Azuro utilizes smart-contracts to build a decentralized betting protocol deploying an innovative solution for liquidity provision and allocation. It replaces traditional bookmakers with a blockchain-based ecosystem of independent front-end operators, data providers, and liquidity providers. Unlike existing and most new projects, Azuro is the first to introduce pooled liquidity to scale prediction markets, similarly to how pooled liquidity scaled lending protocols like Aave or Compound and DEXs like Uniswap. As a result betting becomes transparent and trustless, while depth of betting events, markets and UX remains as good as it gets.
Betting markets on Azuro are created by importing odds (via oracles) for events using real-world, live betting data. This allows for plentiful sports, events and markets related to them to get started with competitive market odds.
Azuro’s architecture allows for the full depth of the betting product available at centralized sportsbooks, plus the UX is classic and similar to what’s emerged as the standard in betting.
Azuro has announced the successful closure of the seed round raising $3.5 million from true value adds on the venture and strategic partner side.
Azuro is proud to be working with Gnosis, Flow Ventures, Polymorphic Capital, who lead the round, and Ethereal Ventures, Arrington XRP Capital, AllianceDAO (a.k.a. DeFi Alliance), Delphi Digital, Meta Cartel Ventures, Merit Circle and Clever Advertising (a top 3 global sports betting media).
Other VCs and Angels who have joined are SevenX, OP Crypto (lead by ex-Huobi David Gan), CitizenX, BR Capital, David Post (Chainlink), Alex Wearn (IDEX founder), Sergei Chan.