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Azura completed a $6.9 million investment round backed by the Winklevoss twins, Volt Capital and Alliance DAO.
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Azura, a new all-in-one crypto application aggregation layer, has launched with support from some of the most notable crypto founders.
Azura, which brands itself as an onchain interfacing layer, launched on Oct. 22, aims to lower the entry barrier for new investors and enable them to trade any asset via decentralized finance (DeFi) applications.
Azura aims to support all blockchains and protocols, according to an Oct. 22 X post:
“Azura aggregates all major forms of decentralized infrastructure into a single application. By bundling functionality and abstracting away complexity, Azura preserves the benefits of DeFi—self-custody, decentralization, and transparency—while lowering its barrier to entry.”
The application and interfacing standard. Source: Azura
DeFi users must currently interact with numerous blockchains, protocols, Web3 wallets and blockchain bridges to perform cross-chain transactions.
Azura interface. Source: Azura
According to Azura, this DeFi application fragmentation is a “significant barrier to adoption,” which discourages crypto-beginners from using decentralization applications.
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This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
