Aura Network to release Euphoria Staging Network

(Graphic: Business Wire)

KUALA LUMPUR, July 12 (Bernama) -- Aura Network, a layer-1 blockchain that focuses on expanding the use of non-fungible tokens (NFTs) across various industries, is launching its Euphoria staging network on July 13.

With the vision of “Building the Internet of NFTs”, the project aims to create a comprehensive ecosystem -- a one-stop destination for minting, evaluating and transacting NFTs.

In a statement, Aura Network said, in order to achieve this goal, it has partnered with traditional brands, game studios and major Intellectual Property (IP) owners on a global scale to bring more accessibility to NFT and Blockchain in general to their existing portfolio.

As of April, Aura Network had successfully launched its two 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 some other partners.

In order to create a close resemblance to its mainnet, Aura Network has announced to release its Staging Network with the code name of Euphoria. This new environment will be equipped with the latest features for external validators bootstrapping, vesting, and voting, among others, aiming to become a near exact replica of Aura mainnet.

During the last week of June, Aura Network had invited 55 selected validators to join Euphoria and evaluate the security and decentralisation aspect of the product.

As tokens used in Euphoria are not Aura mainnet tokens, Aura Network will encourage validators to take part in Euphoria through the Incentivised Validator Programme (IVP).

The Euphoria Staging Network is the next in line after Serenity and Halo to give developers an ideal environment leading up to the real thing. This launch will be followed by the Aura mainnet launch, which is expected by the end of September 2022.

-- BERNAMA