Azuro To Accelerate Development of On-Chain Prediction Apps Through New Initiative on Polygon PoS

June 18, 2024 – Lisbon, Portugal

Azuro, the leading on-chain predictions layer, today announced a new strategic program to foster the development of user-facing on-chain prediction applications with a focus on sports and entertainment events.

This initiative brings Azuro and the Polygon community closer together to refine and enhance the value proposition for entrepreneurs leveraging their combined infrastructure solutions.

As an initial step, Azuro has agreed to launch a grants program aimed at supporting and fostering the creation of new applications leveraging Azuro on Polygon PoS.

This effort to provide financial and technical support to developers is designed to encourage innovation and expand the ecosystem of applications, driving the next wave of growth in on-chain prediction markets.

In the coming weeks, an application stage will open for developers to submit their projects.

The program will distribute a total fund of $20,000 among two grant tiers – $2,000 for feature additions to existing apps and $4,000 for complex features or new DApps.

Projects will be evaluated on their potential to add value to the Azuro and the Polygon community – with criteria including well-defined development stages, technical specifications, time estimates and a go-to-market strategy.

Building up on a successful integration

This announcement marks a significant milestone in the longstanding collaboration between Azuro and the Polygon community, underscoring a shared vision for the future of prediction markets.

Since integrating with Polygon PoS in February 2023, Azuro has emerged as a revenue leader among Polygon applications, leveraging Polygon’s robust technology and seamless user experience to drive the growth of its prediction markets.

Azuro is already powering over 27 active applications running on-chain prediction markets – most of them built using Azuro’s infrastructure on Polygon PoS – with transaction volumes surpassing $360 million and liquidity sourced from more than 4,500 providers.

The Azuro protocol’s unique liquidity pool design, sophisticated tooling and oracle solutions enable applications to deploy without upfront investment or running costs, allowing developers to focus entirely on user acquisition, engagement and monetization.

Polygon PoS is one of the most used networks in the world, hosting thousands of DApps, processing more than 200 million unique addresses and three million average daily transactions and securing…