Lisbon, Portugal, Might ninth, 2024, Chainwire
Azuro, the main liquidity layer for onchain predictions, and Chiliz, the world’s premier sports activities and leisure blockchain, are partnering as much as speed up the adoption of onchain sport prediction markets. These efforts will enable hundreds of thousands of followers worldwide to additional assist and cheer for his or her favourite groups and athletes by way of truthful and clear prediction apps.
Chiliz Chain is famend for its blockchain options that rework fan engagement in sports activities by way of options like fan tokens and interactive engagement platforms. By means of its flagship enterprise Socios.com, the community has expanded considerably to assist greater than 80 sport-related fan tokens and 2M+ ecosystem customers. Staff-specific fan tokens for the very best soccer golf equipment, together with FC Barcelona, Inter Milan, Juventus, Paris Saint-Germain, Manchester Metropolis, and lots of extra, are all at the moment supported by Chiliz Chain by way of Socios.
The community leverages a Proof of Staked Authority (PoSA) consensus algorithm which permits good contract builders, validators, stakers, and different stakeholders to actively work together with the chain. Chiliz Chain is constructed to energy sports activities and leisure functions with a concentrate on model IP and undertaking use-case integrity.
For Chiliz, partnering with Azuro represents a step towards tapping into the quickly rising onchain prediction markets by the hand of the de facto infrastructure layer for sports activities prediction functions throughout EVM chains. Its revolutionary liquidity pool design, superior tooling and oracle options enable apps to launch with out upfront funding or operating prices, enabling them to focus totally on consumer acquisition, engagement and monetization from minute one.
Azuro’s strong platform, at the moment helps over 25 energetic functions with transaction volumes surpassing $290 million, gives a great atmosphere for Chiliz to broaden its choices within the sports activities and leisure sectors.
As a part of this collaboration, Chiliz will likely be built-in into the Azuro Protocol, including to the prevailing supported chains akin to Polygon and Gnosis Chain. This integration will allow Chiliz to broaden its attain inside sports-focused prediction functions. New and current builders counting on Azuro infrastructure will have the ability to join their apps to the Chiliz Chain and permit their customers to position transactions with the blockchain’s native token CHZ.
“Integrating with Azuro marks a pivotal transfer for Chiliz Chain to capitalize on the quickly increasing onchain prediction market,” mentioned Alexandre Dreyfus, CEO of Chiliz and Socios.com. “Leveraging Azuro’s superior infrastructure, we’re empowering builders to innovate inside the sports activities and gaming sectors.”
Rossen, a core contributor at Azuro, said, “The onchain prediction markets have all the time been strongly tied to the sports activities and leisure sector. Working alongside Chiliz Chain, the main blockchain on this section, looks like an apparent step for us. Azuro’s strong infrastructure will assist broaden Chiliz Chain’s usability inside the fast-growing onchain prediction markets.”
Trying forward, Azuro and Chiliz will likely be quickly launching a co-sponsored grants program geared toward incentivizing app builders to construct on their mixed infrastructure. These initiatives, together with bounties for the primary apps, are designed to gas additional adoption of onchain prediction markets, and aligned with Azuro’s imaginative and prescient for setting new transparency and equity requirements.
About Azuro
Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity options for EVM chains to host highly effective prediction and gaming apps.
With its distinctive infrastructure layer method Azuro makes on-chain predictions and gaming transportable and composable. It permits anybody to have interaction and monetize customers by constructing apps, integrations, and merchandise shortly, permissionlessly and with zero upfront or operating prices.
For extra info or press inquiries, please contact group@azuro.org
About Chiliz
Chiliz is the house of SportFi, the place sports activities manufacturers meet decentralized alternatives. Its infrastructure is pushed by the Chiliz Chain, the primary Layer-1 EVM appropriate blockchain for sports activities and leisure which now has a various ecosystem, fuelled by Chiliz native token CHZ. Its main product on the Chiliz Chain, Socios.com, hosts a worldwide neighborhood of over two million customers, which makes it the biggest non-finance/trading-centric Web3 consumer-facing product globally by consumer base. It hase partnerships with numerous manufacturers, together with the giants of world sport akin to FC Barcelona, Paris Saint-Germain, Manchester Metropolis, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S. Roma and main F1 groups.
Contact
Azuro groupgroup@azuro.org
