[Hanoi, July 2022], At the Global Blockchain Congress, PraSaga has participated as a title sponsor and also hosted the Cocktail reception. The CEO and CMO of PraSaga both took the stage to show PraSaga’s strategic direction and introduce the ultimate vision within the crypto community.<img src="https://lh3.googleusercontent.com/Zp8DDD5pmX6Ee26po7ouEakdXxsJZTC6hicgKsdnjRR6mortlQpAX5hAEXiyj9t4qd48GWW1bm1e0vqtf3zkcO2MCFhCVWxV7GMS3vfXkYHMB_Mne5nE9ugVropJQO_Wk1dADZlnQHJ2NpAyp62uhVw" alt="Prasaga - Global Title Sponsor of the Global Blockchain Congress" title="Prasaga - Global Title Sponsor of the Global Blockchain Congress" width="624" height="416">PraSaga - Global Title Sponsor of the Global Blockchain Congress<h2>How PraSaga deals with the downtrend market</h2>The Global Blockchain Congress (GBC) is a closed-door conference of investors and hand-picked blockchain businesses seeking funding. This unique event includes more than 100+ investors with combined budgets of more than $5 billion, and only 20 blockchain firms will be introduced to the investors, using the congress's prime and top-quality.<a href="https://www.prasaga.com/" alt="PraSaga website" title="PraSaga website" target="_blank" rel="nofollow" class="">PraSaga</a> is an ecosystem that is working to create the next generation of Layer One blockchain. PraSaga's technical solution addresses several of the shortcomings of first-generation Layer One blockchains. The SagaChain successfully solves transaction fees, supply chain extensibility, and considerably cuts development costs.&nbsp;At the <a href="https://www.builder.news/news/first-time-in-vietnam-the-global-blockchain-congress-10th-edition-VLxmU" alt="First time in Vietnam - The Global Blockchain Congress 10th edition" title="First time in Vietnam - The Global Blockchain Congress 10th edition" target="_blank" rel="" class="">10th Global Blockchain Congress</a>, many discussion sessions took place throughout the event and each discussed the hottest and most concerning topic in the blockchain world today such as: MetaFi, Web3, ..being presented by insightful speakers in the blockchain industry. In addition, it is impossible not to mention the topic that many people are interested in right now: the downturn of the market. This is a hot issue, receiving a lot of attention from investors, as well as projects and ventures.As an ecosystem, PraSaga has also shared some points of views on this issue:<blockquote class="">One of the things PraSaga is doing is the saga-verse. Saga-verse is going to be where you're going to, a whole ecosystem could be showcased inside of the saga-verse so that we can discover projects that are going on inside of the ecosystem, as well as be able to find products and services, or even developer services that you might be providing here and expose those to our larger ecosystem.Jay MooreCMO of PraSaga</blockquote><img src="https://lh5.googleusercontent.com/SC36r45oJ-QTo1c6pz3mS6GL2tPrFADTHkcfoV2vI-vGUEcCtuNIXP9sQLQUoF9rdLNxjMoYrsm5bjRUQ-xaawC25YpDOwF0i6PXp8jiBXH6tQ3fgNt2usCOkCJOgvi4ZB9H8BV5QY3YK6GZiTuCyyY" alt="Mr. Michael Holdmann, CEO of Prasaga, presents PraSaga's strategic direction at the Congress" title="Mr. Michael Holdmann, CEO of Prasaga, presents PraSaga's strategic direction at the Congress" width="624" height="416">Mr. Michael Holdmann, CEO of PraSaga, presents PraSaga's strategic direction at the CongressDespite the market crash, in June 2022, PraSaga has introduced the SagaPython with the intention to bring simplicity into the blockchain. SagaPython is the next step for developers who want to create a wide range of apps utilizing the SagaChain. By utilizing the widely popular and familiar Python language, SagaPython enables developers to easily program using PraSaga's first-class object model. This familiarity will enable developers to rapidly grasp SagaPython's capabilities and begin producing products and addressing problems. PraSaga's CPO said that the introduction of SagaPython is a true milestone for the PraSaga Foundation, representing a critical leap forward for the organization's long-term roadmap and vision.In addition, recently, PraSaga's CEO has just featured in the "Wild West Crypto Show" during Consensus 2022. In the conference, theo CEO showed what's behind PraSaga's revolutionary infrastructure, how the PraSaga team is solving the fundamental problem in Web3 and its current development plans.