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Aura Network, an L1 providing open infrastructure with the use of modular technology stacks, has announced a new project. The platform is reportedly unveiling Aura EVM to increase the possibilities facilitating the developers in the Web3 sector as well as increase its adoption. On its official X account, the company disclosed insights into the project.
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โ Aura Network (@AuraNetworkHQ) May 23, 2024
Since its inception, Aura has led the way in the permissioned CosmWasm app chain space, with a strong focus on NFT and mass adoption solutions. We'veโฆ pic.twitter.com/feZY33kXhE
Aura Network Releases Aura EVM to Provide Web3 Developers with More Possibilities
It noted in its recent X post that the company is thoroughly focusing on non-fungible tokens and wide-level adoption solutions. It added that the platform has pioneered local account abstraction and established a resilient infrastructure. Keeping that in view, Aura Network is releasing its cutting-edge 2nd phase. In this respect, it intends to speed up the Web3 advancement with the adoption of Ethermiint Virtual Machine.
The EVM reportedly operates as a prominent smart contract apparatus worldwide. With this development, it has gained compatibility with the EVM. The respective upgrade denotes a huge shift in the journey of the platform. It transitions Aura into an interoperable and permissionless general-purpose layer. As a result of this, it now supports both the EVM and CosmWasm smart contracts.
The company pointed out its endeavor to offer an exclusive system message type for encapsulating the EVM messages. This enables their compatibility with Cosmos-based messages. The EVM compatibility permits the integration of DApps with Aura. These decentralized applications operate under famous crypto companies like Arbitrum, BNB Chain, Ethereum, and so on.
The Projectโs Interoperability Enables a Wide Deployment Environment for Developers
The interoperability provides convenience to the developers. Therefore, they can now select a preferred atmosphere for deployment. Despite the availability of several EVM-compatible chains, the advanced modular architecture of Aura gives more benefits to the developers. It provides a wider space for them to optimize and make Aura distinctive.