Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $30,242.001.56% 24H
    BITCOIN
    24H : 1.56%
    Volume : $24,810,044,484.00
    Marketcap : $575,474,316,451.00
  • ethereumEthereum(ETH)
    $2,057.971.49% 24H
    ETHEREUM
    24H : 1.49%
    Volume : $17,316,881,926.00
    Marketcap : $248,540,593,334.00
  • binancecoinBNB(BNB)
    $302.851.16% 24H
    BNB
    24H : 1.16%
    Volume : $1,548,608,493.00
    Marketcap : $50,921,227,597.00
  • rippleXRP(XRP)
    $0.4332.71% 24H
    XRP
    24H : 2.71%
    Volume : $2,377,342,841.00
    Marketcap : $20,919,094,889.00
  • cardanoCardano(ADA)
    $0.5721.20% 24H
    CARDANO
    24H : 1.20%
    Volume : $859,149,469.00
    Marketcap : $19,330,561,436.00
  • terra-lunaTerra(LUNA)
    $0.00020-7.08% 24H
    TERRA
    24H : -7.08%
    Volume : $1,156,429,460.00
    Marketcap : $1,263,858,101.00
Coinscreed
No Result
View All Result
homerun token
Home DeFi

Aurora Raises $90 Million Fund To Finance DeFi Apps On Near Protocol

Kolade Elusanmi by Kolade Elusanmi
5 days ago
in DeFi, News
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter
Aurora, a Near protocol EVM scaling mechanism, has teamed up with Proximity Labs to raise $90 million in a token fund to attract new developers.
Aurora

Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApps) built on the Near protocol, has launched a $90 million token fund.

SuggestedArticles

Spotify tests NFT galleries on musician profiles: Report

Spotify tests NFT galleries on musician profiles: Report

1 hour ago
G7 Meeting: Global financial regulators to discuss crypto

G7 Meeting: Global financial regulators to discuss crypto

2 hours ago

The fund, which was launched today in collaboration with Proximity Labs, will focus on financing decentralized finance (DeFi) applications based on the Near protocol.

Near Protocol is a DApp platform that focuses on the developer and user usability. Near Protocol, an emerging layer-1 competitor to Ethereum supports smart contracts and employs a proof-of-stake consensus mechanism.

Aurora Labs provided funding, allocating 25 million AURORA tokens — currently worth around $90 million — from its DAO treasury to proximity labs.

As a result of the funding model, Proximity Labs will now be in charge of managing the funds and awarding grants to developers working on DeFi Dapps on the platform.

The company believes that the token-based funding structure will boost network activity.

Dr. Alex Shevchenko, the founder of Aurora Labs, stated that the launch of the new token fund will help make developing Ethereum applications on the Near protocol more appealing to developers.

“Aurora DAO continues its mission to extend the Ethereum economy outside the Ethereum blockchain. This grant is the next big step in the development of the Aurora ecosystem and I’m happy that Proximity Labs accompanies us on this journey.”

The EVM is a blockchain-based computer engine at the heart of Ethereum’s operating system, responsible for transaction execution, smart contract deployment, and other operational functions, as well as allowing developers to build DApps on the Ethereum blockchain.

The EVM has been adopted as the default smart contract engine by an increasing number of independent blockchains, including BNB Chain, Avalanche Chain, Polygon, and Fantom.

BTC365

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.