Azuro has partnered with Sophon to enhance prediction app development on Sophon, leveraging their combined technologies.
Azuro and Sophon intend to launch a co-sponsored grant program to accelerate the adoption of Sophon-run, Azuro-built prediction apps.
Azuro, the on-chain predictions layer, which recently raised $11 million after the pre-launch funding round, has become a technology partner of Sophon, an emerging entertainment-focused modular network built on ZkSync’s Hyperchain stack.
This collaboration will lead to ecosystem development initiatives that support builders of prediction applications utilizing Azuro and Sophon’s combined infrastructure.
Sophon is designed for high-throughput applications related to gaming, AI (artificial intelligence) and entertainment.
Leveraging the ZK stack, Sophon aims to become a leading provider in the blockchain-powered entertainment sector, utilizing one of the most future-proof Ethereum layer-two solutions in the market today.
This focus on user-centricity aligns well with Azuro’s infrastructure, which enables developers to create prediction applications without upfront investment and running costs in under a day and without smart contract development work needed.
The Azuro protocol provides all the necessary tools to run on-chain apps without the hassle of in-house development or liquidity, thereby lowering entry barriers into the prediction markets sector.
Through the Azuro SDK, businesses gain access to a unique liquidity pool design, advanced tooling and oracle solutions, covering all operational fronts.
This allows them to prioritize efforts related to user acquisition, engagement and monetization.
Azuro is already powering over 26 active applications running on-chain prediction markets, with transaction volumes surpassing $340 million and sourcing liquidity from over 4,500 liquidity providers.
A growth-centric partnership
Sophon raised a $10 million seed round in Q1 2024 led by Paper Ventures and Maven 11, with participation from Spartan Group, SevenX Ventures, OKX Ventures and others.
In April 2024, Sophon successfully completed a node sale, raising approximately 21,000 ETH.
As a tech partner, Azuro joins the ranks of Sophon’s infrastructure partners, including ZkSync and Beam.
The collaboration between Azuro and Sophon marks the beginning of an ambitious initiative to jointly incubate and support prediction applications aiming to launch on the…
Click Here to Read the Full Original Article at The Daily Hodl…
