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Lisbon, Portugal, April eleventh, 2024, Chainwire
Azuro, the main liquidity layer for onchain predictions, is worked up to announce the profitable closure of its pre-launch funding spherical, rising the overall capital raised to $11M. This spherical was championed 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 injection of $7.5M in 2022 from a cohort of 25 buyers secured in Seed and Strategic rounds. Esteemed contributors in that section included AllianceDAO, Ethereal Ventures, Delphi Digital, Gnosis, and Advantage Circle, amongst others, underscoring the broad-based confidence in Azuro’s imaginative and prescient and know-how.
Azuro stands on the forefront of on-chain prediction market innovation, providing a decentralized platform that empowers the creation of numerous functions, integrations, and merchandise. At its core, Azuro’s modern Liquidity Pool (NASDAQ:) design, the Liquidity Tree, provides unparalleled market liquidity, supporting hundreds of sports activities markets and different video games, all tied collectively as a part of the Azuro ecosystem.
In anticipation of its long-awaited token launch, Azuro has just lately progressed to the third and ultimate stage of the Azuro Rating, witnessing vital momentum throughout its increasing ecosystem. For the reason that begin of Stage 2 in September 2023, transaction volumes have soared past $225M, with revenues exceeding $2.4M. Over 20 dapps are already operational and using Azuro’s infrastructure to run their companies, with dozens extra within the pipeline, and 4,400+ liquidity suppliers actively collaborating within the swimming pools.
The infusion of funds from this spherical will probably be strategically deployed to additional speed up ecosystem improvement throughout this vital section of growth and to accentuate advertising efforts, solidifying Azuro’s place as a pacesetter within the decentralized prediction market area.
Azuro’s dedication to innovation and neighborhood engagement stays steadfast, as expressed by Rossen Yordanov, core contributor at Azuro: “We’re really grateful for the unimaginable belief and assist our buyers have proven in Azuro. This spherical of funding arrives simply as we’re about to hit some main milestones in our journey, together with the much-anticipated launch of our $AZUR token, which is on the coronary heart of what we’re constructing. With this new capital injection, we are going to convey Azuro even nearer to our large purpose: making prediction markets clearer and extra open to everybody.”
This newest spherical of funding empowers Azuro to additional its mission in offering a clear, honest, and extremely liquid platform for on-chain predictions, and gaming experiences, setting new business requirements for decentralized marketplaces.
About AzuroAzuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity options for EVM chains to host highly effective prediction and gaming apps.
With its distinctive infrastructure layer method Azuro makes on-chain predictions and gaming moveable and composable. It permits anybody to interact and monetize customers by constructing apps, integrations, and merchandise rapidly, permissionlessly and with zero upfront or operating prices.
For extra info or press inquiries, please contact staff@azuro.org
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This text was initially printed on Chainwire