NFTs and Their Role in Decentralized Betting

Azuro — the solutionHere’s comes Azuro — a decentralized betting protocol with DAO governance, to become the base infrastructure of betting dApps in the future. Azuro’s solution revolves around two important new pillars — importing odds & results via oracles, and utilizing 1 main liquidity pool, from where liquidity is allocated to different ev... See more

Azuro x Merit CircleWeb3’s composability allows for us to bring our two worlds together and integrate the Azuro protocol into Merit Circle’s soon coming platform, allowing for in-game betting direct from the dashboard. Just like the real world, the metaverse deals with uncertainty in outcomes, in turn, offering opportunities for prediction/betting ... See more

This is a very simple explanation of how blockchain can be used for decentralised betting, but here are the key takeaways. Decentralised betting is transparent for the players and the bookmakers. When a bet is placed, an agreement is made and the only deciding factor is the outcome of the event. A key advantage of this setup is the bookmaker can’t ... See more