The Metaplex Foundation announced the Metaplex Aura Network on September 23, 2024. Aura is a decentralized indexing and data availability platform designed to scale the Solana and Solana Virtual Machine networks. This news, along with a surge in the cryptocurrency market overall, caused the price of MPLX to rise by 12%.
The Metaplex Foundation, the nonprofit organization that supports the Metaplex protocol, has announced a new distributed indexing and data availability layer for Solana (SOL).
The Metaplex Aura Network is a new platform announced by the Metaplex Foundation on September 23rd, which said the new platform complements the Solana Virtual Machine and Metaplex program library with a decentralized network for real-time data availability.
1/ Introducing Metaplex Aura, a distributed indexing and data availability network for @solana and SVM, powered by $MPLX.
SVM + MPL + Aura = A Full Stack for Decentralized Applications 🦾
More details here 👇 pic.twitter.com/AvoyggawKj
— Metaplex 🦾 (@metaplex) September 23, 2024
With Aura Network, Metaplex expands its developer solutions, giving developers access to three key network components: data availability, multi-program indexing, and flexible state management. Key benefits include flexibility, optimization, and scalability.
The native Metaplex token, MPLX, powers Aura Nodes.
Metaplex takes a community approach to launch
As detailed in the blog post, the Metaplex Foundation chose a “community-driven approach” to bring the Metaplex Aura Network to market, which included the involvement of Solana and SVM developers who provided feedback and the opportunity for the Metaplex team to consider early implementations.
Additionally, the rollout saw the participation of over 25 unique projects, ranging from NFT marketplaces, game development, infrastructure providers and launchpads to creators and SVM Layer 2 networks. Metaplex will open-source the Aura Platform code, allowing developers from all over the world to contribute and benefit from the available tools and protocols.
Trading around $0.36 early Monday morning, MPLX rose more than 12% in 24 hours. The rally pushed the token’s price above $0.42. Daily trading volume increased 87% to more than $2.8 million as the overall market rally led to increased buying pressure.
The overall upward momentum saw Aave’s price hit a two-year high at the start of trading.As the AI token surged, so did Arkham.
