Saga Secures $3.6M Funding to develop Middleware Metaverse called Soulbound

Saga raises funds from leading crypto brands and investors to build Soulbound, which uses a player-centered reward system.

Jun 16, 2022
by Michael
Saga Secures $3.6M Funding to develop Middleware Metaverse called Soulbound
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Saga will be creating the middleware of the metaverse with its recent $3.6 million funding. This fund was raised from contributions by Animoca Brands, Delta Blockchain Fund, AAG Ventures, NGC Ventures, M31 Capital, Genblock Capital, Highstreet Ventures, Moonchain Capital, Everest Ventures Group, Compute Ventures, TsingTing Capital, Metal VC, vEmpire, and SL2 Capital. Saga is a blockchain-based gaming community with the aim of enlarging the metaverse by prioritizing start-up projects, building chain-agnostic market tooling, and unleashing the potential of the owners, players, and builders of the metaverse across the world.

This will be achieved by partnering with gaming professionals to create projects, using cross-game NFTs to bridge several metaverses, and allowing passionate players to control a significant part of in-game economies. The platform will also use its Soulbound system to create a series of game-specific councils. This way, players will not be able to beg for a slot on any discord chat or buy themselves into the council. Instead, they will only earn this position in Soulbound through participation in the games they already value.

With time, Saga is sure that this fair approach will only draw the best minds that want to see games grow. The funding will finance Saga’s mission in the blockchain gaming world – to create Soulbound, a player profile system that rewards players for participation and performance in the metaverse. Saga will also prioritize entertainment over earning to make games fun and valuable. It will use the Non-Transferable Social Token (NTST), which can only be acquired and not sold or transferred.

Saga has partnered with brands to run games like Phantom Galaxies and HighStreet. Once Soulbound is completed, it will be a secure platform for users and brands. The company is awaiting clearance and guidance from the US Securities and Exchange Commission and other official agencies before entering the US market. 

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