Chilliz and Azuro Collaborate to Explore the Expanding Onchain Sports Prediction Market

Chilliz and Azuro have joined forces to tap into the growing onchain sports prediction market. The partnership will see Chiliz Chain integrate the Azuro Protocol and incorporate supported chains like Polygon and Gnosis Chain. This collaboration will enable Chiliz to expand its presence in the sports-focused prediction applications market, allowing developers using the Azuro infrastructure to connect their apps to the Chiliz Chain. Users will be able to make transactions using Chiliz’s native token, CHZ. Alexandre Dreyfus, CEO of Chiliz and Socios.com, stated that integrating with Azuro is a significant move for Chiliz Chain to capitalize on the expanding onchain prediction market. He also mentioned that leveraging Azuro’s advanced infrastructure will empower developers to innovate within the sports and gaming sectors. In April, Azuro raised $11 million in funding from SevenX Ventures and Arrington Capital, becoming the fastest-growing protocol on Gnosis Chain and the top revenue-generating protocol on Polygon. In the future, Azuro and Chiliz plan to launch a co-sponsored grants program to incentivize app developers to build on their combined infrastructure. They will award bounties to the first apps that drive the adoption of onchain prediction markets and meet transparency and fairness standards. Chiliz is a platform that facilitates the distribution of blockchain-based sports and entertainment services and goods. Through fan tokens, users and teams can communicate and participate on the Chiliz platform. Users can purchase exclusive fan tokens from major league teams and popular businesses worldwide. Chiliz’s Socios.com platform has over two million users and partnerships with top football clubs and Formula 1 teams.