Aura Network Raised USD2.5M In Seed Round from Global Funds: Coin98 Ventures, Kyber Ventures, Kucoin Labs, and GBV Capital

Layer-1 Blockchain Startup - Aura Network has raised a seed round led by Coin98 Ventures, Kyber Ventures, Kucoin Labs, and GBV Capital.

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Aura Network, a layer-1 blockchain tailored for NFTs (non-fungible tokens) built on Cosmos ecosystem has raised a USD2.5 million seed round, led by Coin98 Ventures, with backing from Kyber Ventures, Kucoin Labs and GBV Capital.

To achieve this milestone, Aura Network is grateful for the support of friends such as Impossible Finance, GUILDFI, Avatar by Avalanche, MEXC, TPX Ventures, and Redline Dao. Along with, our blockchain believers and supporters include FPT, Vanda Capital, Deo Network, OIG, Ahamove, Ecomobi, and Pencil Group.

NFT is considered the crucial building block for the Metaverse and Web3, which are believed to shape the next generation of the Internet. However, the wide adoption of NFTs remains a challenge due to its barriers for non-crypto natives and brands, with limited ways to incorporate NFTs into our daily lives. Aura Network was built to resolve the back-end complexities of blockchain and accelerate NFTs' mass adoption. Our mission is to maximize interoperability and integrate NFTs into the Metaverse. The blockchain enables users to effortlessly mint NFTs in bulk, hence optimizing cost and time. We believe that NFTs should be easily accessible, adopted, and managed by the general audience in the near future.

“We are excited to back Aura Network. Aura Network and Coin98 will integrate wallet and interchain marketplace, building a comprehensive Defi ecosystem for users community” - Vinh Nguyen, Founder of Coin98 Finance.

What's next with Aura Network? We have planned to release "Serenity" testnet, Smart Contract & DAPP SDK, Aura Playground, Aura Explorer and Aura Multi-Sig Safe in Quarter 2 of 2022. By the end of Quarter 3 of 2022, Aura Network will evolve into an interconnected ecosystem with Coin98 and provide the Governance Tool. Aura Network will land NFT games and the first NFT use case in Quarter 4 of 2022. And in 2023, IBC enablement for NFTs, the first Metaverse integration and NFT games will be launched.

About Aura Network

Building the Internet of NFTs. Aura Network is a scalable, agile and effortless Layer-1 blockchain with a comprehensive ecosystem to accelerate global NFTs adoption. For more information, please visit:

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