August 31, 2022 - 3 min read
SupraOracles is excited to partner with Azuro, a decentralized layer for the betting industry, and become a viable alternative to centralized digital bookies. By creating a trustless and transparent system using a smart contract, Azuro allows users to become less reliant on a centralized platform and use predetermined network functions to ensure their bets are made possible.
The combination of traditional sports betting and prediction markets allow Azuro an edge over existing market features. Azuro takes the network a step further and integrates NFTs and GameFi mechanics into the betting and prediction markets. Moreover, Azuro is the first protocol layer to tackle the gambling industry and create more democratized odds using oracles.
SupraOracles will aid Azuro in initiating conditions on the smart contract and using real-life links to generate a winning or losing results for the players. SupraOracles’ decentralized oracle network will ensure data is accurately provided to the network. The Azuro ecosystem can easily access match and game data, betting odds for standard e-sports, and GameFi features.
Thus, SupraOracles will enable the sports betting industry to be less reliant on bookmakers and retain ownership of their funds. This is done by relying on smart contracts run by Azuro. With the first independent bookmaker launching a frontend for Azuro, SupraOracles will start providing match and odds metadata to a complete decentralized betting experience.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“The decentralized industry needs projects like Azuro to disrupt the status quo and create a new golden standard in the sports betting industry. We’re looking forward to seeing SupraOracles become a catalyzing agent in the realm of e-sports and sportsbooks.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3 ecosystem. Our driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi. Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately power the future of finance.
Azuro is the base layer for decentralized betting. The layer where betting markets are priced, created, and made liquid. This is achieved through mixing 3 of crypto’s main primitives: Prediction Markets, NFTs, and DAO governance, plus a new Liquidity Pool design, called the Liquidity Tree.
Apps built on top of Azuro can now provide a viable decentralized alternative to traditional online bookmakers. As a result, Azuro envisions a rich, fun betting environment with decreased cost of service to players, full transparency, community-run, and a commitment to responsibility.
Become a Partner – Contact Us.
Sign up for the Supra newsletter for company news, industry insights, and more. You’ll also be the first to know when we come out of stealth mode.