Aurora Labs Launches TurboChain and TurboSwap, the First AI Meme Coin Blockchain and DEX

Aurora Labs, a software development company behind Aurora, is launching TurboChain and TurboSwap, the two new additions to the TURBO ecosystem

Software development company Aurora Labs, known for its Aurora product, is adding two new elements to the TURBO ecosystem, according to information shared with Finbold on December 17.

These updates, which are powered by the NEAR Protocol and Aurora's infrastructure, aim to enhance the system's DeFi services, token utility, and community-driven blockchain development.

A dedicated virtual chain for memes

As the first AI meme coin blockchain, TurboChain is a cutting-edge development for the crypto community. Built using Aurora's Virtual Chain technology, it offers the Turbo ecosystem fast speed, scalability, cross-chain compatibility, and customization options.

The new dedicated virtual chain will use the TURBO meme token for all transactions, highlighting its importance within the system with low fees and fast speeds, making it highly accessible to retail investors.

Additionally, TurboChain will support the creation of decentralized applications (dApps) and cross-chain compatibility with Ethereum (ETH), NEAR, and other major ecosystems.

TURBO community gains a new trading platform

The second addition to the ecosystem, TurboSwap, is a decentralized trading platform with low fees, fast execution, user-friendly experience, and cross-chain liquidity.

This will allow users' assets to seamlessly transact between Ethereum, Bitcoin (BTC), NEAR, Solana (SOL), Dogecoin (DOGE), TurboChain, and others.

Aurora Cloud

According to Aurora Labs, the launch of TurboChain and TurboSwap is part of their broader plan to launch 1,000 interconnected blockchains by 025 through Aurora Cloud.

In a statement to Finbold, Alex Shevchenko, CEO of Aurora Labs, said:

“TurboChain and TurboSwap show the power of Aurora Virtual Chains. They can turn ideas into scalable blockchain ecosystems.”

He added:

“With the Turbo Token community, we're setting a new standard for seamless blockchain innovation and interoperability.”

Aurora Cloud aims to foster the grassroots development of cheap, affordable, scalable virtual chains with no prerequisite tech skills. They also claim that their services aim to seamlessly integrate products with other major blockchain players in the crypto community.