Cryptocurrency Industry News

Aura Network Launches Xstaxy Mainnet to Stimulate NFT Adoption

Published by
Written By: Michael Abadha
Share
    Summary:
  • Aura Network says that the mainnet launch is a big step in its efforts to expand into the Cosmos ecosystem and ease NFT onboarding.

Aura Network, an NFT-centric platform, has officially launched the Xstaxy Mainnet, in a key step in its efforts to speed up the widespread adoption of NFTs. After 15 months of development, the mainnet went live on March 20 at 13:00 UTC. The Xstaxy Mainnet is notable because it is the first layer-1 chain built on top of a smart contract protocol, and it is actively promoting NFT adoption across the Cosmos ecosystem.

What role does Aura hope to play in the adoption of NFTs?

Aura Network is a blockchain infrastructure provider that provides cutting-edge layer-1 solutions with the help of the Cosmos software development kit (SDK). Now that the Mainnet is live, the network will enter a new developmental phase. With the help of its partnerships with local businesses, brands, loyalty programs, and user community, Aura plans to increase the use of NFTs and is certain that it can take them to a new level.

The Network says its efforts thus far have been very fruitful, especially given the substantial backing it has received from leading VCs and blockchain projects. Aura’s goal is to expand the Cosmos open-source software ecosystem by capitalizing on the interoperability of the platform’s key infrastructure products with those of other Cosmos chains. Its ultimate goal is to provide a consistent and streamlined experience for both experienced NFT users and those who are new to the technology.

Aura Network’s team says that its development and success have been fueled in no little part by the recognition it has received from leading institutions. In anticipation of Aura’s mainnet launch, the team is excited to have the blockchain community on board for what they believe will be a revolutionary experience.

With the help of their staff of 70 expert validators, the network is introducing cutting-edge features that provide an unparalleled user experience. Its ultimate goal is to make this the “ideal” gateway for Web2 users to move into the Web3 era.

This post was last modified on Mar 20, 2023, 15:32 GMT 15:32

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha