Aurora, an Ethereum Virtual Machine (EVM) based on Near Protocol designed to enable scaling, decentralized applications (DApps), has announced an initial $12 million funding round. US dollar
More than 100 equity groups participated in this round, including Pantera Capital and Electric Capital.
According to an official statement from Aurora, the funds raised will be used to increase cross-chain capabilities beyond what is currently available. It will also continue to hire expert developers to support the growth of Ethereum.
The scaling solution facilitates interoperability between Blockchains through an EVM connection and a multichain bridge, giving developers access to DApps with multichain functionality. It is in the development process of building Price oracle, Data indexer, Automated market maker exchange and Block explorer, among other features coming in the future.
EVM is a blockchain-based computer engine that is the core of Ethereum’s operating system, which performs various transactions, uses smart contracts, and other functionalities. It also allows developers to build DApps on the blockchain.
It was recently announced that Etherscan has partnered with Aurora to integrate Ethereum-specific services into the Near protocol. Aurora CEO Alex Shevchenko said:
“Our goal at Aurora is to create a clear future between blockchain, developers and users, seamlessly connected. The success of this funding reinforces the attractiveness of Aurora and our objective in implementing scaling solutions in the crypto ecosystem.”
in July of this year It has been announced that Crypto.com has deployed a proven EVM testnet that allows developers and creators to transfer Ethereum-generated DApps across to other EVM-compatible blockchains.
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