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Aurora launches $90M fund to finance DeFi apps on Near Protocol

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Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. Are you bullish on $NEAR?

Funding was provided by Aurora Labs, which allocated 25 million AURORA tokens — currently valued at roughly $90 million — from its DAO treasury to proximity labs.

The Aurora Labs team believes that the token-based funding structure will also increase activity across the network.

 

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Near is about to get annihilated just like Luna

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