Azuro, the prominent liquidity layer for onchain predictions, has successfully concluded its pre-launch funding round, securing an additional $11M in capital. The round was backed by a notable consortium of investors, including SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales, and G1 Ventures.

This latest investment round builds upon a previous injection of $7.5M garnered in 2022 from a diverse group of 25 investors across Seed and Strategic rounds, including AllianceDAO, Ethereal Ventures, Delphi Digital, Gnosis, and Merit Circle.

Pioneering Innovation in On-chain Prediction Markets:
Azuro is positioned as a frontrunner in on-chain prediction market innovation, offering a decentralized platform that facilitates the creation of diverse applications and products. At its core, Azuro's innovative Liquidity Pool design, the Liquidity Tree, provides unmatched market liquidity, supporting a wide array of sports markets and games within the Azuro ecosystem.

Ecosystem Growth and Momentum:
As Azuro progresses towards its eagerly anticipated token launch, the platform has reached the final stage of the Azuro Score, witnessing significant momentum across its expanding ecosystem. Transaction volumes have surpassed $225M since the initiation of Stage 2 in September 2023, with revenues exceeding $2.4M. With over 20 operational dapps utilizing Azuro's infrastructure and 4,400+ liquidity providers actively engaged in the pools, Azuro's ecosystem is thriving.

Strategic Utilization of Funds:
The newly acquired capital will be strategically allocated to accelerate ecosystem development and intensify marketing efforts during this pivotal expansion phase. By solidifying its position as a leader in the decentralized prediction market space, Azuro aims to further innovate and engage with its community.

Commitment to Innovation and Transparency:
Rossen Yordanov, core contributor at Azuro, expressed gratitude for the unwavering support of investors and reiterated the platform's commitment to transparency and innovation. With the infusion of fresh capital, Azuro is poised to achieve its overarching goal of democratizing prediction markets and gaming experiences for all participants.

About Azuro:
Azuro is the leading onchain predictions layer, providing modular tooling, oracle, and liquidity solutions for EVM chains to host powerful prediction and gaming apps. Through its unique infrastructure layer approach, Azuro empowers developers to quickly build and monetize prediction and gaming applications, fostering a transparent and highly liquid ecosystem for decentralized marketplaces.