What is SAGA?
Saga is an innovative Layer 1 blockchain protocol that provides unique solutions for developers, especially in the gaming and entertainment sector. It is designed to enable the creation of “Chainlets”, which are dedicated, parallel and interoperable blockchain environments that are infinitely scalable horizontally. This means applications can grow without typical performance bottlenecks.
USE CASES OF SAGA TOKEN
1. Developers use SAGA to pay network validators to initiate and maintain their Chainlets.
2. Holders can stake SAGA tokens and Cyber Security Stakers and receive SAGA and other project tokens as rewards.
3. Token holders have a voice in network governance decisions.
SAGA Investor and Fundraiser
Saga has successfully raised $15 million through various investments and partnerships, including investments by companies such as Samsungnext and Polygon. It supports 350 projects, the majority of which are gaming projects, and has established significant collaborations with other Layer 1 protocols to provide scaling solutions, most notably with Polygon, Avalanche and Celestia.
The project seems interesting considering how many projects are ready to launch on the SAGA mainnet.
