Lisbon, Portugal, April 11, 2024, Chainwire
Azuro, the main liquidity layer for onchain predictions, is worked up to announce the profitable closing of a pre-launch funding spherical, bringing the full capital raised to $11 million. This spherical was introduced by a powerful lineup of traders together with SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Pink Beard Ventures, Dewhales and G1 Ventures.
This spherical follows a earlier injection of $7.5 million in 2022 from a cohort of 25 traders secured in Seed and Strategic rounds. Esteemed contributors on this part included AllianceDAO, Ethereal Ventures, Delphi Digital, Gnosis and Advantage Circle, amongst others, underscoring the broad confidence in Azuro’s imaginative and prescient and expertise.
Azuro is on the forefront of innovating the on-chain prediction market, providing a decentralized platform that allows the creation of quite a lot of functions, integrations and merchandise. At its core is the progressive design of Liquidity Pool (NASDAQ: ), Azuro’s Liquidity Tree, which affords unmatched market liquidity, helps 1000’s of sports activities markets and different video games, all related as a part of the Azuro ecosystem.
In anticipation of its long-awaited token launch, Azuro not too long ago entered the third and last part of the Azuro Rating, witnessing important momentum throughout its increasing ecosystem. For the reason that begin of Part 2 in September 2023, transaction volumes have climbed above $225 million and gross sales have exceeded $2.4 million. Greater than 20 dapps are already dwell and utilizing Azuro’s infrastructure to run their companies, dozens extra are within the pipeline, and greater than 4,400 liquidity suppliers are actively taking part within the swimming pools.
Funding from this spherical shall be strategically used to additional speed up ecosystem improvement throughout this crucial enlargement part and to accentuate advertising and marketing efforts, cementing Azuro’s place as a pacesetter within the decentralized prediction market.
Azuro’s dedication to innovation and neighborhood engagement stays sturdy, as Rossen Yordanov, Azuro’s Principal Contributor, expressed: “We’re really grateful for the unimaginable belief and help our traders have proven in Azuro. This funding spherical comes simply as we’re about to hit some main milestones on 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 deliver Azuro even nearer to our huge purpose: to make predictive markets clearer and extra open for everybody.”
This newest spherical of funding permits Azuro to proceed its mission to offer a clear, truthful and extremely liquid platform for on-chain predictions and gaming experiences, setting new business requirements for decentralized marketplaces.
About AzuroAzuro is an onchain prediction layer. It consists of modular instruments, Oracle options and liquidity for EVM chains to host highly effective prediction and gaming functions.
Its distinctive method to the infrastructure layer makes Azure predictions and on-chain video games moveable and composable. It permits anybody to interact and monetize customers by constructing apps, integrations and merchandise rapidly, with out permission, and with zero upfront or operational prices.
For extra data or press inquiries, please contact workforce@azuro.org
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