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Azuro Becomes A Tech Partner of New zkSync Hyperchain Sophon - Chainwire

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30May

Azuro Becomes A Tech Partner of New zkSync Hyperchain Sophon

Lisbon, Portugal, May 30th, 2024, Chainwire

  • 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 onchain predictions layer, which recently raised $11M 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, 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 L2 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 onchain 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 onchain prediction markets, with transaction volumes surpassing $340 million and sourcing liquidity from over 4,500 liquidity providers.

A growth-centric partnership

Sophon raised a $10m seed round in Q1 2024 led by Paper Ventures & Maven 11, with participation from Spartan Group, SevenX Ventures, OKX Ventures and others. In April, Sophon successfully completed a node sale, raising ~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 Sophon ecosystem. By combining resources, Azuro and Sophon intend to launch a co-sponsored grant program to accelerate the adoption of Sophon-run, Azuro-built prediction apps.

About Azuro

Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps. With its unique infrastructure layer approach Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.

For more information or press inquiries, please contact team@azuro.org

About Sophon

Sophon is enhancing the entertainment landscape with its modular Layer 2 solution, designed around the zkSync hyperchain and powered by the innovative ZK Stack. This blockchain network integrates artificial intelligence with gaming to offer developers and users a streamlined and engaging experience. Supported by prominent entities such as Paper Ventures, Maven 11, Matter Labs, Spartan, SevenX, OKX Ventures, and Lambda Class, Sophon has raised $60 million to advance its decentralized infrastructure.