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You are at:Home » Aura Network Raises $2.5M Seed Financing From Coin98, GBV, Kucoin, and Others
Investment & Funding

Aura Network Raises $2.5M Seed Financing From Coin98, GBV, Kucoin, and Others

Aura Network believes that it is going to be the leading layer-1 blockchain to assist users to access NFTs effortlessly.
Ravi KumarBy Ravi KumarApril 18, 2022Updated:April 18, 2022No Comments2 Mins Read
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Aura Network Raises $2.5M Seed Financing From Coin98, GBV, Kucoin, and Others
Aura Network was built as the solutions for NFTs mass adoption and its remaining challenges, and pave the way for integrating applications to the Metaverse.
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NFT blockchain builder Aura Network raises $2.5 million in a seed funding round.

What Aura Network does?

Aura Network is a layer-1 blockchain based on Cosmos ecosystem. It is an NFT-centric blockchain, intending to accelerate global NFTs adoption by the Internet of Blockchain. To advance mass adoption of NFTs, Aura Network provides an open system, maximize interoperability, and infrastructure layer integrating NFTs into the Metaverse.

NFT is regarded as a critical component of the Metaverse and Web3, which are thought to define the next generation of the Internet. However, the unfriendliness to non-crypto natives and restricted use cases for businesses and the general public, mass adoption of NFTs remains a hurdle.

According to the company, Aura Network was built as the solutions for NFTs mass adoption and its remaining challenges, and pave the way for integrating applications to the Metaverse.

Aura Network Seed Funding

The seed round for Aura Network attracted several prominent blockchain partners, including Coin98 Ventures, GBV Capital, Impossible Finance, Kucoin Labs, Kyber Ventures, GUILDFI, Avatar by Avalanche, MEXC Pioneer, TPX Ventures, Redline Dao and OIG. Other notable business partners – Vanda Capital, Deo Network, Ahamove, Ecomobi and Pencil Group – are also participating.

Aura Network’s Founder, Tran Hoang Giang, said:

“We believe in the potential growth of NFTs and the future of interoperable, as well as the strength of our community and ecosystem”.

Giang is a Forbes Technology Council member. He is part of Aura Network’s founding team of blockchain experts including FPT Software’s COO Tran Dang Hoa and former Masan Group’s CIO Steve Nguyen.

The company will use the new funds to pursue its aim of creating a universal framework for NFTs, maximizing interoperability, and bringing Aura Network’s vision to the forefront of users globally. Additionally, building a strong community that supports Aura Network’s vision is imperative for its long-term ambitions.

Aura Network said that it will release its Testnet at the end of Quarter 2 of 2022. Aura Network’s Mainnet will be launched in Quarter 3 of 2022. Aura Network believes that it is going to be the leading layer-1 blockchain to assist users to access NFTs effortlessly.

Read Also: Cross-chain Messaging Protocol Nomad Bags $22.4M Seed Financing Led By Polychain Capital

Aura Network Coin98 Ventures GBV Capital Kucoin Labs NFTs Seed Funding Vietnam
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Ravi Kumar
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Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

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