Azuro to Speed up Onchain Prediction Apps Development with New Initiative on Polygon PoS

NEWS RELEASE
Lisbon, Portugal, June 18th, 2024, Chainwire.
Azuro, the top onchain predictions platform, has unveiled a new strategic initiative aimed at nurturing the development of user-friendly onchain prediction applications focusing on sports and entertainment events.
This program seeks to strengthen the collaboration between Azuro and the Polygon community to enhance the value proposition for entrepreneurs utilizing their combined infrastructure solutions. As a first step, Azuro will launch a grants program to support the creation of new applications using Azuro on Polygon PoS.
By providing financial and technical assistance to developers, this effort aims to foster innovation and expand the ecosystem of applications, driving growth in onchain prediction markets.
In the upcoming weeks, developers will have the opportunity to submit their projects during the application stage. The program will allocate a total fund of $20,000 across two grant tiers: $2,000 for enhancements to existing apps and $4,000 for more complex features or new dApps.
Projects will be assessed based on their potential to benefit the Azuro and Polygon community, with evaluation criteria including well-defined development stages, technical specifications, time estimates, and a go-to-market strategy.
Building on a successful partnership
This announcement signifies a significant milestone in the ongoing collaboration between Azuro and the Polygon community, highlighting a shared vision for the future of prediction markets. Since integrating with Polygon PoS in February 2023, Azuro has become a revenue leader among Polygon applications, leveraging Polygon’s technology and user experience to drive the growth of its prediction markets.
Azuro currently powers over 27 active applications running onchain prediction markets, with transaction volumes exceeding $360 million and liquidity from over 4,500 providers. The Azuro protocol's unique liquidity pool design, advanced tooling, and oracle solutions enable applications to launch without upfront costs, allowing developers to focus on user acquisition, engagement, and monetization.
Polygon PoS is a widely used network, hosting thousands of dApps, processing over 200 million unique addresses, 3 million daily transactions, and securing $5 billion in assets. With low transaction fees and scalability, Polygon PoS is an ideal blockchain for Azuro and its growing, user-centric prediction markets ecosystem, particularly in the sports sector.
Apps connected to Azuro offer users a superior UX compared to other on-chain options, providing a viable alternative to traditional online prediction platforms. Polygon PoS's low transaction fees and throughput scalability enable projects to grow efficiently. Its proof-of-stake architecture ensures transaction costs are significantly lower than Ethereum.
Polygon PoS's EVM compatibility accelerates development speed and efficiency, allowing seamless deployment from Ethereum and access to Ethereum network effects. The active developer community on Polygon PoS offers support and documentation, simplifying the building process on the platform.
About Azuro
Azuro is the onchain predictions layer, offering modular tooling, oracle, and liquidity solutions for EVM chains to host powerful prediction and gaming apps. With its infrastructure layer approach, Azuro enables on-chain predictions and gaming to be portable and composable, allowing users to quickly build apps, integrations, and products without upfront costs.
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Contact
Azuro Team
Azuro
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