Aurora, an Ethereum Virtual Machine (EVM) designed to scale Decentralized Applications (DAP), built on the Near Protocol, has announced the first funding round of $ 12 million Dabur.
The round included more than 100 venture capital investors, including Pantera Capital and Electric Capital.
According to an official statement, Aurora will use the funds to hire specialist developers to support the growth of atherium scaling, as well as expand cross-chain capabilities.
The scaling solution seeks to facilitate inter-operability within blockchains through its EVM connection and multichain bridges, giving developers the opportunity to launch DApps with multichain functionality. Aurora further revealed that it is in the development stages of creating a Price Oracle, Data Indexer, an automated market maker exchange and Block Explorer among other features.
EVM is a blockchain-based computer engine at the core of Ethereum’s operating system, responsible for performing transactions, establishing smart contracts and other operating functions, as well as enabling developers to create DApps in the blockchain.
It was recently Announced Blockchain Data Explorer has partnered with EtherScan Aurora to bring its Ethereum-exclusive service closer to protocol participants. Aurora CEO Alex Shevchenko says:
“Our goal at Aurora is to create a future where clear gaps between blockchains, developers and users have been seamlessly bridged. The success of this fund strengthens our mission to bring Aurora’s application into our community and scaling solutions across crypto ecosystems.”
Related: Closer to the protocol during bitcoin consolidation, Algorand and Powerpool return
In July of this year, it was announced that Crypto.com had installed its proof-of-concept authority EVM TestNet, which enables developers and builders to transfer their Ethereum-built projects to other ecosystems compatible with cross-chain EVMs.
Comments
Post a Comment