By Shelly Melancon (Switzerland)
An Ethereum Virtual Machine (EVM) intended to scale decentralized apps (DApps) built on the Near protocol has raised $12 million in its initial financing round. Pantera Capital, Electric Capital, and other venture capital firms participated in the round, which attracted over 100 backers. According to a statement issued, Aurora plans to utilize the funding to expand its cross-chain abilities beyond what it now offers, as well as hire professional programmers to assist with the development of Ethereum scaling.
Because of its EVM interface and multichain bridge, the scaling technology aims to make it easier for developers to create DApps with underlying blockchain capability by allowing them to connect to many blockchains at once. Among other things, Aurora has disclosed that it is now in the development phase of developing a pricing oracle and data plugin as well as an automatic market maker exchange and block finder.
Ethereum-Exclusive Offering To Near Protocol Users
The EVM is a blockchain-based computer machine that is at the heart of Ethereum’s OS. It is fully accountable for order processing, smart contract rollout, and other operating functions of the system, as well as enabling developers to create decentralized applications (DApps) on the Ethereum blockchain.
In a recent announcement, it was revealed that blockchain data analyzer Etherscan has teamed with Aurora to extend its Ethereum-exclusive offering to users of the Near protocol, which was previously unavailable. “Our objective at Aurora has always been to build a future in which the apparent gaps among blockchains, programmers, and users are easily bridged,” said Alex Shevchenko, the company’s founder, and CEO. The accomplishment of this investment round further strengthens Aurora’s popularity among our audience, as well as our goal of bringing scaling technologies to the whole cryptocurrency ecosystem.”
Also read:This year, Crypto.com announced the deployment of their proof-of-authority EVM testnet, which will allow programmers and designers to move their Ethereum-built initiatives across chains to other ecosystems that are compatible with the EVM.
Aurox Crypto Exchange
Traders keep flooding the cryptocurrency market. To help traders, Decentralized Finance (DeFi) trading platforms let users manage their portfolios and watch various exchanges from one interface. As a result, the main hub can streamline trade and help investors capitalize on emerging trends.
Like Bloomberg Terminal, Aurox aims to become a fully-featured crypto trading platform. “We believe cryptocurrency dealing is still in its infancy,” says the Aurox team, “therefore we are aggressively investing in the platform’s usability and utility”. Aurox is a framework designed by traders for traders.
Aurox already has over 50,000 registered users and provides statistics on around 60 decentralized and controlled exchanges. Beyond the huge data and information provided by Aurox Terminal, the structure makes trading easier for the common user by providing numerous crucial features, some of which need the Aurox Token to access, signal scanners and security checks to help investors locate the best trades, CEX and DEX order routing for desktop and mobile, adjustable workspaces and in-app tabs, and notifications on 100+ distinct built-in indicators.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.