Crypto Gaming Protocol Saga Raises $5 Million Ahead of Mainnet Launch, Community Airdrop

Saga, a protocol aimed at helping crypto game developers launch their own blockchains, has announced a $5 million seed extension round spearheaded by venture capital firm Placeholder.

The investment brings Saga's total funding to $13.5 million and comes just months before Saga launches its mainnet in January. For Placeholder, this is the largest pre-Layer-1 stake it's taken in a portfolio company.

The main appeal of Saga, according to co-founder and CEO Rebecca Liao, is its scalability.

"Blockspace on Saga is theoretically infinite because you can spin up as many chains as you like all in parallel," Liao told Decrypt. "It’s a lot like cloud infrastructure."

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