The first blockchain layer 1 for NFTs to release an incentive staging network
SINGAPORE–(BUSINESS WIRE)–Aura Network will launch its staging network Euphoria on July 13, according to Aura Network’s announcement on its social media.
Aura Network is a Layer 1 blockchain that focuses on expanding the use of NFTs across various industries. With the vision of “Building the Internet of NFTs”, the project aims to create a complete ecosystem – a single destination for minting, evaluating and transacting NFTs. In order to achieve this goal, Aura Network has partnered with traditional brands, game studios and major intellectual property owners globally to bring more accessibility to NFT and Blockchain in general to their existing portfolio. .
In April, Aura Network successfully launched its 2 main testnets for dApp testing, namely Serenity and Halo. Both are tightly controlled networks with a limited number of validators controlled by the Aura team and a few other partners.
In order to create a close resemblance to its main network, Aura Network announced the release of its Staging Network codenamed Euphoria. This new environment will be equipped with the latest features for seeding, acquisition, voting, etc. external validators, with the goal of becoming an almost exact replica 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. As the tokens used in Euphoria are not Aura mainnet tokens, Aura Network will encourage validators to participate in Euphoria through the Incentive Validation Program (IVP).
The primary purpose of the incentive is not the pursuit of profit, but to compensate validators for the time and resources they devote to the network. Specifically, Euphoria Staging Network participants will receive 60 Aura tokens on the mainnet for every day a Validator Node runs in the IVP. Additionally, all Validators who complete the IVP will be included in the Aura mainnet genesis block.
The Euphoria Staging Network is next after Serenity and Halo to provide developers with an ideal environment leading to reality. This launch will be followed by the launch of the Aura mainnet, which is expected by the end of September 2022.
About the Aura Network
Aura Network is a scalable, agile and effortless Layer 1 blockchain with a comprehensive ecosystem designed to accelerate the global adoption of NFTs. Aura Network is focused on solving the problem of adoption of NFTs and blockchain technology in general, which is currently a very complex process.