- The Metaplex Foundation unveiled the Metaplex Aura Network on September 23, 2024.
- Aura serves as a decentralized indexing and data availability platform, aimed at enhancing the Solana and Solana Virtual Machine networks.
- MPLX experienced a 12% increase in value following the announcement and the overall uplift in the crypto market.
The Metaplex Foundation, a non-profit entity behind the Metaplex Protocol, has introduced a new decentralized indexing and data availability layer specifically for Solana (SOL).
Metaplex Aura Network is the newly launched platform that the Metaplex Foundation announced on September 23, highlighting its compatibility with both the Solana Virtual Machine and the Metaplex Program Library through a decentralized network that ensures real-time data availability.
1/ Introducing Metaplex Aura, a decentralized indexing and data availability network for @solana and the SVM, powered by $MPLX.
SVM + MPL + Aura = the ultimate solution for decentralized applications
Learn more
pic.twitter.com/AvoyggawKj
— Metaplex
(@metaplex) September 23, 2024
The Aura Network empowers Metaplex to broaden its developer offerings, providing builders with access to three essential components of the network: data availability, multi-program indexing, and elastic state management. Key advantages include enhanced flexibility, optimization, and scalability.
The native token of Metaplex, MPLX, will drive the Aura nodes.
Metaplex’s Community-Driven Launch Strategy
As stated in a blog post, the Metaplex Foundation adopted a “community-driven approach” to launch the Metaplex Aura Network, which involved collaborating with Solana and SVM developers for feedback and early implementation discussions.
Additionally, over 25 distinct projects participated in the rollout, spanning NFT marketplaces, game development, infrastructure providers, launchpads, and SVM layer 2 networks. Metaplex plans to make the Aura platform’s code open-source, enabling developers worldwide to contribute and take advantage of the tools and protocols available.
MPLX, which was trading at approximately $0.36 early on Monday, surged more than 12% over a 24-hour period, elevating the token’s price above $0.42. Daily trading volume surged by 87%, surpassing $2.8 million, fueled by buying pressure from broader market gains.
The overall positive momentum also contributed to Aave reaching a two-year high in early trading, while Arkham also saw a spike as AI tokens saw substantial gains.
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