Azuro.org operates a decentralized betting protocol that uses liquidity pools, oracles and NFTs to provide betting experiences. Its business covers liquidity provision, front-end management, oracle-based data services and decentralized governance. The company secured a $3.5 million strategic investment. The reported investors include SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales and G1 Ventures. The article does not disclose operating metrics, valuation, or specific use of proceeds. Coverage attributes the information to IT桔子 and was published on DoNews. Azuro operates a decentralized sportsbook protocol that went live on the Gnosis Chain mainnet in June. The protocol integrates prediction markets, non-fungible tokens (NFTs), DAO governance and liquidity pools to reduce costs and align incentives for bettors. Its stated goal is to replace traditional, profit-motivated bookmakers and disrupt the $200 billion betting industry. The project emphasizes minimizing incentive misalignment that it says leads to unfair or opaque environments in conventional betting. Azuro has raised a total of $7.5 million to date, including a $3.5 million raise earlier in January and the latest $4 million injection. Legal and regulatory questions remain a headwind for mainstream adoption, though industry insiders are described as optimistic about future legality.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2024