Lisbon, Portugal, April 11, 2024, Chainwire
Azure, the main liquidity layer for on-chain predictions, is happy to announce the profitable completion of its pre-launch funding spherical, rising whole funding to $11 million. The spherical was backed by a formidable lineup of buyers together with SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Pink Beard Ventures, Dewhales, and G1 Ventures.
This spherical follows a earlier funding infusion of $7.5 million in 2022 from a gaggle of 25 buyers secured in Seed and Strategic rounds. Notable contributors on this part included AllianceDAO, Ethereal Ventures, Delphi Digital, Gnosis, Advantage Circle, and extra, highlighting widespread confidence in Azuro's imaginative and prescient and expertise.
Azure is on the forefront of on-chain prediction market innovation, offering a distributed platform that allows the creation of all kinds of purposes, integrations, and merchandise. At its core, Azuro's modern liquidity pool (NASDAQ:) design, the Liquidity Tree, supplies unparalleled market liquidity, helps hundreds of sports activities markets and different video games, and all Tied collectively as a part of the Azuro ecosystem.
In anticipation of the long-awaited token launch, Azuro lately superior to the third and last stage of the Azuro Rating, displaying vital momentum throughout its increasing ecosystem. For the reason that begin of Stage 2 in September 2023, buying and selling quantity has skyrocketed to over $225 million for him and income has exceeded $2.4 million. Greater than 20 dapps are already up and working, adopting Azuro's infrastructure to run their companies. Dozens extra dapps are in growth and over 4,400 liquidity suppliers are actively collaborating within the pool.
The capital injection from this spherical shall be strategically deployed to additional speed up ecosystem growth and strengthen advertising efforts at this essential stage of enlargement, solidifying Azuro's place as a pacesetter within the decentralized prediction market area. Masu.
Azuro's dedication to innovation and group engagement stays unwavering, mentioned Rossen Yordanov, Azuro Core Contributor. This funding spherical arrives as we’re about to succeed in some main milestones in our journey, together with the launch of the long-awaited $AZUR token, which is central to what we’re constructing. . This new capital injection brings Azuro nearer to its huge purpose of constructing prediction markets clearer and extra open to everybody. ”
With this newest spherical of funding, Azuro additional strengthens its mission to offer a clear, truthful, and liquid platform for on-chain predictions and gaming experiences, establishing a brand new trade commonplace for decentralized marketplaces. can do.
About AzureAzuro is an on-chain prediction layer. It consists of modular instruments, oracles, and liquidity options for EVM chains to host highly effective prediction and gaming apps.
Azure makes on-chain predictions and video games moveable and composable with a singular infrastructure layer strategy. This enables anybody to interact and monetize their customers by constructing apps, integrations, and merchandise shortly and with out permission, with zero upfront or working prices.
For extra data or media inquiries, please contact [email protected].
Web site | Documentation | Github | On-chain exercise
contactazlo crew[email protected]
This text was initially printed on Chainwire
