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Sandeep Kumar Mishra
Feb 16, 2023

Hashed and Coin98 Lead Pre-Series A Funding Round of $4M for Aura Network

Aura Network
Hashed and Coin98 Ventures co-led the $4 million fundraising round that Aura Network closed yesterday. This is the next committed milestone before its Mainnet launches in the first quarter of 2023, following the announcement of its strategic advisory partnership with Republic Crypto.

Aura Network Strikes Investment Deal With Hashed

With Hashed’s investment, the most well-known crypto investment firm in South Korea, this is by far one of Aura Network's most significant fundraises. Over 80 projects from a variety of fields have been included in Hashed's investment portfolio over the past five years, including NFT brands like Axie Infinity and The Sandbox, blockchain networks like Cosmos and Klaytn, and DeFi protocols like MakerDAO.

Aura Network engaged notable blockchain projects in this fundraising round, including GuildFi, Istari Ventures, Republic Crypto, and additional angel investors. Additionally, strategic relationships with these partners and investors will provide guidance regarding the company's operations, product and business growth, marketing efforts, and other aspects.

How Will The Funding Be Used?

The funds will be used to expand the ecosystem of Aura Network, which will include increasing the number of global Web3 projects and products built within the ecosystem. Aura Network's development team is currently building several new products in preparation for the Mainnet launch. In its 2023 roadmap, the timetable for these products' release will be announced shortly.

Aura Network will propel the widespread adoption of NFTs and rise to the top of the Web3 building block with the help of angel investors and partners.

Hashed and Coin98 Lead Pre-Series A Funding Round of $4M for Aura Network
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

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