Azuro Closes $4M Strategic Investment
Azuro closes $4M strategic investment bringing the total raised to $7.5 million!
Azuro is proud to announce they have backing from some of the most experienced names in web3 including early seed round investors AllianceDAO, Arrington Capital, Ethereal Ventures, Delphi Digital, new joiners Hypersphere, Quiet Capital, Formless Capital, and great crypto teams who participated in both rounds like Gnosis & Merit Circle.
The recent round of $4M funding came from a variety of areas in web3 including GameFi/Metaverse (Merit Circle, OPGames, and PathDAO) web3 infrastructure/products Gnosis & Mask Network, plus venture capitalists and investors Hypersphere, SevenX, Red Beard Ventures, NxGen, Formless Capital and Quiet Capital, and angels like Victor Ji, co-founder of Manta Network.
This provided the validation they needed for their previous efforts. It was key for them recently launch Azuro’s mainnet successfully on Gnosis Chain.
“Delivering on our 2-pronged mission to disrupt traditional online betting with a fairer, more transparent, and more fun decentralized alternative, and to build a betting overlay for the Metaverse is impossible without strong support. We look forward to working together with our investors and partners as we progress further on our path!”— Azuro contributor Paruyr Shahbazyan
Additional Information
Azuro protocol takes aim at traditional betting. It is also fraught with issues of lack of trust and transparency between betting operators and players.
However, with the right approach blockchain & smart-contract tech is now capable of supporting decentralized betting at scale, and this leads to delivering meaningful improvements for players and other participants in the new decentralized betting ecosystem.
Azuro’s fresh take on prediction markets includes the introduction of a new approach (inspired by how pooled liquidity helped scale DEXs, like Uniswap, as well as lending protocols, such as Aave) with a brand new liquidity pool design called the Liquidity Tree.
“Betting markets are one of the few applications where crypto was always supposed to shine. So far though, none have been able to crack the nut of bootstrapping liquidity for popular betting disciplines. We believe Azuro’s team and their Liquidity Tree technology can finally make the promise come true.”—Jack Platts, from Hypersphere
ABOUT Azuro
Azuro is the base layer for decentralized betting. The layer where betting markets are prices, creates, and made liquid. This is achieved through mixing 3 of crypto’s main primitives. Prediction Markets, NFTs, and DAO governance, as well as a new Liquidity Pool design, called the Liquidity Tree.
RESOURCES
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