In the ever-changing landscape of blockchain technology, Aurora is a next-generation blockchain compatible with Ethereum. Powered by the NEAR protocol, Aurora’s innovative ecosystem, including Aurora Cloud, offers Web2 businesses a way to capture the value of Web3. In an exclusive interview during ETHCC 6 in Paris, with Alex Shevchenko, CEO of Aurora, we explore how this project works and its ambitions for the future.
The revolution of Smart Contracts
Aurora positions itself as a revolutionary smart contract platform, running on top of the NEAR blockchain. Alex highlights the uniqueness of Aurora by stating that it integrates the entire Ethereum Virtual Machine (EVM) into a single smart contract. This complex configuration enables faster smart contracts, which form the backbone of Aurora’s ecosystem, where individuals can deploy their own networks. Thanks to Aurora Clouda convenient one-stop-shop, fintech companies find the perfect platform to seamlessly integrate their operations.
Unleash the potential of Web3 with Aurora
Aurora’s ambitions go beyond the blockchain world. Alex shares his belief that the complexity of technology in the crypto space has limited its potential to attract more people and businesses. Although the blockchain offers a powerful foundation, the path to widespread adoption lies in building exceptional apps, like the success of Web2. Aurora seeks to bridge this gap, making blockchain convenient and accessible to web2 businesses, encouraging them to embrace the technology. By managing, controlling, and supporting technology, Aurora Cloud paves the way for real-world asset applications, propelling the space forward and becoming the go-to technology provider.
Switch from Web2 to Web3
Alex highlights a booming sector – user engagement, gaming and loyalty platforms – which can benefit significantly from blockchain integration, especially through the concept of NFTs (non-fungible tokens). The transition from Web2 to Web3 requires speaking the same language as traditional businesses. Rather than looking to disrupt or completely replace existing systems, Aurora aims to find common ground, emphasizing greater user engagement and making it easy for companies to convert that into profit. Real-world asset tokenization, fractionalization, and better liquidity all contribute to a smoother transition to the Web3 ecosystem.
Concrete example: Empower, the green energy revolution thanks to the Blockchain
A captivating example of the power of blockchain in the green energy sector is that of Empower, a green energy expert for more than 15 years, specializing in solar farms. Having accumulated funds through investments, they buy equipment, install it, produce green energy and achieve a remarkable return on investment of 15-20%. Strongly inclined to embrace blockchain technology, Empower enlisted Aurora to transform their business model using tokens.
Survive the Bear Market and beyond
Reflecting on the difficult times in the bear market, Alex shares his optimism about the resilience and growth of the crypto industry. While most assets have seen turbulence, he points out that the priority must remain construction and innovation, ensuring that the industry thrives despite market fluctuations. Within Aurora’s internal dynamics, strong community and developers play a vital roleand Alex expresses his gratitude for their unwavering support.
The roadmap ahead
Aurora’s roadmap primarily focuses on integration of additional Layer 2 functionality For improve the scalability and usability of the ecosystem. With the core technology already established, the focus is now on bringing in more companies, especially in the CIS countries, where the idea of decentralization and an absence of censorship resonates favorably. . However, Alex also points out the importance of engaging with progressive democracies like the EU and the USwhich have significant financial resources and significant investment potential.
Aurora Token and Price Speculation
Regarding the historical price of the token, Alex clarifies that the initial rise during the IDO was due to a unique token distribution mechanism. Since then, liquidity has increased, making Aurora’s current position more stable. However, he refrains from making predictions and encourages investors to do their own research.
The Importance of ETHCC
For Aurora, events such as ETHCC are of great importance because they serve as a bridge between two ecosystems, Ethereum and NEAR. Aurora strives to help expand Ethereum while benefiting from NEAR’s settlement features, merging the best of both worlds. As an EU-based company, ETHCC offers an ideal platform to connect with the Ethereum community and explore exciting opportunities for collaboration and growth.
Find our full article on ETHCC 6 here.
In conclusion, Aurora’s vision for a simplified and integrated Web3 experience has the potential to revolutionize the way businesses and individuals interact with blockchain technology. With a focus on user engagement, simplicity, and real-world applications, Aurora aims to be at the forefront of crypto industry growth, embracing its vision of a brighter future. radiant for Web3.
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