Saga and UnUniFi Strategic Partnership
Saga is pleased to announce a strategic collaboration with UnUniFi, a fast, open, interoperable smart contracts layer 1 blockchain optimized for NFT-Fi infrastructure. Their platform provides the tools and features necessary to enable DeFi operability for any NFT-based asset, with cross-chain products developed for both retail and institutional users. UnUniFi leverages the Cosmos sdk to ensure scalability, speed, and cross-chain interoperability, making it an ideal NFT-Fi hub for all blockchains.
Be sure to check out our Twitter Space to learn more about this exciting announcement.
About UnUniFi and the Saga Innovator Program
Saga is building Web3 infrastructure solutions to enable developers to build applications with their own dedicated blockspace. Dedicated blockspace ensures high throughput, no dependencies on other applications using Saga, easy upgradability and congestion relief. In addition, gas fees for infrastructure remain predictable and are by default hidden from the end user, allowing developers to use any token or currency for their applications. The automated deployment of dedicated blockspace will be secured via interchain security by the same set of validators that underlie the Saga mainnet.
Many regard NFTs — digital blockchain assets that can comtimes depict or be paired to real-world objects — with healthy skepticism. NFT-Fi (NFT-x-DeFi) technology seeks to provide DeFi utility to NFTs, increasing tradability and capital efficiency to establish legitimacy for NFTs, regarding them as a true asset class or store of value. Their mission is to extend NFT-Fi beyond current trends by integrating with any pre-existing dApp; on any blockchain; supporting any NFT-based asset (including RWAs, fine art, tokenized DeFi positions, GameFi, and more).
UnUniFi will be exploring Saga and our chainlet infrastructure as a potential scaling solution for their own chain.
In Their Own Words
“NFT-Fi is often attributed specifically to NFT-financing, or lending services for art-based NFTs like PFPs. At UnUniFi, we believe NFT-Fi can represent both a technical expansion in DeFi technologies, and an exploration into NFT utility as a true asset class. This is accomplished through UnUniFi’s cross-chain infrastructure which aligns well with the rapidly growing ecosystem on Saga.” Christopher Lee, Head of Ecosystem & Growth, UnUniFi
“As NFT assets proliferate, owners are getting more sophisticated about what they can do to realize as much value as possible. In addition to being a hard economic problem, that is a big technical challenge. UnUniFi has taken this head on, and we’re thrilled they’re on Saga as an Innovator and incredibly valuable member of our creative ecosystem.” Rebecca Liao, Co-Founder & CEO, Saga.
Get Connected
To learn more about UnUniFi, please visit their website, or follow them on Twitter.
To learn more about Saga’s approach to blockchain communication, click here. Follow us on Twitter or join our Discord.
