What is Aura Network?
Founded in 2020, Aura Network operates as a specialized layer-1 blockchain designed to cater to the unique demands of Non-Fungible Tokens (NFTs). By focusing on NFT-centric infrastructure, Aura Network aims to provide a robust and efficient platform for the creation, trading, and management of digital assets. This strategic specialization positions the company to capitalize on the burgeoning NFT market, offering enhanced scalability and transaction capabilities compared to general-purpose blockchains.
How much funding has Aura Network raised?
Aura Network has raised a total of $6.5M across 2 funding rounds:
Angel/Seed
$2.5M
Other Financing Round
$4M
Angel/Seed (2022): $2.5M with participation from GBV Capital, Impossible Finance, Coin98 Ventures, and Kucoin Labs
Other Financing Round (2023): $4M led by Hashed and Coin98 Labs
Key Investors in Aura Network
Hashed
Hashed is a global early-stage venture fund that focuses on supporting founders who are innovating in the blockchain and cryptocurrency sectors. With a presence in major cities like Seoul, San Francisco, and Singapore, Hashed not only invests but also provides extensive support to its portfolio companies, fostering growth and collaboration within the blockchain ecosystem.
Coin98 Labs
Coin98 is a DeFi platform that provides a full suite of products such as Coin98 Wallet, Coin98 Exchange, and SpaceGate cross-chain bridge. The Coin98 wallet is a non-custodial, multi-chain crypto & NFT wallet, built as an infrastructure for the multi-chain future.
Impossible Finance
Impossible Finance uses decentralised financial protocols to give everyone the same access to financial products, which were previously only available to institutions and select individuals.
What's next for Aura Network?
With the recent influx of major strategic investment, Aura Network is poised for significant expansion. The company is likely to focus on enhancing its core blockchain technology, expanding its ecosystem of developers and users, and forging new partnerships within the NFT and broader Web3 space. This substantial backing suggests a strategic push towards scaling operations and solidifying its position as a leading NFT-centric blockchain provider, potentially moving into later-stage growth phases.
See full Aura Network company page
