Saga raises $6.5 million to build scalable ‘chainlets’ for web3 developers - Aliens: AI Crypto News & Markets Updates
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Saga raises $6.5 million to build scalable ‘chainlets’ for web3 developers

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The Block

Thu, May 19, 2022

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The raise values Saga, which broke cover in March, at $130 million.

A protocol focused on carving out dedicated blockchain space for gaming and entertainment developers today announced a $6.5 million seed-stage fundraise.

“The purpose of Saga as a protocol is to ensure that developers get their own space in which to build because as more users come into web3, particularly in gaming and entertainment, the expectations around developer and user experience are going to grow higher and higher,” Saga’s co-founder and CEO Rebecca Liao told The Block.

Saga seeks to solve this problem with so-called "chainlets" — dedicated blockchains that can be tailored to meet developers’ needs.

Saga’s chainlets, she says, can help developers overcome these.

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