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.
“We held our Multiverse Summit during gamescom to reinforce that Saga is the leader for game development for creators looking to new development platforms, specifically Web3,” said Liao. “It was certainly a labor of love by our team and exceeded our expectations, and we’re especially thankful for all of the partners and attendees who collaborated with us to show the world an entirely new vision for Web3 gaming and entertainment.”