Saga unveils Web3 tech that it hopes will enable the multiverse | The DeanBeat
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Saga, the Web3 scalability protocol, announced new Web3 technologies that it hopes to boost the fortunes of the game and entertainment industries.
Held during Gamescom 2023 in Cologne, Germany, Saga’s Multiverse Summit took place aboard a yacht in the Rhine River. The event served as a platform for Saga to introduce its latest developments and initiatives that aim to change the gaming landscape. Saga’s party aboard the yacht was a nice way to wind up my time with the game industry in Cologne.
In less than 12 months, 224 new projects have entered the Saga ecosystem through its innovator program, 80% of which are gaming-oriented.
One of the highlights of the summit was the grand reveal of Pegasus, Saga’s newest iteration of its protocol. Pegasus enables developers to launch fully decentralized dedicated chains, called chainlets, on the Saga platform automatically.
This innovation allows for seamless interoperability among chainlets, Saga’s main chain, and other blockchains through Inter Blockchain Communication (IBC). Developers now have the ability to move assets and communication across different chains, facilitating limitless performance and scalability.
Moreover, Pegasus offers unparalleled flexibility to developers by introducing customized fee models for chainlets, including support for fixed fee or fee-less options. This empowers developers to focus on creating immersive gaming experiences without being burdened by backend technicalities.
Saga also unveiled the Saga Ethlet, a
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