Vietnam’s Aura Network nabs USD 2.5 million in seed funding round

Vietnam’s Aura Network nabs USD 2.5 million in seed funding round

Aura Network, a Vietnam-based provider of NFT (non-fungible token) blockchain, has reportedly secured a $2.5 million seed round for leveraging the adoption of NFTs and fast-track its vision of building an interoperable future for users.

This new funding will empower Aura Network to continue to work on its aim of forming a worldwide framework for NFTs, bringing the company’s vision to the forefront of users and maximizing interoperability globally.

NFT is the most critical building block for Web3 and Metaverse, which are supposed to build the next generation of the Internet. Although, the broad adoption of NFTs remains a challenge owing to limited use cases to general audiences and brands.

The firm will be using the funding to build a strong community that will support the Aura Network’s vision and its long-term ambitions.

Several well-recognized blockchain partners participated in the round, including TPX Ventures, Kyber Ventures, GUILDFI, Coin98 Ventures, Impossible Finance, GBV Capital, Kucoin Labs, MEXC Pioneer, Redline Dao, Avatar by Avalanche, and OIG.

Vanda Capital, Ahamove, Ecomobi, Deo Network, and Pencil Group were other notable business partners who participated in the round.

Aura Network was established as a solution for mass adoption of NFTs and other challenges and to offer a road map for deploying applications to the Metaverse.

Stated his confidence in the platform, Tran Hoang Giang, Aura Network’s Founder, said that Aura Network is esteemed as the strategic partners believe in the firm’s infrastructure capability. The firm has faith in the growth prospects of NFTs, the future of interoperable, and the resistance of its community and ecosystem.

Being the Council member of Forbes Technology, Giang is also a part of the establishment team of Aura Network of blockchain experts, including Steve Nguyen - former CIO of Masan Group and Tran Dang Hoa- COO of FPT Software.

Source Credit -https://www.businesswire.com/news/home/20220418005295/en/Vietnam%E2%80%99s-NFT-Project-Secures-USD2.5-Million-Investment