Saga and Tensor: New rise of NFT and gaming projects on crypto exchanges

The cryptocurrency world is booming, with the non-fungible token (NFT) and gaming sectors becoming increasingly popular. Saga (SAGA) and Tensor (TNSR), two leading projects in these spaces, are preparing to list on major crypto exchanges, signaling renewed interest in NFTs.

Binance, one of the world's leading crypto exchanges, has announced the promotion of the listing of Saga (SAGA). Originally scheduled for April 9, 2024 at 14:00 UTC, SAGA will debut on the platform 6 hours earlier at 08:00 UTC thanks to impressive performance on Binance Launchpool. Saga bills itself as “L1 to run L1,” allowing developers to easily create dedicated, interoperable chains known as “Chainlets.” This makes Saga particularly attractive to the gaming sector as it optimizes blockchain development for specific games.

SAGA, the project's native token, plays a key role in Chainlet's payments, staking and governance. In two years, more than 350 projects began working on its protocol, 80% of which are in the gaming space. The project has also established strategic partnerships with major players such as Polygon, Avalanche, MarbleX, Com2uS and Celestia.

On the other hand, TNSR, the native token of Tensor, will be listed on OKX for spot trading. Deposits will open on April 8, 2024 at 04:00 UTC, and TNSR/USDT spot trading will open at 15:15 UTC.

Tensor is an NFT marketplace on the Solana blockchain offering trading functionality, real-time data, and automated market-making pools for NFTs. The platform incentivizes users and has high liquidity, providing access to more than 30,000 NFT collections. Tensor's $3 million seed round in 2023, backed by Alliance DAO, Solana Ventures, and other prominent investors, shows early confidence in the project. By January 2024, the annual trading volume of the marketplace had already exceeded $140 million.

Research from S&P Global Market Intelligence points to growing optimism for the NFT and gaming sectors, predicting that NFTs could enable cross-game item trading and seamless metaverse integration in the near future.

“In the long term, one or more games will likely find the right gameplay experience to fit the new item ownership model that NFTs convey,” said researchers at S&P Global Market Intelligence.