Categories: Crypto & Market

A big seed funding for Vietnam’s NFT project

(adsbygoogle = window.adsbygoogle || []).push({});

SINGAPORE, April 21 — Aura Network, an NFT (non-fungible token) dedicated layer-1 blockchain based on Cosmos ecosystem, has raised USD 2.5m seed round to leverage the adoption of NFTs and accelerate its vision of building an interoperable future for Internet users.

NFT is considered the crucial building block for the Metaverse and Web3, which are believed to shape the next generation of Internet.

However, wide adoption of NFTs remains a challenge due to its unfriendliness to non-crypto natives and limited use cases to brands and general audience.

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.

The seed round involved numerous well-known 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.

NFT and Aura Network

Aura Network’s Founder, Tran Hoang Giang, is confident in the development of the platform – “Aura Network is delighted that our strategic partners recognize our infrastructure capability. We believe in the potential growth of NFTs and the future of interoperable, as well as the strength of our community and ecosystem”.

As a Forbes Technology Council member, Giang 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.

This seed funding will allow Aura Network to continue 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 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 is expected to be the leading layer-1 blockchain to assist users to access NFTs effortlessly.

Aura Network

Aura Network is a Layer-1 NFT-centric blockchain, built to accelerate global NFTs adoption by the Internet of Blockchain.

Aura Network provides an open system, maximize interoperability, and infrastructure layer integrating NFTs into the Metaverse. For more information, please visit: aura.network (Bernama)

(adsbygoogle = window.adsbygoogle || []).push({});
(adsbygoogle = window.adsbygoogle || []).push({});

admin

Recent Posts

A Long Week In Politics For Anwar Ends Well

A massive divide between the races in the voting patterns that have left Anwar with…

2 days ago

Anwar Is Fighting Rising Prices With Targeted Subsidies

Nevertheless, Anwar has said he plans to introduce a programme that will include targeted subsidies…

1 week ago

APEC: China’s Return To The Global Supply Chains

The question to ask is whether there are one too many free trade agreements around…

2 weeks ago

RCEP Came At A Good Time

After the upsets with the South China Sea disputes, we now have certain normalcy, which…

2 weeks ago

US Popularity In The Asean region

In Vietnam, the sentiments can be different because they see the Chinese encroachments in the…

3 weeks ago

New Views On Asean Plus Three and China

Asean plus three is still important for the Asean but with China's dominance, so to…

3 weeks ago