Vietnamese startup Aura Network, which operates a platform for accelerating global NFT adoption, has closed a US$4 million funding round, co-led by South Korea’s Hashed and Coin98 Ventures.
GuildFi, Istari Ventures, Republic Crypto, K300 Ventures, and other angel investors also participated.
The company will use the money for ecosystem expansion, including increasing the number of global Web3 projects and products built in its ecosystem.
Also Read: Are NFTs here to stay (with or without blockchain)?
“Web3 and NFTs are here to stay. Standing on the shoulders of giants, we will use this amount of funds to set up for the next cycle of continued development regardless of any market situation,” said Giang Tran, Founder and CEO of Aura Network.
Aura Network is an ecosystem focusing on building the Internet of NFTs and bringing NFT and Web3 to the masses. It helps companies develop projects through its ecosystem. The firm’s aim is to build a one-stop shop for minting, evaluating, and transacting NFTs.
The company’s development team is currently building several new products as a part of the ecosystem.
Also Read: The future of blockchain technology goes beyond just cryptocurrency and NFTs
Founded by a team of serial entrepreneurs and engineers in 2017, Hashed is a high-profile crypto investment firm in South Korea. It has invested in over 80 projects, namely Axie Infinity, The Sandbox, Cosmos, Klaytn, and MakerDAO.
Coin98 Ventures is the venture capital arm of Coin98 Finance, a Web3 Vietnam-based building hub. The firm seeks to invest in founders with disruptive ideas and innovative approaches across the Web3 stack, from layer-1 protocols and infrastructures to consumer-facing applications.
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