- Azuro and Sophon have agreed to use their combined capabilities to improve the development of prediction apps on Sophon.
To promote the use of Azuro-developed and Sophon-run prediction apps, the two companies plan to start a joint award program.
Azuro, the on-chain prediction layer, has partnered with Sophon, a growing modular network centered on entertainment that was constructed on ZkSync’s Hyperchain stack, to provide technology. Azuro recently raised $11 million following the pre-launch investment round.
Through this partnership, ecosystem development projects that assist developers of prediction apps that make use of the combined infrastructure of Azuro and Sophon will be launched.
Sophon is intended for use in high-throughput applications in the entertainment, gaming, and artificial intelligence domains.
Utilizing one of the most future-proof Ethereum layer-two solutions available on the market today, Sophon hopes to establish itself as a top supplier in the blockchain-powered entertainment industry by leveraging the ZK stack.
Azuro’s infrastructure, which enables developers to create prediction applications without upfront investment and ongoing costs in less than a day, and without the requirement for smart contract development work, is well suited to this user-centric approach.
The Azuro protocol lowers entry barriers into the prediction markets industry by offering all the tools required to launch on-chain apps without the headache of in-house development or liquidity.
Businesses may get advanced tooling, oracle solutions, and a unique liquidity pool design that covers all operational fronts through the Azuro SDK.
This enables them to give monetization, engagement, and user acquisition top priority.
With over 26 active applications operating on-chain prediction markets, Azuro is now powering over $440 million worth of transactions and sourcing liquidity from over 4,500 liquidity providers.
A collaboration focused on growth
In Q12024, Spartan Group, SevenX Ventures, OKX Ventures, and others joined Paper Ventures and Maven 11 in leading Sophon’s $10 million seed round.
Sophon raised almost 21,000 ETH by successfully completing a node sale in April 2024.
Azuro becomes a tech partner, joining ZkSync and Beam as Sophon’s infrastructure partners.
An ambitious endeavor to jointly incubate and promote prediction applications seeking to launch on the Sophon ecosystem has begun with Azuro and Sophon collaborating.
Azuro and Sophon want to pool their resources to start a joint grant program that will promote the use of Azuro-developed and Sophon-run prediction apps more quickly.
Concerning Azuro
The on-chain predictions layer is called Azuro. It consists of modular tooling, liquidity solutions, and oracles for EVM chains to support robust gaming and prediction applications.
Azuro’s distinct infrastructure layer approach enables gaming and on-chain predictions to be portable and assembleable.
Anyone may quickly, freely, and without any up-front or ongoing charges create apps, integrations, and products to engage and monetize consumers.
About Sophon
With its unique Zk stack and ZkSync Hyperchain-centered layer-two solution, Sophon is revolutionizing the entertainment industry.
This blockchain network offers developers and customers a simplified and entertaining experience by fusing AI with gaming.
With the backing of well-known organizations like Lambda Class, Matter Labs, Paper Ventures, Maven 11, Spartan, SevenX, OKX Ventures, and Spartan, Sophon has received $60 million to develop its decentralized infrastructure.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
