Azuro, a leading blockchain-based prediction layer, has announced the launch of a new grant program aimed at supporting the development of on-chain prediction applications on Polygon PoS, with a specific focus on sports and entertainment events. This initiative seeks to encourage developers to create innovative applications in this space, with the application phase set to open in the coming weeks.

Through this program, Azuro will provide financial and technical support to developers, with a total of $20,000 in funding available across two levels of grants. The first level will provide $2,000 for the addition of simple features to existing applications, while the second level will offer $4,000 for the creation of complex DApps. This support is designed to encourage innovation and expand the ecosystem of applications, driving growth in on-chain prediction markets.

The grant program is open to developers who can submit their proposals in the coming weeks. Azuro will assess these proposals based on their potential to add value to the Azuro and Polygon ecosystems, with criteria including well-defined development stages, technical specifications, time estimates, and a go-to-market strategy. This initiative marks a significant milestone in the longstanding collaboration between Azuro and the Polygon community, highlighting their shared vision for the future of prediction markets.

Azuro's prediction layer offers developers modular tooling, oracles, and liquidity solutions dedicated to prediction and gaming apps on Ethereum and other EVM chains. With over 20 live applications and 26,000 users, Azuro boasts a combined volume of over $320 million. Its partnership with Polygon, one of the most widely used blockchains, offers scalability and cost-efficiency, making it an ideal blockchain for Azuro's growing user-centric prediction markets ecosystem.

The sports sector is a particular area of focus for Azuro, with its prediction markets ecosystem offering a viable alternative to traditional online prediction operators. With low transaction fees and the ability to scale throughput, projects can grow efficiently on Polygon PoS. This grant program is a significant step forward for Azuro and the Polygon community, fostering innovation and growth in the on-chain prediction market space.