{"id":9203,"date":"2025-06-04T17:39:24","date_gmt":"2025-06-04T17:39:24","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=9203"},"modified":"2025-06-04T17:39:29","modified_gmt":"2025-06-04T17:39:29","slug":"shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/06\/04\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\/","title":{"rendered":"Shards Protocol Secures $2M to Boost Aura, Its Web3 Reputation and Rewards Layer"},"content":{"rendered":"\n<p>Shards Protocol has raised $2 million in a strategic funding round to advance the development of <em>Aura<\/em>, a novel Web3 reputation system designed to convert users\u2019 on-chain activity into tangible reputation metrics and reward mechanisms. The funding round saw participation from major industry players including Animoca Brands, Kyber Ventures, and Yield Guild Games.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Aura: Turning On-Chain Activity into Reputation<\/h3>\n\n\n\n<p>At the heart of Shards Protocol\u2019s mission is <em>Aura<\/em> a recognition and rewards layer that brings meaning and visibility to users&#8217; on-chain contributions. Users can earn badges and build a verifiable reputation profile based on their blockchain activity. These digital accolades are not only visible within Web3 platforms but also prominently displayable on social platforms like X (formerly Twitter), allowing users to showcase their Web3 credentials publicly.<\/p>\n\n\n\n<p>As users mint more badges through activities such as participating in DAOs, engaging with DeFi protocols, or supporting NFT communities, they unlock tiered rewards, encouraging ongoing interaction across the Web3 ecosystem.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Backed by Industry Leaders<\/h3>\n\n\n\n<p>The $2 million funding round marks a significant step in Shards Protocol\u2019s evolution. With backing from Animoca Brands, Kyber Ventures, and Yield Guild Games, the project is positioned to expand Aura\u2019s integration across various dApps and blockchain environments.<\/p>\n\n\n\n<p>Gabby Dizon, co-founder of Yield Guild Games, praised the initiative, stating:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAura by Shards is exploring ways to recognize what people are doing on-chain and connect them with opportunities. It\u2019s always good to see more projects building toward better ways for Web3 communities to grow and organize.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">From SDK to Social Layer: The Evolution of Shards Protocol<\/h3>\n\n\n\n<p>Formerly known as Shards.Tech, the company initially provided a developer-focused SDK that allowed game studios to tokenize engagement by enabling players to trade fractional shares of gaming teams. During its private alpha in 2024, this model drove a 200% increase in retention and over $400,000 in trading volume.<\/p>\n\n\n\n<p>However, as CEO and co-founder Stefano D\u2019Silva noted, the team quickly saw a broader opportunity:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe onboarded over 1 million users across all products and generated $1M+ in trading volume, but we quickly realised that Web3 needed more. That is why we introduced our flagship product Aura\u2014a recognition layer that transforms your on-chain contributions into reputation and rewards.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">What\u2019s Next?<\/h3>\n\n\n\n<p>Looking ahead, Shards Protocol plans to roll out more integrations, expand Aura&#8217;s feature set, and move toward a native token launch. The project aims to become a fundamental layer in the Web3 ecosystem, empowering individuals and communities to gain recognition and utility from their on-chain behavior.<\/p>\n\n\n\n<p>With this funding, Aura could become a central pillar in how digital identity and contribution are measured across decentralized networks making blockchain activity not just trackable, but meaningful.<\/p>\n\n\n\n<p><strong>About Shards Protocol<\/strong><br>Shards Protocol is a Web3 infrastructure project developing <em>Aura<\/em>, a decentralized reputation and rewards system built on top of blockchain activity. With a focus on recognition, transparency, and interoperability, the company aims to drive engagement and trust across decentralized ecosystems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shards Protocol has raised $2 million in a strategic funding round to advance the development of Aura, a novel Web3 reputation system designed to convert users\u2019 on-chain activity into tangible reputation metrics and reward mechanisms. The funding round saw participation from major industry players including Animoca Brands, Kyber Ventures, and Yield Guild Games. Aura: Turning&#8230;<\/p>\n","protected":false},"author":3,"featured_media":9204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,63],"tags":[252,1151,1133],"class_list":["post-9203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","tag-protocol","tag-shards","tag-web-3"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shards Protocol Secures $2M to Boost Aura, Its Web3 Reputation and Rewards Layer - Crypto News<\/title>\n<meta name=\"description\" content=\"Shards Protocol secures $2M in funding to expand Aura, its Web3 reputation and rewards system that turns on-chain activity into verifiable badges and incentives. Backed by Animoca Brands and Yield Guild Games, Aura aims to redefine digital identity in the decentralized ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/06\/04\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shards Protocol Secures $2M to Boost Aura, Its Web3 Reputation and Rewards Layer - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Shards Protocol secures $2M in funding to expand Aura, its Web3 reputation and rewards system that turns on-chain activity into verifiable badges and incentives. Backed by Animoca Brands and Yield Guild Games, Aura aims to redefine digital identity in the decentralized ecosystem.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/06\/04\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-04T17:39:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-04T17:39:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2025\/06\/11-2-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Digital Vibe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Digital Vibe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/\"},\"author\":{\"name\":\"Digital Vibe\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/person\\\/56afc0b5a42e13762ccad410f131f96a\"},\"headline\":\"Shards Protocol Secures $2M to Boost Aura, Its Web3 Reputation and Rewards Layer\",\"datePublished\":\"2025-06-04T17:39:24+00:00\",\"dateModified\":\"2025-06-04T17:39:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/\"},\"wordCount\":497,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/11-2.png\",\"keywords\":[\"protocol\",\"Shards\",\"web 3\"],\"articleSection\":[\"Blockchain\",\"Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/\",\"name\":\"Shards Protocol Secures $2M to Boost Aura, Its Web3 Reputation and Rewards Layer - Crypto News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/06\\\/04\\\/shards-protocol-secures-2m-to-boost-aura-its-web3-reputation-and-rewards-layer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/11-2.png\",\"datePublished\":\"2025-06-04T17:39:24+00:00\",\"dateModified\":\"2025-06-04T17:39:29+00:00\",\"description\":\"Shards Protocol secures $2M in funding to expand Aura, its Web3 reputation and rewards system that turns on-chain activity into verifiable badges and incentives. 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