of Aura Network, Tran Hoang Giang, said that he was sure that the platform would be a success in the future “Aura Network is overjoyed that so many of our key partners think our network is strong. Optimistic about the future of NFTs and how well they will work together, as well as about the strength of our community and ecosystem, “. There are a lot of people on Aura Network’s founding team who are experts in blockchain, like FPT Software COO Tran Dang Hoa and former Masan Group CIO Steve Nguyen.
This money will help Aura Network keep working toward its goal of developing a common framework for NFTs, increasing interoperability, and getting Aura Network’s vision in front of people all over the world. For Aura Network’s long-term goals, it is important to build a strong community that supports its mission.
The Aura Network Testnet will be out at the end of the second quarter of 2022. During the third quarter of 2022, the mainnet of the Aura Network will be live for everyone to use. The Aura Network is expected to be the main layer-1 blockchain, making it easy for people to use NFTs.
It is a company that is based in the United States.
The Aura Network is a Layer-1 NFT-focused blockchain that is meant to help the Internet of Blockchain get to grips with global NFTs more quickly. In the Aura Network, there is a layer of infrastructure that connects NFTs to the Metaverse. This layer is called the Aura Network Infrastructure layer.