Held on a luxurious yacht during Gamescom 2023 in Cologne, Germany, Saga's Multiverse Summit served as a monumental platform for revealing Saga's latest technological advancements aimed at revolutionizing the gaming and entertainment sectors.
The Summit's pièce de résistance was the unveiling of Pegasus, Saga's new iteration of its Web3 protocol. This innovation allows the deployment of fully decentralized chains, termed chainlets, that can seamlessly interact with Saga's main chain and other blockchains via Inter Blockchain Communication (IBC). Developers now possess the unparalleled ability to move assets and communications across multiple chains, effectively unlocking unlimited scalability and performance.
Saga also launched Saga Ethlet, a cutting-edge Ethereum scaling solution. It marries the speed benefits of sidechains with the robust security of the Ethereum network, offering developers a one-click deployment process.
Hosted by Rebecca Liao and featuring prominent speakers from Unity, Samsung, ESL FaceIt Group, and The Sandbox, the Summit exhibited the seamless convergence of blockchain and gaming. Interactive experiences and game demonstrations filled the yacht, with a fireworks display concluding the event.
Saga’s ecosystem is already vibrant, housing 224 projects from its innovator program, 80% of which are game-focused. The platform prioritizes high throughput, congestion relief, and ease of upgradability, eliminating many of the current bottlenecks in blockchain technology.
Founded in 2022 by Web3 visionaries like Rebecca Liao and Jin Kwon, Saga aims to break down the barriers in Web3, enabling creators to focus on innovation without worrying about backend complexities. Gas fees are predictable and can be rendered invisible to the end-user, and developers can even select their token or currency.
As Saga gears up for its mainnet launch later this year, Liao emphasizes her aspiration for the system to be performant, scalable, and more decentralized. For blockchain skeptics, she believes that the product itself will do the convincing, highlighting the importance of going where the community is.
So, whether you're a developer, gamer, or simply a tech enthusiast, keep your eyes peeled for Saga's upcoming developments. They are setting the stage for a radical transformation in Web3 gaming and entertainment.
