In September 2024, Cosmos Hub’s Venture Arm, deployed by Atom Accelerator DAO (AADAO), made a decisive move into one of Web3’s fastest-growing frontiers: gaming.
With a $100,000 investment in Shaga’s $4 million seed round – led by IOSG Ventures, joined by Amber Group, Arca, and others – we’re backing a true pioneer in decentralized cloud gaming. This move not only expands ATOM utility, but helps fuel the next wave of blockchain-powered gaming innovation.
The Power of Decentralized Cloud Gaming
Shaga is revolutionizing cloud gaming with its DePIN (Decentralized Physical Infrastructure Network) architecture, delivering speeds three times faster than the commonly used Google Stadia, while ensuring ultra-low latency gameplay. As a two-time DePIN Global Hackathon winner, Shaga is redefining the standards for accessibility, efficiency, and community-driven cloud gaming in Web3.
“Shaga is set to revolutionize gaming, and our investment from ATOM Accelerator, on behalf of Cosmos Hub, signals our confidence in their vision. Beyond enhancing ATOM’s utility, we’re backing a team delivering lightning-fast, accessible cloud gaming via cutting-edge DePIN infrastructure, available in consumer facing form. Boasting support from web3 greats such as Solana’s Anatoly Yakovenko, Helium’s Amir Haleem, and ATMTA, the developers of Star Atlas, Shaga positions both DePIN powered cloud gaming and Cosmos Hub as industry trailblazers. Excited to see this team deliver on their promise of [sha]red [ga]ming. Any game. Any device. Anywhere. Shaga.” – Jordan Andrews, Ventures Lead at ATOM Accelerator.
Why This Investment is a Game-Changer for the Hub and ATOM
By supporting Shaga, the Cosmos Hub is solidifying its role in Web3 gaming and accelerating the adoption of ATOM-powered applications. This investment unlocks key advancements for the ecosystem:
- IBC-powered cross-chain listings: AEZ projects will be able to seamlessly integrate with Shaga’s cloud gaming infrastructure, creating new opportunities for developers and users- including an eventual Shaga token listing in Cosmos with an ATOM LP, via IBC Eureka.
- Cosmos wallet compatibility: Shaga will introduce native support for Cosmos-based wallets, enabling ATOM holders and Cosmos games to engage with cutting-edge gaming experiences effortlessly.
- Boosted adoption and engagement: Gamers and game developers will benefit from a more interconnected and accessible blockchain-powered gaming ecosystem, driving broader adoption of both cloud gaming and Web3 gaming.
“AADAO’s support has been incredibly meaningful for us at Shaga. Their belief in our vision not only validates our journey, but helps build crucial bridges across the Web3 landscape, uniting communities through the power of gaming. We’re genuinely grateful for their partnership and excited to grow together, bringing seamless and accessible decentralized gaming experiences to players everywhere.” – Daeshawn Ballard, COO and Co-founder.
Looking ForwardThe Cosmos Hub’s investment in Shaga, deployed by AADAO, marks the beginning of a new wave of innovation in Web3 gaming. As Shaga continues to push the boundaries of decentralized cloud gaming, ATOM’s integration will further solidify the Cosmos Hub’s position as a key player in this space.
As of publishing date, Shaga is officially live on Android and Windows, allowing users to experience the future of gaming firsthand – with iOS support coming soon. Be sure to follow Shaga’s journey as they continue to transform the gaming landscape!
About the Atom Accelerator DAO
AADAO is a governance-mandated DAO of the Cosmos Hub. We have been formed and mandated to drive value for the Cosmos Hub, supporting initiatives that either directly create economic impact or produce value that can drive its growth.
*Note: Effective January 1, 2025, AADAO has been sunset and is now in maintenance mode. The program is no longer accepting new grant applications or pursuing new investment agreements.
In 2023, we deployed $3.8 million in grants to 39 recipients – resulting in, among other things – a $22m USD airdrop to the Community Pool, an AEZ Accelerator program to expand the AEZ, a successful hackathon with 42 project submissions bringing innovations to the AEZ – and many other key initiatives. Read about them in our 2023 Impact Report.
