Categories: Ethereum

Aurora Raises First 12 Million In Funding

Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (dApps) based on the Near protocol, has announced its first round of funding of $ 12 million.

More than 100 venture capitalists participated in this round, including Pantera Capital and Electric Capital.

According to an official statement, Aurora will use the funds to expand cross-chain capabilities beyond its current offering and hire knowledgeable developers to help Ethereum grow at scale.

Scaling solution that aims to facilitate interoperability between blockchains through EVM connectivity and multi-chain bridges and gives developers access to launch dApps with multi-chain functionality. Aurora also announced that it is in the development phase to create a price oracle, data indexer, AMM exchange, and block explorer, among other things.

EVM is a blockchain-based computing machine at the core of the Ethereum operating system that is responsible for transaction execution, implementation of smart contracts and other operational functions, and enables developers to create a dApp on their blockchain.

It was recently announced that the blockchain data explorer Etherscan has partnered with Aurora to integrate its proprietary Ethereum service for participants of the Near protocol. Alex Shevchenko, CEO of Aurora, said:

“Our goal at Aurora is to create a future in which the clear gaps between blockchain, developers and users are seamlessly connected. The success of this grant strengthens Aurora’s appeal in our community, and our goal is to provide solutions that are scalable across the crypto ecosystem. “

Related: Proximity Protocol, Algorand, and PowerPool are all recovering as Bitcoin consolidates

In July of this year, it was announced that Crypto.com had launched its proof-of-contest EVM test network, which enables developers and builders to transfer their Ethereum-created projects on-chain-cross to other EVM-compatible ecosystems .

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.