Lisbon, Portugal, May 9th, 2024, Chainwire
Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, have joined forces to boost the adoption of onchain sports prediction markets. This collaboration aims to enable millions of fans worldwide to further engage and support their favorite teams and athletes through transparent and fair prediction apps.
Chiliz Chain is well-known for its blockchain solutions that enhance fan engagement in sports with features like fan tokens and interactive platforms. Through its flagship project Socios.com, the network has grown significantly to accommodate over 80 sport-related fan tokens and more than 2 million ecosystem users. Chiliz Chain supports team-specific fan tokens for top football clubs such as FC Barcelona, Inter Milan, Juventus, Paris Saint-Germain, Manchester City, and more, via Socios.
Utilizing a Proof of Staked Authority (PoSA) consensus algorithm, the network allows smart contract developers, validators, stakers, and other participants to actively engage with the chain. Chiliz Chain is designed to power sports and entertainment applications while prioritizing brand IP and project use-case integrity.
For Chiliz, the collaboration with Azuro signifies a strategic move to tap into the expanding onchain prediction markets through the infrastructure layer for sports prediction applications across EVM chains. Azuro’s innovative liquidity pool design, advanced tools, and oracle solutions enable apps to launch without upfront investment or running costs, allowing them to focus on user acquisition, engagement, and monetization from inception.
Azuro’s robust platform currently supports over 25 active applications with transaction volumes exceeding $290 million, providing an ideal environment for Chiliz to grow its presence in the sports and entertainment sectors.
As part of the partnership, Chiliz will be integrated into the Azuro Protocol, alongside existing supported chains like Polygon and Gnosis Chain. This integration will expand Chiliz’s footprint within sports-focused prediction applications, enabling developers to connect their apps to Chiliz Chain and facilitate transactions with the blockchain’s native token CHZ.
Alexandre Dreyfus, CEO of Chiliz and Socios.com, commented, “Integrating with Azuro is a significant move for Chiliz Chain to capitalize on the expanding onchain prediction market. By leveraging Azuro’s advanced infrastructure, we are empowering developers to innovate within the sports and gaming sectors.”
Rossen, a core contributor at Azuro, added, “The relationship between onchain prediction markets and the sports and entertainment industry has always been strong. Collaborating with Chiliz Chain, the leading blockchain in this space, is a natural progression for us. Azuro’s robust infrastructure will enhance Chiliz Chain’s usability within the fast-growing onchain prediction markets.”
In the near future, Azuro and Chiliz will launch a co-sponsored grants program to incentivize app developers to leverage their combined infrastructure. These initiatives, including bounties for initial apps, aim to drive further adoption of onchain prediction markets, aligning with Azuro’s commitment to setting new transparency and fairness standards.
About Azuro
Azuro is the onchain predictions layer that provides modular tools, oracle, and liquidity solutions for EVM chains to host powerful prediction and gaming apps. Their unique infrastructure allows for on-chain predictions and gaming to be portable and composable, enabling quick and permissionless development and monetization of apps, integrations, and products without upfront or running costs.
For more information or press inquiries, please contact [email protected]
About Chiliz
Chiliz is the home of SportFi, where sports brands intersect with decentralized opportunities. Powered by Chiliz Chain, the first Layer-1 EVM compatible blockchain for sports and entertainment, the ecosystem is fueled by the Chiliz native token CHZ. Their flagship project, Socios.com, boasts a global community of over two million users, positioning it as the largest non-finance/trading-centric Web3 consumer-facing product globally. Chiliz has partnered with leading sports brands including FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, and more.
Contact
Azuro team: [email protected]
