Lisbon, Portugal, May 9, 2024, Chainwire
Azurothe main liquidity layer for on-chain prediction, and Chili’s, the world’s leading sports and entertainment blockchain, has partnered to accelerate the adoption of an on-chain sports prediction market. These initiatives will enable millions of fans around the world to further support and cheer on their favorite teams and athletes through a fair and transparent predictions app.
Chiliz Chain is known for blockchain solutions that transform fan engagement in sports through features such as fan tokens and interactive engagement platforms. Through its flagship venture, Socios.com, the network has expanded significantly, supporting over 80 sports-related fan tokens and over 2 million ecosystem users. Team-specific fan tokens from the best soccer clubs, including FC Barcelona, Inter Milan, Juventus, Paris Saint-Germain, Manchester City, and more, are all currently supported by Chiliz Chain through Socios.
The network leverages the Proof of Staked Authority (PoSA) consensus algorithm, which allows smart contract developers, validators, stakers, and other stakeholders to proactively interact with the chain. Chiliz Chain is built to power sports and entertainment applications with a focus on brand IP and project use case alignment.
For Chiliz, the partnership with Azuro represents a step towards entering the rapidly growing on-chain prediction market with a de facto infrastructure layer for sports prediction applications across the EVM chain. Its innovative liquidity pool design, advanced tools, and oracle solutions allow you to launch your app with no upfront investment or running costs, allowing you to fully focus on user acquisition, engagement, and monetization from the beginning.
Azuro’s robust platform currently supports over 25 active applications with over $290 million in transaction volume, providing an ideal environment for Chiliz to expand its services in the sports and entertainment space. It offers.
As part of this collaboration, Chiliz will be integrated into the Azuro protocol and added to existing supported chains such as Polygon and Gnosis Chain. This integration will allow Chiliz to expand its range of sports-focused predictive applications. New and existing builders that rely on Azure infrastructure will be able to connect their apps to Chiliz Chain and allow users to perform transactions using the blockchain’s native token CHZ.
said Alexandre Dreyfus, CEO of Chiliz and Socios.com. “The integration with Azuro is a pivotal move for Chiliz Chain to take advantage of the rapidly expanding on-chain prediction market. We are helping you innovate in sports and gaming.”
Rossen, a core contributor to Azure, said: “On-chain prediction markets have always been strongly connected to the sports and entertainment sector. Working with Chiliz Chain, the leading blockchain in this space, feels like an obvious step for us. Azure’s robustness This infrastructure will help expand Chiliz Chain’s ease of use within the rapidly growing on-chain prediction market.”
Looking ahead, Azuro and Chiliz will soon launch a co-sponsored grant program aimed at encouraging app developers to build on a unified infrastructure. These initiatives, including rewards for first apps, are designed to encourage further adoption of on-chain prediction markets and are consistent with Azure’s vision to set new standards of transparency and fairness. Masu.
About Azuro
Azure is an on-chain prediction layer. It consists of modular tools, oracles, and liquidity solutions for EVM chains to host powerful prediction and gaming apps.
Azure makes on-chain predictions and games portable and composable with a unique infrastructure layer approach. This allows anyone to engage and monetize their users by building apps, integrations, and products quickly and without permission, with zero upfront or running costs.
For more information or media inquiries, please contact team@azuro.org.
About Chili’s
Chiliz is home to SportFi, where sports brands meet decentralized opportunities. Its infrastructure is powered by Chiliz Chain, the first layer 1 EVM compatible blockchain for sports and entertainment, and now features a diverse ecosystem powered by Chiliz native token CHZ. Chiliz Chain’s flagship product, Socios.com, hosts a global community of over 2 million users, making it the world’s largest non-finance/trade consumer Web3 product by user base. Masu. Countless others, including giants of world sport such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, SSC Napoli, Inter Milan, AC Milan, Arsenal, Atletico Madrid, AS Roma and major F1 teams. We are partnering with brands.
contact
azlo team
team@azuro.org
Source: www.the-blockchain.com
