What is Aura Network?
Founded in 2020, Aura Network is building a specialized layer-1 blockchain designed to cater specifically to the needs of the Non-Fungible Token (NFT) ecosystem. By focusing on NFT-centric functionalities, the company aims to provide a more efficient, scalable, and cost-effective platform for minting, trading, and managing digital assets. This strategic focus positions Aura Network to capture a significant share of the rapidly expanding digital collectibles and metaverse markets.
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 Impossible Finance, Coin98 Ventures, Kucoin Labs, and GBV Capital
Other Financing Round (2023): $4M led by Coin98 Labs and Hashed
Key Investors in Aura Network
Impossible Finance
Impossible Finance is a decentralized finance protocol provider that aims to democratize access to financial products, making them available to a broader audience beyond traditional institutions.
Coin98 Labs
Coin98 is a comprehensive DeFi platform offering a suite of products including a multi-chain crypto and NFT wallet, an exchange, and a cross-chain bridge, designed to be essential infrastructure for the multi-chain future.
Hashed
Hashed is a global venture fund that invests in and supports early-stage blockchain and cryptocurrency startups, providing extensive resources and fostering ecosystem growth through its network and events.
What's next for Aura Network?
With the recent major strategic investment, Aura Network is poised for an accelerated growth phase. The company is likely to focus on expanding its developer community, enhancing its core blockchain infrastructure, and forging strategic partnerships within the NFT and broader Web3 space. This capital will be instrumental in scaling its operations, increasing market adoption, and solidifying its position as a leading NFT-centric blockchain solution. Future developments may include further ecosystem integrations and the launch of new features to support evolving digital asset use cases.
See full Aura Network company page
