Aurora Labs Studio has launched a dedicated network and exchange for the TURBO ecosystem.

This is a memecoin created in April 2023 using the ChatGPT chatbot.

Aurora Labs also aims to launch 1000 blockchains by 2025.

Aurora Labs announced the launch of two new solutions aimed at expanding the TURBO token ecosystem — the TurboChain network and the TurboSwap platform. This was reported to Incrypted by the organization.

Both solutions utilize Aurora's infrastructure, marking an important milestone in DeFi innovations, tokenization, and community-oriented blockchain technologies, the company believes. Recall that the Aurora project itself is an Ethereum Virtual Machine (EVM) created by the NEAR team.

TurboChain: dedicated network for the TURBO token

According to the team, this is the first "AI Memecoin blockchain." It is designed using Aurora's virtual network technology and provides high speed, scalability, and customizability, offering new opportunities for the Turbo ecosystem, the company emphasized.

This asset is the main one for all settlements in the network, which increases its utility and value, the developers stated. At the same time, high speed and low fees make TurboChain accessible to retail investors, facilitating its expansion.

Thanks to the use of Aurora's infrastructure, the network is seamlessly connected to NEAR and Ethereum, as well as other major ecosystems. It also provides developers with a reliable foundation for building dApps, the team noted.

Developers believe that TurboChain expands the boundaries of blockchain innovation and is an example of the future of memecoins created based on AI.

TurboSwap: next-generation trading solution

As noted in the release, TurboSwap is a new definition of decentralized trading. According to the team, the platform offers fast execution and low costs. Thanks to cross-chain liquidity, user assets can move freely between ecosystems such as Ethereum, NEAR, Bitcoin, Solana, Arbitrum, Base, DOGE, and TurboChain.

Accelerating innovations in blockchain

The release states that the launch of new solutions is just the first step for Aurora Labs in launching 1000 interconnected blockchains by 2025. Each network will have access to the Aurora Cloud toolkit, simplifying scaling and innovation implementation.

"TurboChain and TurboSwap demonstrate the power of Aurora's virtual chains. They can turn ideas into scalable blockchain ecosystems. Together with the TURBO community, we are setting a new standard for seamless innovation and blockchain compatibility," said Aurora Labs CEO Alex Shevchenko.

Aurora Cloud: simplifying blockchain launch

The solution allows for the rapid deployment of cheap scalable virtual chains. As the team noted, no technical skills are required for this.

Among the advantages of Aurora's infrastructure, developers highlighted:

available deployment that significantly reduces operational costs;

high scalability, enabling the processing of large volumes of transactions and supporting growing communities;

seamless integration, for example, with NEAR and Ethereum.

Developers compared deploying a blockchain with Aurora Cloud to launching a store using the Shopify service. They said it is just as fast and easy.

Recall that the TURBO memecoin was launched at the end of April 2023 via ChatGPT. By the beginning of May, the asset's market capitalization exceeded $50 million.