Aurora is a blockchain ecosystem that combines Ethereum compatibility with NEAR Protocol's scalability, enabling fast transaction finality of approximately two seconds at a low cost of around $0.02 per transaction. It provides Web2 businesses with a streamlined path to Web3, facilitating affordable and efficient blockchain integration.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+3Founders
Product
Problem
Ethereum's scalability limitations lead to high transaction costs and slow finality, hindering its usability for many applications. Web2 businesses seeking to leverage blockchain technology face complexities and costs associated with integrating directly with Ethereum.
Solution
Aurora is an Ethereum Virtual Machine (EVM) compatible blockchain that runs on the NEAR Protocol, providing a solution for scalable and low-cost transactions. By leveraging NEAR's infrastructure, Aurora achieves fast transaction finality (approximately two seconds) and significantly lower transaction costs (around $0.02). Aurora offers Web2 businesses a streamlined and cost-effective pathway to integrate with Web3, enabling them to deploy decentralized applications (dApps) with the familiar Ethereum development experience but with improved performance and affordability. Aurora's virtual chains are fully customizable and run as smart contracts on NEAR, simplifying the setup process for developers.
Target Audience
The primary target audience includes Web2 businesses looking to transition to Web3, Ethereum developers seeking a more scalable and affordable platform, and users of decentralized applications.
Features
- EVM compatibility, allowing for easy migration of Ethereum-based dApps
- Fast transaction finality (approximately 2 seconds)
- Low transaction costs (approximately $0.02)
- Virtual chains that are fully customizable and run as smart contracts on NEAR
- Rainbow Bridge for seamless token transfers between Ethereum, NEAR, and Aurora
- Support for a wide range of infrastructure components, including block explorers, price oracles, and AMM exchanges
- Aurora Pass mobile wallet for free monthly transactions