Web3 protocol Saga raises $5 million in seed extension round led by Placeholder

Web3 protocol and developer ecosystem, Saga, has raised $5 million in a seed extension round led by Placeholder. This marks the largest percentage stake in a pre-Layer-1 launch in Placeholder's history. The funds will be used to expand the team, build partnerships, and grow the Innovator Program. Saga's Integrated Stack aims to provide blockspace in a horizontal, scale-out fashion. Additionally, Saga is offering an airdrop to U.S. persons as defined by Section 7701(a)(30) of the U.S. Internal Revenue Code.