Saga to sell crypto division, pivot to AI consumer platform

Layer 1 protocol Saga (SAGA) has announced it is selling its cryptocurrency division and establishing Saga AI Labs to pivot toward an AI-based consumer platform. As part of the transition, the authority to operate and manage the blockchain network will be transferred to Alapin Holding, a subsidiary of dao5. The company stated that the network and transactions will continue to operate without issue, adding that there will be no chain suspension or forking. Saga AI Labs will focus on developing AI consumer platforms and autonomous digital characters, with plans to expand into consumer brands, sports, and other sectors in the future.