SINGAPORE – (BUSINESS WIRE) – Aura Network will launch its Euphoria staging network on July 13, according to Aura Network’s announcement on social media.
Aura Network is a layer-1 blockchain that focuses on expanding the use of NFTs across different industries. With the vision of “Building the Internet of NFTs”, the project aims to create a comprehensive ecosystem – a one-stop destination for the embossing, evaluation and transaction of NFTs. To achieve this goal, Aura Network has partnered with traditional brands, game studios and large IP owners on a global scale to provide more accessibility to NFT and Blockchain in general to their existing portfolio.
From April, Aura Network has launched its 2 main test networks for dApp testing, namely Serenity and Halo. Both are tightly controlled networks with a limited number of validators controlled by the Aura team and some other partners.
To create a close resemblance to the main network, Aura Network has announced the release of its Staging Network, codenamed Euphoria. This new environment will be equipped with the latest features for external validators, bootstrapping, earning, voting, etc., with the aim of becoming an almost exact copy of the Aura mainnet.
During the last week of June, Aura Network decided to invite 55 selected validators to join Euphoria and evaluate the security and decentralization aspect of the product. Since tokens used in Euphoria are not Aura mainnet tokens, Aura Network will encourage validators to participate in Euphoria through Incentivized Validator Program (IVP).
The primary goal of incentivization is not for the profit motive, but to compensate validators for the time and resources they spend on the network. In particular, participants in the Euphoria Staging Network will be rewarded with 60 Aura tokens on the Mainnet for each day they run a validation node in IVP. In addition, all validators that complete IVP will be included in the genesis block of the Aura mainnet.
Euphoria Staging Network is the next in line after Serenity and Halo to provide developers with an ideal environment that leads to the real thing. This launch will be followed by the Aura mainnet launch, which is expected at the end of September 2022.
About Aura Network
Aura Network is a scalable, flexible and effortless Layer-1 blockchain with a comprehensive ecosystem built to accelerate global NFT adoption. Aura Network focuses on solving the problem of using NFTs and blockchain technology in general, which is currently a very complex process.
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