Saga raises $ 3.6 million to create Metaverse middleware

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Saga has raised 3.6 million dollars to create the middleware of the metaverse, the universe of virtual worlds all interconnected, as in novels such as Snowfall And Player on loan one.

Saga is a decentralized gaming community focused on expanding and enriching the metaverse by creating independent market tools on the chain, supporting emerging projects, and unleashing the power of game owners, builders and metaverse players around the world. It can do this with cross-game non-fungible tokens (NFTs), which authenticate unique digital objects using the blockchain.

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Saga’s priority is to work with regulatory compliant triple A projects, supported by professionals with deep roots in the game. By securing property and resources traditionally reserved for the rich, Saga said it can empower players and provide governance over a significant portion of the game. savings to the players who love these games the most.

Saga plans to form a series of game-specific councils recruited through its Soulbound system, a meritocracy that rewards real players. You won’t be able to simply sign up for a board, nor will you have to beg for a spot in a Discord chat.

You will earn your place in Soulbound by playing the games you already like. Engaging in and securing a role on a board will ensure benefits and responsibilities in equal measure.

Over time, Saga believes this player-centric approach will attract the best gaming minds who want to see blockchain games grow and thrive around the world. Using Soulbound as a foundation, SAGA will create multi-layered integrations and smart contract tools to help this next evolution of gaming and social connection.

Animoca Brands led the round with the participation of Delta Blockchain Fund, Genblock Capital, Moonchain Capital, Compute Ventures, NGC Ventures, Highstreet Ventures, M31 Capital, TsingTing Capital, Metal VC, PANONY, Rainmaker Games, Everest Ventures Group, vEmpire, SL2 Capital, and AAG Ventures.

“Saga shares our vision of an open metaverse and we look forward to working with their team as they develop solutions to unlock the potential of large-scale blockchain games,” said Yat Siu, executive president of Animoca Brands. , in a press release. “We are strongly encouraged by Saga’s partnerships with upcoming triple A titles, tools and commitment to regulatory compliant ecosystems, and we believe its Soulbound middleware approach will be able to help blockchain games develop an engaged player base.”

The Saga ecosystem

Animoca Brands is a global gamification and blockchain leader with a large portfolio of over 340 investments in decentralized web3 projects that help build the open metaverse. SAGA joins Animoca Brands’ web3 investment portfolio, which includes innovators such as Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games (YGG), Splinterlands, Star Atlas and others. Animoca Brands also owns the best blockchain games like The Sandbox and Phantom Galaxies.

The new funding will be used to develop Saga’s first major contribution to blockchain games: Soulbound, a player profile system designed to reward players for their passion and commitment across the metaverse.

To promote the adoption of blockchain games, Saga believes that Web3 games should be fun, widely accessible, and valued first as entertainment, then as monetization. To accompany and strengthen this dynamic, even the actors of everyday life must be invested with a feeling of appropriation.

Enter the Non-Transferable Social Token (NTST), a new token that cannot be sold or transferred. You can only win. Soulbound will integrate NTST M-XP (Metaverse Experience Points) into a new tokenized proof-of-play system that will track your unique achievements and reputation in the metaverse, building your saga.

Soulbound serves players, guilds, and games so that a healthy metaverse ecosystem can thrive for years to come, the company said.

By using the Soulbound player profile, individual players and communities will have access to exclusive opportunities in the metaverse; guilds will be able to enrich their recruiting and hiring processes and games will be able to grow their player bases with real players.

As players complete missions and missions in the various games supported by Soulbound, they are rewarded with NFTs, experience points, achievements, and badges. Essentially by creating their digital footprint through the Web3 gaming ecosystem. The funny thing is that any third party can attach an NFT or their own currency as a reward to a mission in Soulbound.

“We are very excited about the future of gamefi as we release features to integrate NTST into ecosystems and create a true indie profile for metaverse players,” said Casey Grooms, Saga’s Business Development Manager, in a press release. “Become the only destination for players and guilds to showcase their in-game assets, such as NFTs and in-game achievements, earn in-game rewards and achievements, and complete and start partner missions and supported games. Soulbound will help to connect all players, guilds and games together.

The Soulbound Player Profile offers more than just customizable rewards and opportunities – it provides a status on the chain that cannot be faked or purchased. We are currently working on several high-profile projects to integrate our research platform as an education and reputation system to reflect the experience an individual brings to games they play in multiple ecosystems.

Web2 online multiplayer (MMO) and online gaming players have invested billions of hours and dollars in walled gardens that will never reward them for the value they provide. Saga wants to change it.

Initial properties saga

When it comes to chain games, Saga thinks it has a bright future with triple A games. The company has partnered with game developers who will use its middleware.

AI Mansbridge, head of strategic operations and co-founder of Saga, said, “Saga holds some of the most elite planets, asteroids and digital earths in the most promising second generation blockchain games for real communities of gamers. We are working on a system to allow top players to participate in the governance of these fields to help establish best practices for onboarding and keep passionate players in this emerging paradigm.

Ghost galaxies

Phantom Galaxies is an NFT game available on PC and consoles.
Phantom Galaxies is an NFT game available on PC and consoles.

An example of this are ghost galaxies. The game created by a division of Animoca Brands is a third-person action shooter, which catapults players into an interstellar duel of mechanized starfighters, which seamlessly transition from classic mecha robot form to spaceship. In mecha mode, unleash volleys of bullets in space and on the ground and also get close for savage melee attacks with certain builds: in spaceship form, dart between the stars with tight maneuvers and blazing laser attacks.

Several members of the core Saga team have played the alpha Phantom Galaxies since launch and were impressed by the fun of the experience and the involvement of the player base. Saga thinks this will be a big draw for elite guilds and players – and plans to help them find each other again.

With multiple planets, including one of a very limited number of “large” planets and over 100 asteroids, Saga opens up limited access to raids, rewards and gifts via Soulbound.

High Street

High Street
Highstreet uses Soulbound.

Other games that use Saga include Highstreet. Saga will own and manage an exclusive island, Soulbound Sagalans, in this MMORPG, which combines NFT and physical objects.

Highstreet’s important partnerships with international brands and a dedicated community that already plays in the web browser metaverse create an intriguing vision of the web3 game. By integrating Soulbound’s research system, Saga will help create virtuous business cycles in the Highstreet economy and make space accessible to the high-value player base they aim to attract.

Other titles include Influence and Big Time.

Saga has claimed to build Soulbound to be safe and robust platforms for its users and is aware that regulation will increase in this space. As part of its cautious approach, Saga is awaiting clearer guidance from the US Securities and Exchange Commission and other legal bodies before entering the US market.

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