Interested in knowing what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry in October at GamesBeat Summit Next. Register today.
Saga makes the interoperable blockchain middleware of the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.
And Saga has taken some interesting steps in its journey. Last week, the company announced that his AlphaNet Andromeda has arrived. This is the first version of the company’s blockchain network and it will first be released to 55 Saga Innovator Program projects, which are its blockchain partners.
– Advertising –
“We’re Web3 natives, so we come from the crypto world,” Saga CEO Rebecca Liao said in an interview with GamesBeat. “And our thesis has always been that the blockchain infrastructure, as it stands now, is not enough to really allow applications to scale. So we wanted to find a way to make this optimal infrastructure much more easily accessible and democratic. And that’s to get people to their own dedicated channels.
Liao said that the foundation of Saga is with the Cosmos Protocol, which calls itself “the internet of blockchains” and allows users to create their own blockchains. But doing this can be painful.
The Cosmos network consists of many independent and parallel blockchains, called “zones”, each powered by classic consensus protocols like Tendermint. Zones serve as hubs for other zones, enabling interoperability. Other blockchains don’t do as well with interoperability. With Cosmos and its hub, you can plug in any blockchain and pass tokens between zones, without an intermediary. Intermediaries have been at risk of hacking in the past.
Cosmos was launched in 2014 by developers Ethan Buchman and Jae Kwon, who created the Tendermint consensus algorithm behind the network. The published a white paper in 2016 and launched the ATOM token the same year. Non-profit group The Interchain Foundation helped launch Cosmos as the “Internet of Blockchains”. It is interoperability that will lead to the metaverse, Liao believes.
Cosmos is secured by the ATOM token. By allowing businesses to set up their own blockchains, Cosmos enables better performance for things like transactions. In 2020, Cosmos released IBC, or inter-blockchain communications. This communication protocol allows interoperability between chains. Bridges, on the other hand, are prone to hacking, as Sky Mavis discovered when his Ronin bridge was hacked and he lost over $600 million in funds from his Axie Infinity blockchain game.
“It’s what all Cosmos channels, including us, will use to communicate with other channels,” Liao said. “The two chains communicate and the assets are transferred. It is a way to ensure that there is a secure communication channel between the two chains, and that it does not depend on any third party.
“We allow developers to automatically integrate their applications into a dedicated chain. It is the infrastructure that we are building. We are currently focusing on games and entertainment because we believe that these two sectors and Web3 are the most sensitive to user expectations. And, and those who are most interested in responding to user experience.
Liao thinks monolithic chains like Ethereum are inefficient when it comes to congestion and throughput. She believes app chains are more appropriate when it comes to entertainment and games, especially those using non-fungible tokens (NFTs) where interoperability is important.
“When you build a chain on Cosmos, it’s your own chain, but Cosmos focuses on interoperability first,” Liao said. “This is also true for Saga. You are part of the Saga community.
A cohort of whitelisted developers and the general public will be able to access Andromeda over the coming weeks. Andromeda is the first chapter in Saga’s journey to establish its mainnet. It is part of a series of releases that make up the complete developer flow for launching applications in single-tenant virtual machines (VMs) on dedicated channels, or channels, on Saga.
Saga Innovator Program
Liao said that among the 55 projects in the innovative program, there are a lot of game platforms, engines and game studios.
Participants in this are hand-picked projects that push the boundaries of blockchain technology, especially when it comes to enabling a much larger market of developers to launch their own gaming and entertainment channels.
Saga believes the metaverse will be a “multiverse,” where developers decide to launch their own channels, and the company will work with teams that share that vision.
Innovators include role-playing games, multiplayer online battle arena (MOBA) games, non-fungible token (NFT) platforms, GameFi projects, game tools and infrastructure, game studios Web2 developing their first Web3 titles, native Web3 gaming platforms, games and NFT decentralized autonomous organizations (DAOs), game engines and backends, a few selected DeFi projects and much more.
Saga innovators include 55 companies such as Merit Circle, IndiGG, Gameplay Galaxy, Kujira, Satori, Pala.World, X.LA, VenturePunk, Passage, ThirdWeb, Champion Games, Game 7, Ftribe, P12, Cosmic Horizon, Reign of Terror, Planetarium, Infinity Keys, Crypto League, Coinfantasy, Flair.Finance, Eclipse, PG DAO, Adaptter, Tallyup and many more.
In addition to early access to AlphaNet, participants in the Saga Innovator Program also receive extensive co-marketing from Saga and one-on-one access to Saga’s technical resources for implementation. Once in the program, a project will continue with our development initiatives through the Saga roadmap to the mainnet and beyond.
What is Saga?
Saga is a Web3 infrastructure protocol that allows developers to build gaming and entertainment applications with their own dedicated block space. Dedicated block space ensures high throughput, no dependency on other applications using Saga, easy upgrading, and congestion relief. In other words, it eliminates certain bottlenecks preventing blockchain technology from reaching the general public.
Additionally, infrastructure gas charges remain predictable and are by default hidden from the end user, Saga allows developers to use any token or currency for their applications. The automated deployment of the dedicated block space will be secured via cross-chain security by the same set of validators that underpin the Saga mainnet.
What’s in Andromeda?
Andromeda is currently implemented as a development tool that easily provisions the necessary infrastructure and deploys Ethereum Virtual Machine compatible chains accessible through Solidity development tools such as HardHat or Remix. Andromeda is ready to use as is and is the first step in Saga’s roadmap to more complex metaverse-oriented features (Saga calls it the multiverse) and greater automation on the Saga backend.
Going forward, Saga will replace the centralized orchestration service with a decentralized chain, enable interconnection of IBC chains, and implement shared security for chains. For DevNet, Saga will introduce validator orchestration tools to help manage and coordinate chain deployment on decentralized chains.
Members of the Saga community interested in becoming part of the network itself will have the opportunity to become a node and participate in staking and delegation shortly thereafter. We will keep everyone updated on these future releases.
Saga is an automated deployment protocol for 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. The company went out stealth in March and in May it raised $6.5 million, valuing the company at $130 million. The company employs around 20 people. To date, Saga has raised $8.5 million.
“We took a few months to solidify our vision,” Liao said. “We raised our seed tower in May. Three days later, the market collapsed.
The company has slowed some hiring, although it continues to hire technicians.
As for the crypto winter, Liao said the company had a chance to close its seed cycle before the collapse a few days ago. This gave him a good war chest to build his technology.
“It’s never nice to be in a bear market. But what’s great is that it forced a lot of those developers to think about games that are fun games, and not just based on increasing symbolic value,” Liao said. “So we’re seeing a lot of people moving away from gaming to make money and a lot more emphasis on game design. This is where we are very well positioned. Because if you’re making a game that’s basically DeFi with stick figures, you probably don’t care too much about investing in great infrastructure. But if you’re looking to make a really fun game that allows for just the kind of response time that the multitude of worlds many avid Web2 gamers expect, then this is the kind of infrastructure you need. So it’s been a lot of fun talking about these games and we’ve just seen a lot of demand.
The GamesBeat credo when covering the video game industry is “where passion meets business”. What does it mean? We want to tell you how much the news means to you, not only as a decision maker in a game studio, but also as a game fan. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about and engage with the industry. Discover our Briefings.
We wish to say thanks to the author of this post for this outstanding content
Saga Wants To Push The Boundaries Of Blockchain Interoperability To Improve The Metaverse TechRadar
We have our social media pages here and other related pages herehttps://metfabtech.com/related-pages/