Lisbon, Portugal, May 9, 2024, Warp Thread
Azurothe leading liquidity layer for onchain forecasting, and Chiliz, the world’s leading sports and entertainment blockchain, are teaming up to accelerate the adoption of onchain sports prediction markets. These efforts will enable millions of fans around the world to further support and cheer on their favorite teams and athletes through fair and transparent prediction apps.
Chiliz Chain is known for its blockchain solutions that transform fan engagement in sports through features such as fan tokens and interactive engagement platforms. Through the flagship Socios.com, the network has significantly expanded to support more than 80 sports-related fan tokens and more than 2 million ecosystem users. Team-specific fan tokens for the top football clubs, including FC Barcelona, Inter Milan, Juventus, Paris Saint-Germain, Manchester City and many more, are all currently supported by Chiliz Chain via Socios.
The network uses a Proof of Staked Authority (PoSA) consensus algorithm that 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 an emphasis on brand IP and project use case integrity.
For Chiliz, the partnership with Azuro marks a step toward tapping into the fast-growing on-chain prediction markets by providing the de facto infrastructure layer for sports prediction applications in EVM chains. The innovative liquidity pool design, advanced tooling and oracle solutions allow apps to launch without any upfront investments or ongoing costs, allowing them to fully focus on user acquisition, engagement and monetization from minute one.
Azuro’s robust platform, which currently supports more than 25 active applications with transaction volumes exceeding $290 million, provides an ideal environment for Chiliz to expand its offering in the sports and entertainment sector.
As part of this collaboration, Chiliz will be integrated into the Azuro Protocol, complementing existing supported chains such as Polygon and Gnosis Chain. This integration will enable Chiliz to expand its reach within sports-oriented prediction applications. New and existing builders who rely on the Azuro infrastructure will be able to connect their apps to the Chiliz Chain and allow their users to place transactions using the blockchain’s native token CHZ.
“The integration with Azuro marks a critical step for Chiliz Chain to capitalize on the fast-growing onchain prediction market,” said Alexandre Dreyfus, CEO of Chiliz and Socios.com. “By leveraging Azuro’s advanced infrastructure, we are enabling developers to innovate within the sports and gaming sector.”
Rossen, a core contributor at Azuro, said: “The onchain prediction markets have always been strongly tied to the sports and entertainment sector. Collaborating with Chiliz Chain, the leading blockchain in this segment, feels like an obvious step to us. Azuro’s robust infrastructure will help expand Chiliz Chain’s utility within the rapidly growing onchain prediction markets.”
Looking ahead, Azuro and Chiliz will soon launch a jointly sponsored grant program aimed at incentivizing app developers to build on their combined infrastructure. These initiatives, which include incentives for the first apps, are intended to drive further adoption of on-chain prediction markets and are aligned with Azuro’s vision of setting new standards for transparency and fairness.
About Azuro
Azuro is the onchain prediction layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful forecasting and gaming apps.
With its unique infrastructure layer approach, Azuro makes on-chain prediction and gaming portable and configurable. It allows anyone to engage users and generate revenue by building apps, integrations, and products quickly, without permission, and without upfront or ongoing costs.
For more information or press inquiries, please contact team@azuro.org
About Chiliz
Chiliz is the home of SportFi, where sports brands meet decentralized opportunities. The infrastructure is powered by the Chiliz Chain, the first Layer-1 EVM-compatible blockchain for sports and entertainment that now has a diverse ecosystem powered by Chiliz’s native token CHZ. The flagship product on the Chiliz Chain, Socios.com, is home to a global community of more than two million users, making it the largest non-financial/commerce Web3 consumer-facing product worldwide by user base. It has partnerships with numerous brands, including the giants of world sport such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, SSC Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, AS Roma and major F1 teams .
Contact
The Azuro team
team@azuro.org