Aura Network, a Hanoi, Vietnam-based provider of a NFT (non-fungible token) dedicated layer-1 blockchain based on Cosmos ecosystem, raised USD2.5M in Seed funding.

Backers included Coin98 Ventures, GBV Capital, Impossible Finance, Kucoin Labs, Kyber Ventures, GUILDFI, Avalanche, MEXC Pioneer, TPX Ventures, Redline Dao, OIG, Vanda Capital, Deo Network, Ahamove, Ecomobi and Pencil Group.

The company intends to use the funds to expand its development efforts.

Led by Tran Hoang Giang, Tran Dang Hoa and Steve Nguyen. Aura Network is a Layer-1 NFT-centric blockchain, built to accelerate global NFTs adoption by the Internet of Blockchain. Aura Network provides an open system, and infrastructure layer integrating NFTs into the Metaverse.

The company will release its Mainnet at the end of Quarter 3 of 2022.

Aura Network IDO will be held on the Impossible Finance

• Staking Period: 09/06/2022 02:00 PM (UTC) to 25/07/2022 10:00 AM (UTC). After completing KYC, stake IDIA into Impossible’s Launchpad staking contract which will record user’s staked IDIA balances. User’s IDIA balance will be captured onchain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
• Purchase Period: 25/07/2022 02:00 PM (UTC) to 27/07/2022 10:00 AM (UTC). Subscription will open at this time for all eligible users for approximately 24 hours depending on BSC block times. Users may elect to purchase any amount of AURA up to the allocation derived from the staking period.
• Claiming Period: No earlier than 28/07/2022. Exact timing and details to be confirmed by Aura Network closer to the time. Users will be able to claim their AURA tokens on the Impossible Launchpad.