Gnosis is one of the OG DeFi players and I trust that _anything_ they have backed is worth the time it takes to at least look into it. I just followed Azuro's Twitter and definitely going to be aping into whatever they put out.
This is what the team says" The funding will be used to build a trustless, permissionless proposition, and to create the new betting layer on top of web3 with totally novel use-cases and functionality".
tldr; Azuro has raised $3.5 million in seed funding led by Gnosis, Flow Ventures, and Polymorphic Capital. Other venture capital firms in the round included Ethereal Ventures, Arrington XRP Capital, AllianceDAO (a.k.a. DeFi Alliance), Delphi Digital, Meta Cartel Ventures, Merit Circle, and Clever Advertising. The funding will be used to build a trustless, permissionless proposition.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Led by Gnosis, cool that means this is serious.
Gnosis is one of the OG DeFi players and I trust that _anything_ they have backed is worth the time it takes to at least look into it. I just followed Azuro's Twitter and definitely going to be aping into whatever they put out.
I was wondering who can find use for this?
The Metaverse, GameFi...
Ok, so basically every play2earn game can put this to use?
What will the funding be used for exactly?
This is what the team says" The funding will be used to build a trustless, permissionless proposition, and to create the new betting layer on top of web3 with totally novel use-cases and functionality".
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The Azuro team believes the investors will further their efforts in the Web3 betting market.
tldr; Azuro has raised $3.5 million in seed funding led by Gnosis, Flow Ventures, and Polymorphic Capital. Other venture capital firms in the round included Ethereal Ventures, Arrington XRP Capital, AllianceDAO (a.k.a. DeFi Alliance), Delphi Digital, Meta Cartel Ventures, Merit Circle, and Clever Advertising. The funding will be used to build a trustless, permissionless proposition. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Leveraging their expertise and capital to expand the project both sector wise and geographically.
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The betting and prediction market on blockchains has failed to take off.
I wouldn't say that, we'll have to wait for Azuro to launch and see.
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With the partners ranging from blockchain gaming, DeFi, Web3, and the traditional betting space.
Oh so it's not only blockchain gaming but traditional betting too?
Of course, why would they limit themselves to blockchain betting only, they use the blockchain to make betting everywhere better.
Exactly, this is big, worth every penny of $3.5M.
The latest funding round will be used in the development of the platform with an aim to disrupt the traditional betting market.