PRESS RELEASE
Lisbon, Portugal - May 30th, 2024 - Chainwire
Azuro and Sophon have formed a strategic partnership to enhance the development of prediction apps on the Sophon platform, leveraging their combined technologies.
To accelerate the adoption of Azuro-built prediction apps that run on Sophon, the two companies are planning to launch a co-sponsored grant program.
Azuro, the onchain predictions layer that recently raised $11M in pre-launch funding, has become a technology partner of Sophon. Sophon is an emerging entertainment-focused modular network built on zkSync's Hyperchain stack. This collaboration will lead to the development of initiatives that support builders of prediction applications using Azuro and Sophon's combined infrastructure.
Sophon is specifically designed for high-throughput applications in gaming, artificial intelligence, and entertainment. Leveraging the ZK Stack, Sophon aims to become a leading provider in the blockchain-powered entertainment sector by utilizing one of the most future-proof Ethereum L2 solutions available in the market.
This user-centric approach aligns perfectly with Azuro's infrastructure, which enables developers to create prediction applications without upfront investment or running costs, and without the need for smart contract development work. The Azuro protocol provides all the necessary tools to run onchain apps seamlessly, removing the barriers to entry in the prediction markets sector.
Through the Azuro Software Development Kit (SDK), businesses gain access to a unique liquidity pool design, advanced tooling, and oracle solutions, covering all operational fronts. This allows them to focus on user acquisition, engagement, and monetization. Currently, Azuro powers over 26 active applications running onchain prediction markets, with transaction volumes exceeding $340 million and liquidity sourced from over 4,500 providers.
The growth-centric partnership between Azuro and Sophon comes on the heels of a successful Q1 2024 seed round led by Paper Ventures & Maven 11, where Sophon raised $10 million. In April, Sophon also completed a node sale, raising approximately 21,000 ETH. Azuro joins the ranks of Sophon's infrastructure partners, including zkSync and Beam, as a technology partner.
This collaboration marks the beginning of an ambitious initiative to jointly incubate and support prediction applications aiming to launch on the Sophon ecosystem. By combining resources, Azuro and Sophon plan to launch a co-sponsored grant program to accelerate the adoption of Sophon-run, Azuro-built prediction apps.
About Azuro:
Azuro is the onchain predictions layer that provides 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, allowing anyone to quickly build apps, integrations, and products without upfront or running costs.
For more information or press inquiries, please contact [email protected]
Website: https://azuro.org/
Docs: https://gem.azuro.org
Github: https://github.com/Azuro-protocol
Onchain activity: https://dune.com/azuro/stats
About Sophon:
Sophon is revolutionizing the entertainment landscape with its modular Layer 2 solution, designed around the zkSync hyperchain and powered by the innovative ZK Stack. This blockchain network integrates artificial intelligence with gaming to offer developers and users a seamless and engaging experience. Supported by prominent entities such as Paper Ventures, Maven 11, Matter Labs, Spartan, SevenX, OKX Ventures, and Lambda Class, Sophon has raised $60 million to advance its decentralized infrastructure.
Website: https://sophon.xyz/
Twitter: @sophon
Contact:
Azuro team
[email protected]
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