The Innovative Virtual Chain Technology by Aurora Labs
Aurora Labs, as the EVM compatible layer of NEAR protocol, specializes in offering services in virtual chains. Their mission is to empower projects to launch their own chains, creating their own ecosystems and environments. In an exclusive interview at TOKEN2049 in Dubai, Eric Spivak sat down with Declan Hannon, VP of Growth at Aurora Labs, to delve into his role and experiences within the company.
Before Aurora Labs, launching a dedicated blockchain network required extensive coding, testing, and deployment, costing valuable time and resources. However, with Aurora Labs’ virtual chain technology, projects can now launch customized chains without any coding. This eliminates the complexity of building a blockchain network from scratch and reduces costs significantly, allowing projects to focus on building their products.
Declan highlights the efficiency of Aurora Labs, emphasizing that anyone, not just engineers, can visit their website and launch their own chain in a fraction of the time it takes to complete a typical introduction. This accessibility opens up the benefits of blockchain technology to various industries and businesses without the need for technical expertise.
Virtual chains, deployed on NEAR Protocol, offer seamless deployment and scalability opportunities. NEAR’s developer-friendly approach and horizontal scaling capabilities make it a top choice for builders looking to deploy their virtual chains, ensuring faster transaction speeds and a stable platform for development.
Interoperability is unlocked with Aurora Labs’ ‘The Forwarder’ protocol, allowing assets from various platforms to be used across different chains. Additionally, Near Intense, the first multi-chain DEX, simplifies asset swapping across networks, driving mainstream adoption of decentralized finance.
By simplifying the integration process with blockchain technology, Aurora Labs invites Web2 companies to explore the benefits of blockchain and collaborate with Web3 entities. The upcoming ‘Virtual Chain Marketplace’ promises to provide comprehensive support for projects entering their ecosystem, including tokenomics simulators and legal assistance.
Declan and the team at Aurora Labs are dedicated to offering a holistic solution for blockchain projects, from development to launch, ensuring the growth and success of each project in their ecosystem.