Saga

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:

No upfront cost to launch a chain

Predictable developer pricing for provisioning block space

Automated deployment of a single tenant application onto its own chain

A dedicated shared security chain for a developer’s applications, ensuring high throughput, no dependencies on other applications using Saga, easy upgradability and congestion relief

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.

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.