Saga, a protocol for automatically provisioning application-specific blockchains, announced today that it is exiting stealth mode to more actively partner with its developer community on building their own dedicated chains in the multichain metaverse, or multiverse. Previously known as Project Sagan, Saga was founded in late 2021 as an incubated project at Ignite (formerly Tendermint). Saga is one of the first premier projects to successfully exit from Ignite’s incubation program, and the team will be spinning out imminently into its own set of entities to develop and launch the Saga Chain.
Rebecca Liao, Co-Founder & Chief Executive Officer, said, “Many in the crypto community believe that sovereign chains communicating freely with one another is the future for crypto infrastructure, and that now is the right time to move in that direction. However, most native crypto developers, not to mention web2 developers coming into web3, forgo being a part of this vision because they find the upfront investment and effort too high, only to see their projects constrained once they grow.”
Saga makes this vision accessible by rearchitecting developer and end user interactions with blockchains. Using shared security, innovations in validator orchestration, and an automated CI/CD deployment pipeline standardized across apps in single tenant VMs, Saga makes launching a dedicated blockchain, or chainlet, as easy as deploying a smart contract.
Our network is best leveraged as a scalability layer for web3 infrastructure. It offers:
Jacob McDorman, Co-Founder & Chief Technology Officer, said “Saga aims to launch more chains on Cosmos than has been previously attempted. In order to realize this vision, Saga is exploring a partnership with Strangelove Labs, a premier validator and innovator, to help realize this vision. Saga will be developing the orchestration approaches and tools that will make scalability attainable for the validators and for the broader Saga ecosystem.”**
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In addition, Saga’s unique token mechanism design enables interesting and flexible developer business models and end user experiences that were not supported before in crypto. Saga will not charge network fees directly to the end user, leaving monetization instead in the hands of developers. Finally, because our chainlets are meant to be used by developers for new and established projects alike, our token model uniquely enables the tokens of other protocols to accrue value even though the Saga Chain serves as the backend.
Jin Kwon, Co-Founder & Chief Strategy Officer said, “We designed Saga with our users at the center. We believe that by optimizing the user experience for both developers and end users, Saga will be able to significantly improve web3 as it currently stands and onboard a new world of use cases.”
For more on the Saga protocol and token, check out our litepaper.
Saga’s initial focus will be on gaming and entertainment chains. Not only do these applications have the most urgent need for dedicated runtime environments and close to 100% SLA, they are also the fastest growing sector in web3 with the most immediate potential for mass appeal. As the metaverse expands, performance requirements and end user expectations are climbing higher and higher, and crypto-based applications have to deliver.
While the metaverse is a burgeoning use case, DeFi will always be at the heart of web3. Saga believes that its innovations in blockchain, which ultimately open the door to processing low value, high volume transactions at scale, will enable new classes of DeFi applications that were not previously possible.
Saga is already working with a few projects in the metaverse and DeFi that have outgrown their blockspace and need to scale. Saga is also exploring multiple partnerships with VM projects and multiple ecosystem focal points. Over the next few months, Saga will be sharing its roadmap with the wider community and working closely with its early developer base to start testing out their chainlets.
About Saga
Saga is a protocol for automated deployment of application-specific blockchains in gaming, entertainment and DeFi. Through its platform, it aims to empower developers to build the next 1000 chains in the multiverse. For more information, visit saga.xyz.
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