Saga Raised $3.6 Million to Develop its Soulbound Middleware
Colin Smith — June 16, 2022 — Tech
References: soulbound.gg & venturebeat
Saga announced 'Soulbound,' a large-scale middleware project geared toward organizing the metaverse. The company recently earned $3.6 million USD in a round of funding which it will use to accelerate the Soulbound system through hiring and investments.
Soulbound currently exists as a platform that is both user-first and based in a meritocracy. This is to say that Saga is creating a council of gamers to head its middleware metaverse, and a spot on this council cannot be purchased, it must be earned. The spot is earned through earning merits on the Soulbound platform, which can be done by networking, playing games, and participating in the gamified system of the platform.
The company has also stated its middleware will have interoperability and a player's assembly, meaning players from several different games and networks will be connected to this single operatable middle universe. On top of this, these players will be able to vote on decisions, form a user government, and interact in a truly connected metaverse that is not corrupt by large transactions.
Image Credit: Saga
Soulbound currently exists as a platform that is both user-first and based in a meritocracy. This is to say that Saga is creating a council of gamers to head its middleware metaverse, and a spot on this council cannot be purchased, it must be earned. The spot is earned through earning merits on the Soulbound platform, which can be done by networking, playing games, and participating in the gamified system of the platform.
The company has also stated its middleware will have interoperability and a player's assembly, meaning players from several different games and networks will be connected to this single operatable middle universe. On top of this, these players will be able to vote on decisions, form a user government, and interact in a truly connected metaverse that is not corrupt by large transactions.
Image Credit: Saga
Trend Themes
1. User-first Middleware - Middleware platforms will increasingly prioritize users' engagement and involvement
2. Merit-based Councils - Companies will adopt a merit-based system of governance to promote community participation
3. Interoperable Metaverses - Metaverse initiatives will prioritize interoperability to create a single operatable middle universe
Industry Implications
1. Gaming - Gaming companies will invest in user-engagement and metaverse initiatives to increase popularity
2. Blockchain - Blockchain companies will create solutions for interoperability and governance in interconnected metaverses
3. Social Media - Social media platforms will adapt to the trends in interconnected metaverse initiatives to remain relevant
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