Shaga completes $4 million financing, led by IOSG Ventures

ChainCatcher news, Solana ecosystem DePIN project Shaga announced the completion of a $4 million financing round, led by IOSG Ventures, with investors including Everyrealm, Amber Group, MH Ventures, and several angel investors.

Shaga is dedicated to reshaping the gaming experience, breaking through hardware bottlenecks, and providing ultra-low latency and high-performance gaming, aiming to allow billions of players worldwide to enjoy the ultimate gaming fun. By adopting edge computing technology, Shaga brings a cloud gaming experience to users, enabling anyone to set up nodes and share games. Players can participate in the DePIN network at a lower cost and with lower latency without the need to purchase specialized hardware, significantly lowering the entry barrier to the ecosystem.

Previously, Shaga had just completed a $1 million angel round financing in June 2024.