Avid3 - Investment Thesis on Saga What is Saga⛋? Saga is an infrastructure poised to revolutionize the gaming industry by offering a seamless and user-friendly experience for gamers, developers, and content creators through infinite horizontal scaling. Utilizing blockchain technology, Saga empowers players to earn rewards, trade in-game assets, and participate in the platform's governance. Developers can effortlessly launch a blockchain as easily as deploying a smart contract, monetizing their games through Saga's infrastructure. Content creators have the opportunity to engage with their audience and generate income through various channels. Bridging the Gap: Currently, developers encounter several challenges when building applications on Ethereum or other Layer 1/2 platforms, including: 🌐Sovereignty: Applications are dependent on the underlying infrastructure; if it fails, the application goes down. 🌐Customization Limitations: Developers are unable to tailor blockchain features to their needs, such as waiving gas fees for users on Ethereum. 🌐Inefficiency: High gas fees, low transaction speeds, unsecured networks, and non-scalable chains. Appchains propose a solution, yet constructing one remains daunting. High-profile projects like @AxieInfinity and @dYdX invested considerable time and resources to achieve this, an often insurmountable hurdle for smaller developers. Contrary to the belief that appchains are solely for well-funded applications, we argue that blockchain should serve as a public good. Access to appchains can empower medium and small developers to attract users and enhance their products, highlighting the necessity for Saga. Features of Saga⛋: Saga introduces key features that address these challenges: 📌Fully Automated: Deployment is as straightforward as initializing a smart contract. 📌Elastically Scalable: Offers "infinite" horizontal scalability. 📌Fast Performance: Parallel appchain instances ensure optimal speed. 📌Low and Predictable Costs: Isolation from other applications ensures stable costs. 📌Fast Interoperability: Enables automatic interoperability and asynchronous composability. 📌Flexible Stack: Provides a customizable environment to meet developers' specific needs. 📌Easy Ecosystem Integrations: Seamlessly works with technologies from Ethereum, @0xPolygon, @avax etc. These features enable developers to explore novel use cases. Hyper-casual games, for instance, can eliminate gas fees for end-users (leveraging the 'gasless' feature) and generate revenue through data and advertising. The modular blockchain architecture allows for the integration of custom Data Availability (DA) solutions such as @CelestiaOrg, @AvailProject, and @0G_labs with Chainlets, offering developers the ability to scale their blockchains with unprecedented flexibility and scalability. For on-chain games, the potential to scale Chainlets to handle up to 1.1 million transactions per second (TPS) is a game-changer. Furthermore, developers have the option to enable users to pay transaction fees using in-game currency (IBC-compatible tokens) instead of $SAGA or any governance token, enhancing the user experience and engagement. The Future of Saga🎮: Despite the downturns faced by GameFi projects in recent bear markets, Avid3 firmly believes in the continuous attraction of fresh players from the Web2 space to blockchain gaming. The distinction between Web2 and Web3 games will blur, driven by innovations in hyper-casual games, fully on-chain games, AAA titles, and the integration of GameFi with AI. We envision a future where games seamlessly integrate blockchain technology, attracting new players through innovations in game token design, decentralised finance, and decentralised AI. Saga's infrastructure and forthcoming token launch are set to accelerate this shift, inviting developers and gamers alike to explore the untapped potential of blockchain gaming. Positioned at the forefront of this gaming wave, Saga has onboarded over 350 partners in less than 24 months, a testament to its growing momentum. We are confident that the momentum will continue to grow once the mainnet and token are launched. With $SAGA, the team can reward both loyal stakers and genuine users. Looking ahead, Saga will undoubtedly attract developers from diverse sectors such as DeFi, social finance, AI, and real-world assets (RWA), among others. With its commitment to leveraging blockchain technology and decentralised governance, Saga empowers stakeholders to take ownership of their gaming experiences and explore new opportunities for growth and innovation. Under the leadership of Rebecca @beccaliao @jinghiskwon @jacobmcdorman @balx and with robust community and marketing efforts, we are excited about the accelerated adoption that the upcoming mainnet and token launch will bring. For those interested in joining the Saga journey, becoming a staker and following @Sagaxyz__ for updates is a great starting point. $SAGA #SAGA #COSMOS