The Good Tech Companies - Azuro And Chiliz Working Together To Boost Adoption Of Onchain Sport Prediction Markets

Episode Date: May 9, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/azuro-and-chiliz-working-together-to-boost-adoption-of-onchain-sport-prediction-markets. Through its flagship venture Socios.com, the network has expanded significantly to support more than 80 sport-related fan tokens and 2M+ ecosystem users. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #azuro, #chainwire, #press-release, #azuro-announcement, #on-chain-transaction, #sports-betting, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Azuro and Chiliz working together to boost adoption of on-chain sport prediction markets by Chainwire. Lisbon, Portugal, May 9, 2024, Chainwire, asterisk asterisk Azuro, the leading liquidity layer for on-chain predictions, and Chiliz, the world premier sports and entertainment blockchain, are partnering up to accelerate the adoption of on-chain 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 Plus 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, Ariel currently supported by Chili's chain through Socios. The network leverages a proof-of-staked authority consensus algorithm which allows smart contract developers, validators, stakers, and other stakeholders to actively interact with the chain. Chili's chain is built to power sports and entertainment applications with a focus on brand IP and project use case integrity. For Chili's, partnering with Azure OO represents

a step toward tapping into the rapidly growing on-chain 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 Azero protocol, adding to the existing supported chains such as Polygon and GnosisChain. This integration will enable Chiliz to expand its reach within sports-focused prediction applications. New and existing builders relying on Azure O 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 CHC. Integrating with Azure O marks a pivotal move for Chiliz chain to capitalize on the rapidly expanding on-chain prediction market, said Alexander Dreyfus, CEO of Chiliz and Socios.com. Leveraging Azuro's advanced infrastructure, we're empowering developers to innovate within the sports and gaming sectors.

Rossin, a core contributor at Azuro, stated, The on-chain prediction marketshave always been strongly tied to the sports and entertainment sector. Working alongside ChilizChain, the leading blockchain in this segment, feels like an obvious step for us. Azuro's robust infrastructure will help expand ChilizChain, the leading blockchain in this segment, feels like an obvious step for us. AzureOS' robust infrastructure will help expand ChilizChain's usability within the fast-growing on-chain prediction markets. Looking ahead, AzureOS 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 on-chain prediction markets, and aligned with Azure's vision for setting new transparency and fairness standards. About Azure Azure is the on-chain 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, Azure O 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 team at a zero org website. Https colon slash slash zero org docs. Https colon slash slash gem a zero org github. Https colon slash slash github com a zero protocol on chain activity. Https colon slash slash dune com zero stats about chile's chile's is the home of sport fi where sports brands meet decentralized opportunities its infrastructure is driven by the chile's chain the firs tla yer1 evm compatible blockchain for sports and entertainment which now has a diverse ecosystem fueled by by Chile's native token CHC. Its primary product on the Chile's chain, Socios.com, hosts a global

community of over 2 million users, which makes it the largest non-finance, trading-centric Web3 consumer-facing product globally by userbase. It hails partnerships with countless brands, including the giants of world sports 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. Website. https colon slash slash www.chillies.com. Contact Azuro team team at Azuro.org. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. N Thank you for listening to this HackerNoon story. Read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.