Saga Announces its Technical Collaboration with Injective
Saga is pleased to announce a technical collaboration with Injective, the first layer one blockchain optimized for building financial applications. Users can deploy a wide array of multichain smart contract enabled applications on the MEV resistant Layer 1 with zero limits.
Injective uniquely provides a set of plug-and-play modules such as an on-chain orderbook and binary options, which developers can utilize to rapidly iterate their dApps.Injective recently raised $40MM to accelerate the adoption and growth of Web3 finance, which included Jump Crypto and BH Digital.
Be sure to check out our Twitter Space to learn more about this exciting announcement.
About Injective 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.
Injective is a specialized interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lighting fast speeds. Injective also uses a Frequent Batch Auction (FBA) model in order to prevent all forms of frontrunning and MEV for the first time. INJ is the native deflationary scarce asset that powers the Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Pantera and Mark Cuban.
The broader collaboration will focus on extensively exploring groundbreaking scaling and Web3 solutions that could be integrated across a wide array of decentralized applications.
In Their Own Words
“Saga is contributing to some of the most pressing issues pertaining to blockchain scalability today. We at Injective Labs are thrilled to be working alongside their team to bring vastly superior solutions to the broader Web3 ecosystem.” Eric Chen, Co-founder & CEO, Injective Labs.
“DeFi projects getting onto their own chain is becoming increasingly attractive, and we’re happy to collaborate on innovative scalability solutions with Injective. The Injective ecosystem has built amazing cross-chain products over the last few years. We’re excited to be working together on their future growth plans!” Rebecca Liao, Co-Founder & CEO, Saga.
Get Connected
To learn more about Injective, click here, read about them on Medium, follow them on Twitter or start trading.
To learn more about Saga’s approach to blockchain gaming, click here. Follow us on Twitter or join our Discord.
