Aura Network, a popular NFT project in the Cosmos ecosystem, completes a $4 million Pre-A round of financing, and the mainnet The Xstaxy is ready to go

06/03/2023·1years ago

About Aura Network's Financing

In this round of financing, Aura Network has attracted some well-known blockchain projects, including GuildFi, Istari Ventures, Republic Crypto, and other angel investors. In addition, strategic relationships with these investors and partners will provide advice for its operations, product and business development, marketing, and more.

Project Introduction

Aura Network is an ecosystem provider based in Hanoi, Vietnam, aiming to accelerate the global adoption of NFTs. Their vision is to create a one-stop destination for building NFT projects with practical utility and gradually help transform existing web2 businesses into web3.

With the development of NFTs, there is an increasing demand for underlying infrastructure related to NFTs. Aura Network primarily focuses on NFT development, aiming to improve efficiency by addressing scalability issues, supported by Tendermint BFT consensus, and supporting DeFi, GameFi, and SocialFi. Any NFT dApp can be built on Aura Network to achieve cross-chain operations for NFTs.

Under the leadership of founder and CEO Giang Tran, Aura Network provides a scalable, agile, and lightweight layer 1 blockchain and a comprehensive ecosystem to accelerate the global adoption of NFTs. Moving towards the Mainnet release, the company's development team is currently focused on building several new products, and the timeline for releasing these products will soon be announced in its 2023 roadmap.

Basic Information about Aura Network

Team

Giang Tran: Founder, Vietnamese, with blockchain development experience, former Vice President of FPT Software in Vietnam.
Yamato Tran: Co-founder, Vietnamese, with a career mostly at FPT Software, serving as Senior Vice President and Chief Operating Officer.
Steve Nguyen: Co-founder, Vietnamese, with 25 years of experience in operations, serving as CEO and Chairman of several companies.
Advisory Board: The project has three advisory board members, one of whom is the founder and chairman of FPT, and the other two are the founders and chairmen of coin98.

From the backgrounds of the three co-founders, it can be seen that FPT Software may be a supporter behind this project. FPT is the largest telecommunications technology company in Vietnam, with 48 offices in 26 countries and regions overseas. Additionally, FPT Group is a leader in various business areas such as software export, system integration, software development, and IT services in Vietnam, similar to the domestic company Neusoft Group, and has also invested in some blockchain projects in Vietnam. In conclusion, the main background of Aura Network is FPT and coin98, with the founder of coin98 coming from the university founded by FPT.

Partners

From here, it can be seen that the Coin98 Ventures, GBV Capital, Impossible Finance, Kyber Ventures, and Avatarby Avalanch, which participated in the Pre-A round of investment, all have friendly partnership relationships. The AURA token is also supported by partner exchanges such as MEXC.

Ecosystem

The official website's published ecosystem list, with green projects currently in development and gray projects for future plans.

The Aura ecosystem can be divided into 4 layers:

Infrastructure: Includes all resources related to the underlying blockchain platform, such as the node client Aurad and all resources such as the genesis block, configuration files, and services deployed for the Aura Network blockchain.
Tokens: The Aura ecosystem has 2 tokens: Aura Coin on the BNB Smart Chain and Aura Token. Aura also supports the creation of CW20 tokens, similar to other blockchains using the CosmWasm module.
dApps: Applications that provide a rich user experience when using DeFi and NFTs.

AuraScan: A blockchain browser with governance, staking, NFT, and notification features tailored for Aura holders.
Pyxis Safe: A solution for asset security using multi-signature management, inspired by Gnosis.
Wallet: The official Aura wallet is the Coin98 wallet. Other wallets supported by the cosmos, such as Keplr and Cosmostation, are also supported.
Twilight Hub: A one-stop destination for the Aura community to interact with NFTs and the metaverse.
Aura DEX: A decentralized exchange for CW-20 tokens based on Aura.
Bridge: Aura Bridge for exchanging assets between EVM-based blockchains and Aurachain.
Launchpad: Aura provides intensive support for NFT projects built on the Aura chain in terms of technology, funding, and business promotion.

API: Applications based on Aura need to provide standard open APIs for public services.

Aura Network Mainnet The Xstaxy Launching Soon

Aura Network's mainnet The Xstaxy will officially launch on March 20 at 21:00 (13:00 UTC on March 20) after over 15 months of continuous development, stable testing, and product optimization. With the activation of the mainnet, Aura Network positions itself as the first licensed smart contract layer-1 chain, driving the widespread adoption of NFTs in the Cosmos ecosystem.

Some important key updates in mainnet development include:

Ecosystem expansion: In addition to current products such as AuraScan and Pyxis Safe, several dApps related to sustainable DeFi and NFT markets are currently under construction and continuous testing as an important part of the Aura ecosystem. These products will soon be introduced to the community in alpha versions, along with experience activities for early adopters. Individuals providing appropriate feedback to the Aura technical team for product improvements will be rewarded.

Token migration to the mainnet: As one of the most important stages in the mainnet launch, the migration flow between BEP-20 Aura tokens and native tokens on the mainnet has been fully optimized to achieve a secure and smooth process. The Aura team has been actively coordinating with CEX and DEX to support new native tokens. In addition, Pyxis Safe is undergoing a series of security audits supported by top-notch security researchers and experts.

Recruitment of additional validators: In the final step of mainnet preparation, Aura Network is recruiting an additional 18 genesis block validators. Global developers and validators can participate in the Mainnet release through the Aura Foundation's authorized program. The purpose of this activity is to promote universal growth and decentralization of power through appropriate allocation of authorized funds.

Partnerships and community development: Since the initiation of a $4 million first round of financing by Hashed and Coin98, Aura Network has reached agreements with several partners in the Web3 and blockchain fields. This will help gather much-needed momentum to drive its mainnet launch, product development, operational and marketing strategies.

Aura Network is now officially entering the next stage, announcing the highly anticipated launch of the Aura Network mainnet The Xstaxy. This significant achievement represents its revolutionary footprint in the Web 3 domain and its ambition to become a leader focused on NFTs, Web 3.0 games, and sustainable DeFi based on Cosmos Layer1.

Aura Network is a project worth paying attention to, with support from personnel of FPT and funding partners, and many collaborations with partners such as coin98 in the ecosystem. The project's blueprint is ambitious, with a wide range of goals. If you are interested in more detailed information, you can click the following links to learn more about Aura Network:

https://twitter.com/AuraNetworkHQ https://discord.com/invite/PNCp4CXj7K https://github.com/aura-nw/whitepaper/blob/main/release/Aura_Network___whitepaper.pdf https://aura.network/

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