Aura Network is a Layer 1 Blockchain on Cosmos built to accelerate NFT adoption for mainstream users.
So what’s special about this project? Let’s find out with OriginStake in this article.
What is Aura Network?
Aura Network is a high-performance Layer 1 ecosystem with built-in modularity, leading the mass adoption of Web3 in emerging markets.
The Aura Network protocol allows users to mint, rate, track data, or trade NFT to construct a strong platform to support all trading assets on the crypto market more simply and easily.
- Aura Network Foundation works directly with brands & IP owners to bring their web2 portfolios to web3.
- Focus on better user experience
- Pushing forward NFT adoption on real-life use cases.
- Providing web3 developers with open-source, scalable tools to accelerate software development.
- Aura Network is built using Cosmos SDK, the world’s most used framework for building blockchains.
Key features of the Aura Network
Account Abstraction
Aura brings account abstraction to Cosmos for the first time, allowing developers and chains to build mainstream-friendly DApps and create unparalleled improvements in user experience.
Modularity
DApps that are mainstream-friendly require significant customizations and complications. Aura’s built-in modularity enables developers to build next-generation DApps and protocols.
Emerging market
Southeast Asia has been the key catalyst of web3 adoption throughout the past decade. Aura’s regional presence unlocks the potential for mass adoption.
Explore the Aura Network ecosystem.
The Aura ecosystem can be divided into 4 layers:
Infrastructure
Contains all resources relating to the underlying blockchain platform. This includes the node client Aurad and all resources such as the genesis block, configuration files, and deployed services serving the Aura Network blockchain.
Currency
There are 2 native currencies of the Aura ecosystem: Aura Coin and Aura Token on BNB Smart Chain. Aura also supports creating CW20 tokens, similar to other blockchains that use the CosmWasm module.
DApps
Applications that offer rich user experience in working with DeFi and NFT. The list is continuously growing, but Aura has several things in development at the moment:
- Aurascan: The blockchain explorer with extra features for governing, staking, NFT, notifications, etc. that are tailored towards Aura holders.
- NFT Hub: one-stop destination for the Aura community to interact with NFT and metaverse.
- Aura DEX: decentralized exchange for CW-20 tokens building on Aura.
- Playground: web-based smart contract IDE for developers, inspired by Ethereum Remix IDE.
- Bridge: aura bridge for swapping assets between BSC and Aurachain.
- Marketplace: NFT marketplace
- Launchpad: Aura provides intensive support both in terms of technology and funding, business promotion to NFT projects building on Aura chain
- Aura Safe: Gnosis-safe-inspired multi-signature wallet.
API
The Open API layer contains integration APIs, SDKs that are used to bring NFT assets to Metaverse networks. By itself, Aura Network does not provide a metaverse experience but provides infrastructures for bringing NFT assets to the metaverse.
Core teams
Partners and Investors
Conclusion
In conclusion, while Blockchain Layer 1 is widely recognized, the specific application of Blockchain Layer 1 for NFT is still relatively new and not widely adopted on the market.
However, Aura Network is at the forefront of making NFTs more accessible and popular among users on the market. This project stands out with its emphasis on high security, fast transaction speeds, multi-chain capabilities, and the invaluable support of an experienced team of advisors and developers.
About OriginStake
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