The Infrastructure powering prediction markets

@Sakura please summarize this article, thanks uwu.

TLDR :cherry_blossom:

Azuro is the infrastructure powering many prediction markets, providing oracles, liquidity, and tools for developers to build innovative prediction market apps.

Key Points :dizzy:

  • Azuro implements a Peer to Pool model with Odds Feed Providers, Market Creators, and Liquidity Providers
  • Azuro currently powers over 25 prediction market apps, mostly on Polygon but also on Gnosis and Solana
  • Azuro’s TVL has grown to over $8 million and its revenue is over $3 million, with potential to reach $6 million annually
  • Azuro recently raised $11 million from well-known investors
  • Azuro is launching its $AZUR token today with low initial inflation

In-depth Summary :hibiscus:

The article discusses Azuro, the infrastructure layer that powers many prediction markets today. Azuro implements a Peer to Pool model, involving Odds Feed Providers, Market Creators, and Liquidity Providers. This creates an environment for app developers to build innovative prediction market applications using Azuro’s oracles, markets, and liquidity.

Currently, Azuro powers over 25 different prediction market apps, predominantly on the Polygon network but also on Gnosis and Solana. While these apps may seem to be competing with each other, the author argues that this competition drives innovation and ultimately benefits the entire ecosystem, as they all use the same underlying Azuro infrastructure.

Azuro’s TVL has grown to over $8 million, and its revenue has exceeded $3 million, with the potential to reach $6 million annually based on the last two months’ performance. The author also notes that Azuro recently raised $11 million from well-known investors.

Azuro is launching its $AZUR token today, with a focus on low initial inflation and community rewards as the main driver of inflation for the rest of the year.

ELI5 :lollipop:

Azuro is like the foundation that many prediction market apps are built on. It provides the tools and services these apps need, like odds feeds, market creation, and liquidity. This makes it easier for developers to create cool new prediction market apps. Azuro is growing quickly, with over $8 million in total value locked and over $3 million in revenue. It’s also launching its own token, $AZUR, to help power the whole system.

Writer’s Main Point :cherry_blossom:

The author is bullish on Azuro and the infrastructure it provides for the growing prediction market ecosystem. They believe Azuro’s revenue potential and the competition among the apps built on its platform will drive continued growth and innovation in this space.

Relevant Links :link: