Azuro and Chiliz Working Together to Boost Adoption of Onchain Sport Prediction Markets

Lisbon,
Portugal,
May
9th,
2024,
Chainwire

Azuro,
the
leading
liquidity
layer
for
onchain
predictions,
and

Chiliz,
the
world’s
premier
sports
and
entertainment
blockchain,
are
partnering
up
to
accelerate
the
adoption
of
onchain
sport
prediction
markets.
These
efforts
will
allow
millions
of
fans
worldwide
to
further
support
and
cheer
for
their
favorite
teams
and
athletes
through
fair
and
transparent
prediction
apps.

Chiliz
Chain
is
renowned
for
its
blockchain
solutions
that
transform
fan
engagement
in
sports
through
features
like
fan
tokens
and
interactive
engagement
platforms.
Through
its
flagship
venture
Socios.com,
the
network
has
expanded
significantly
to
support
more
than
80
sport-related
fan
tokens
and
2M+
ecosystem
users.
Team-specific
fan
tokens
for
the
best
football
clubs,
including
FC
Barcelona,
Inter
Milan,
Juventus,
Paris
Saint-Germain,
Manchester
City,
and
many
more,
are
all
currently
supported
by
Chiliz
Chain
through
Socios.

The
network
leverages
a
Proof
of
Staked
Authority
(PoSA)
consensus
algorithm
which
allows
smart
contract
developers,
validators,
stakers,
and
other
stakeholders
to
actively
interact
with
the
chain.
Chiliz
Chain
is
built
to
power
sports
and
entertainment
applications
with
a
focus
on
brand
IP
and
project
use-case
integrity.

For
Chiliz,
partnering
with
Azuro
represents
a
step
toward
tapping
into
the
rapidly
growing
onchain
prediction
markets
by
the
hand
of
the
de
facto
infrastructure
layer
for
sports
prediction
applications
across
EVM
chains.
Its
innovative
liquidity
pool
design,
advanced
tooling
and
oracle
solutions
allow
apps
to
launch
without
upfront
investment
or
running
costs,
enabling
them
to
focus
entirely
on
user
acquisition,
engagement
and
monetization
from
minute
one.

Azuro’s
robust
platform,
currently
supports
over
25
active
applications
with
transaction
volumes
surpassing
$290
million,
offers
an
ideal
environment
for
Chiliz
to
expand
its
offerings
in
the
sports
and
entertainment
sectors.

As
part
of
this
collaboration,
Chiliz
will
be
integrated
into
the
Azuro
Protocol,
adding
to
the
existing
supported
chains
such
as
Polygon
and
Gnosis
Chain.
This
integration
will
enable
Chiliz
to
expand
its
reach
within
sports-focused
prediction
applications.
New
and
existing
builders
relying
on
Azuro
infrastructure
will
be
able
to
connect
their
apps
to
the
Chiliz
Chain
and
allow
their
users
to
place
transactions
with
the
blockchain’s
native
token
CHZ.

“Integrating
with
Azuro
marks
a
pivotal
move
for
Chiliz
Chain
to
capitalize
on
the
rapidly
expanding
onchain
prediction
market,”
said
Alexandre
Dreyfus,
CEO
of
Chiliz
and
Socios.com.
“Leveraging
Azuro’s
advanced
infrastructure,
we’re
empowering
developers
to
innovate
within
the
sports
and
gaming
sectors.”

Rossen,
a
core
contributor
at
Azuro,
stated,
“The
onchain
prediction
markets
have
always
been
strongly
tied
to
the
sports
and
entertainment
sector.
Working
alongside
Chiliz
Chain,
the
leading
blockchain
in
this
segment,
feels
like
an
obvious
step
for
us.
Azuro’s
robust
infrastructure
will
help
expand
Chiliz
Chain’s
usability
within
the
fast-growing
onchain
prediction
markets.”

Looking
ahead,
Azuro
and
Chiliz
will
be
soon
launching
a
co-sponsored
grants
program
aimed
at
incentivizing
app
developers
to
build
on
their
combined
infrastructure.
These
initiatives,
including
bounties
for
the
first
apps,
are
designed
to
fuel
further
adoption
of
onchain
prediction
markets,
and
aligned
with
Azuro’s
vision
for
setting
new
transparency
and
fairness
standards.

About
Azuro

Azuro
is
the
onchain
predictions
layer.
It
consists
of
modular
tooling,
oracle
and
liquidity
solutions
for
EVM
chains
to
host
powerful
prediction
and
gaming
apps.

With
its
unique
infrastructure
layer
approach
Azuro
makes
on-chain
predictions
and
gaming
portable
and
composable.
It
allows
anyone
to
engage
and
monetize
users
by
building
apps,
integrations,
and
products
quickly,
permissionlessly
and
with
zero
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
meet
decentralized
opportunities.
Its
infrastructure
is
driven
by
the
Chiliz
Chain,
the
first
Layer-1
EVM
compatible
blockchain
for
sports
and
entertainment
which
now
has
a
diverse
ecosystem,
fuelled
by
Chiliz
native
token
CHZ.
Its
primary
product
on
the
Chiliz
Chain,
Socios.com,
hosts
a
global
community
of
over
two
million
users,
which
makes
it
the
largest
non-finance/trading-centric
Web3
consumer-facing
product
globally
by
user
base.
It
hase
partnerships
with
countless
brands,
including
the
giants
of
world
sport
such
as
FC
Barcelona,
Paris
Saint-Germain,
Manchester
City,
Juventus,
S.S.C
Napoli,
Inter
Milan,
AC
Milan,
Arsenal,
Atlético
Madrid,
A.S.
Roma
and
major
F1
teams. 

Contact

Azuro
team
[email protected]