What is Saga?

Saga is a Layer 1 protocol that allows developers to automatically launch parallel, interoperable private chains - "Chainlets" suitable for different virtual machines, providing unlimited access to applications. scalability.

Saga allows developers to launch Chainlets with the click of a button through shared security, cutting-edge validator orchestration, and automated CI/CD deployment pipelines standardized across any type of blockchain virtual machine .

In less than 2 years, the Saga ecosystem has grown to 350 projects based on its protocol, 80% of which are games. Saga also has partnerships with Polygon, Avalanche, MarbleX, Com2uS, and Celestia to automatically scale their infrastructure using Chainlets.

1.1 Project Mission

Saga’s mission is to make the next 1000 chain stores in gaming and entertainment a part of the growing Saga Multiverse.

1.2 Value Proposition

Mass adoption of blockchain is imminent and developers require infinitely scalable, interoperable and cost-effective underlying infrastructure to support consumer applications.

Saga allows developers to launch dedicated block spaces on demand. These block spaces can be elastically expanded according to performance needs, open fast bridges to other ecosystems, and are priced at commodity prices. Saga provides developers with a E2E infrastructure required to build next-generation applications on the blockchain.

1.3 Project Highlights

All Saga-based projects are part of the Saga Innovator Program, which as of April 1, 2024, includes 350 projects. 80% of these projects are games. About 10% of the projects are NFTs and entertainment, and 10% are DeFi. The complete list of innovators can be found here .

Saga has also partnered with the following Layer 1 protocols to scale its infrastructure using Chainlets:

Polygon: Saga will automate the Polygon CDK chain

Avalanche : Saga will automate Avalanche subnets

Celestia: Saga will automatically perform decentralized aggregation with Celestia DA

MarbleX: Saga will provide expansion infrastructure for the MarbleX chain

Com2uS : Saga will provide expansion infrastructure for the Com2uS chain

In March 2024, Saga launched Saga Origins, a new game publishing division dedicated to bringing cutting-edge, high-quality games to market.

Saga is a web3 chain that has established a dedicated game publishing department for developers to collaborate on publishing their projects.

Saga Origins is committed to providing a full-service, collaborative approach to bringing games to the global mass market. Traditionally, developers only receive funding when they build and publish their games, but Saga Origins offers additional beneficial support, including working with influencers to increase awareness, sponsored user acquisition events, community building, and promotional support.

Through its ongoing Play-to-Airdrop campaign, Saga, game studios and guilds have all joined forces to organize tournaments where players are rewarded with the highly coveted $SAGA token for participating. Most recently in January, Saga completed a revolutionary Three Kingdoms airdrop with participating partners Avalanche, Polygon, and Solana.

$SAGA is the native utility token of the Saga protocol and is used for the following functions:

• Payment for Chainlets: Developers pay network validators $SAGA tokens to instantiate and keep their Chainlets alive.

• Staking: Stakeholders help secure the network and receive as rewards $SAGA tokens and tokens from projects built on the Saga protocol.

• Governance: $SAGA token holders will be able to vote on network governance decisions.

The Saga protocol is a fully decentralized proof-of-stake chain. Each chainlet has the same validator set and security model as the Saga mainnet.

Each Chainlet has the following capabilities:

• Unlimited horizontal scalability: All Chainlets are parallelized application chain instances, allowing applications to elastically scale to their peak performance and speed.

• Low-cost transactions and low and predictable chain fees: Developers can choose any monetization model they like, including their own token (or no token at all) , fiat currencies, stablecoins, or even tokens from another ecosystem. All Chainlet fees are determined by daily reverse auctions between validators, encouraging commodity pricing for block space.

• Automation: Developers can create a Chainlet by just clicking a button in Saga WebApp.

• Interoperability and fast bridging: Users can freely and quickly transfer assets between Chainlets and Saga and other ecosystems using automatic interoperability and asynchronous composability. Since each Chainlet provides fast transaction finality, users can also take advantage of fast bridging to other chains.

• Fully flexible stack: Developers enjoy their own private chain, allowing for optimal flexibility and customizability of the environment.

To date, Saga has raised $15 million. Investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One.