Azuro Protocol Partners With zkSync Hyperchain Sophon

Azuro, a decentralized autonomous organization (DAO) building a protocol for blockchain-based predictions, has partnered with hyperchain Sophon to improve its prediction app development by combining technologies.
Both Azuro and Sophon plan to launch a co-sponsored grant program to support and accelerate the adoption of Sophon-run zkSync’s Hyperchain, and Azuro-built prediction apps.
Following the partnership announcement Azuro protocol said liquidity providers for the AZUR/ETH pair on decentralized exchanges will receive a $SOPH token airdrop. The firms are preparing for the launches of their tokens $AZUR and $SOPH, later this year.
Funding Secured
In April, Azuro raised $11 million with investment from SevenX Ventures and Arrington Capital. Other participants in the funding round include Fenbushi Capital, Polymorphic Capital, Red Beard Ventures, Dewhales, and G1 Ventures.
The funding is being used to further accelerate ecosystem development during this critical phase of expansion and to intensify marketing efforts in the decentralized prediction market space.
Around 26 applications use Azuro to run an on-chain prediction market, with transaction volumes at $340 million.
In the first quarter of this year, Sophon raised $10 million in a seed funding round led by Paper Ventures and Maven 11, with participation from Spartan Group, SevenX Ventures, OKX Ventures and others.
In April, Sophon completed a node sale, raising ~21,000 ETH. Azuro said as part of the new partnership deal it joins Sophon’s other infrastructure partners, including zkSync and Beam.
VC Funding Surges 2024
Venture capital funding in the Web3, gaming, AI and crypto space has experienced a surge in the first quarter of 2024, breaking a two-year downtrend.
Both the total amount invested and the number of projects receiving VC funding have seen substantial increases since Q4 2023, according to data gathered by crypto analysis platform Crypto Koryo.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top Altcoins to Buy in 2025: BlockDAG, Solana, Cardano, and Avalanche Could See Strong Growth
Explore top altcoins to buy now like BlockDAG, Solana, Cardano, and Avalanche. See what makes them stand out and their potential in 2025.2. Solana’s Speed and Market Data Insights3. Cardano’s Smart Contract Strengths to Explore4. Avalanche (AVAX) Market Overview and Network CapabilitiesTop Altcoins to Buy in 2025: A Summary of Choices

SUI’s Price Jump, Polkadot’s Bullish Signals, and the 2700% ROI Potential of Unstaked’s Stage 12 AI Crypto: Just $0.008997?
Witness the SUI price prediction climb, Polkadot form bullish patterns, and Unstaked AI presale surge with 2,700% ROI potential as the top crypto pick for 2025.Polkadot Eyes Breakout from Bullish WedgeUnstaked Turns AI From a Buzzword Into a Business EngineThe Path Ahead

Next Crypto to Explode: BTFD Coin Raises $7M With 200% Bonus Still Live—Whales Are All In as $CAT and $SNEK SlideFind Out More:
$CAT and $SNEK dip, while BTFD Coin preps for liftoff—is this the next crypto to explode?BTFD Coin: The Referral Gold Rush Fuelling the Next Crypto to ExplodeSnek ($SNEK): Can This Cardano Creature Strike Back?Simon’s Cat ($CAT): Nine Lives, But Losing One Fast?Time’s Almost Up: BTFD Coin’s Presale Ends May 26

Jetcraft Now Accepts Bitcoin for Private Jet Payments
Private jet giant Jetcraft now accepts Bitcoin and crypto, signaling growing luxury adoption.Billionaires Are Buying Jets with BitcoinA Bold Shift in Luxury SpendingWhat This Means for Crypto Adoption

Trending news
MoreCrypto prices
More