&nbsp;<h2>Necessity is the mother of invention</h2><img src="https://lh5.googleusercontent.com/xYNx41BqztZf5gFJ_29EtQrTD-et612BoKgICCf9Z2c5imc6h8Xi5DSc0-Wr5qsYpyEf6NU9V3_DbuBs6IPXJpQHtpPt46DNbyOmQQ9NsG-mz5prSR55quCNbdrCL4WupIuMNE4W2GltYrWQf6R1A58" alt="The Prasaga Team at the Congress" title="The Prasaga Team at the Congress" width="624" height="416">The PraSaga Team at the CongressWhen individuals, ventures, or even an ecosystem lose a significant amount of money or their careers, some may wonder, "What's so terrific about this?" After all, there are numerous reasons to remain optimistic. The drop in cryptocurrency values over the last several months has been tremendously unpleasant for investors, but while many market participants are nursing their wounds, others are optimistic about the shakeout.&nbsp;With PraSaga, the team has spent years working to expedite and encourage the adoption of blockchain-based technologies for social good, innovation, and investment. PraSaga's team are all veteran members with extensive experience in the industry. Therefore, facing the collapse of the cryptocurrency market, PraSaga also has its own preparations. PraSaga always has a plan for every possible market scenario. These plans can not only respond to market innovations but also accommodate existing technologies.&nbsp;<blockquote class="">“PraSaga can provide the cloud computing requirements for mobile, or be able to be a good platform solution for NFT or Metaverse projects.”Jay Moore</blockquote>With the leading prestige advantage, PraSaga and its partners are still building relationships day by day with cherished products. In May 2022, PraSaga and Meta Entertainment announced their partnership with each other. Additionally, PraSaga and Mega Entertainment have joined together with the aligned goals of bringing blockchain and Metaverse back together in a secure and scalable way. This further confirms the solidity of an ecosystem, when a branch may not yet make a profit, but there is always other value created.<img src="https://lh6.googleusercontent.com/RFnnH1aQ962R505CQWSscINcTFefXPoK4aI5QfTFdfcP9bUbiaaaIfNWjaH4lZ6D2x2sO_g8QsiIQ5NImddsk4cjAUNTvwOeZviIanZ11zfuxjnY_l2zIUa6ZL6OYmvIVB4RlXXCT9dkkzY0PwLi1us" alt="PraSaga is awarded 1st place in the category &quot;Most likely to succeed&quot; at the Global Blockchain Congress" title="PraSaga is awarded 1st place in the category &quot;Most likely to succeed&quot; at the Global Blockchain Congress" width="514" height="734">PraSaga is awarded 1st place in the category "Most likely to succeed" at the Global Blockchain CongressAt the Global Blockchain Congress, PraSaga was awarded the first place in the category "Most Likely to Succeed". This further proved the attractiveness of an ecosystem in general, as well as Prasaga in particular, in this volatile market situation.The market will continue to rise and fall endlessly, and this cycle will continue indefinitely. However, as time passes, more and more effective firms that are committed to innovation rather than just making quick money will emerge.<h2>About PraSaga</h2>PraSaga is a decentralized network and platform for routing data flows between distributed message servers and clients in real time. PraSaga DataGrid enables the ability to improve the world's environment and infrastructure by developing an emerging interoperable messaging network for sharing information and data via a crypto-economic incentive system embedded with regenerative ecosystem principles and triple bottom line alignment.Many of these extend beyond the DataGrid PraSaga, but this concept is only conceivable and real now that there is a basic decentralized IoT device ecosystem. The Chicago Board Options Trading of IoT data is supported by DataGrid preservation for bid/ask exchange for device data. DataGrid Preservation allows anyone to create an exchange. This exchange will include various ETDs (Exchange-Traded Data).PraSaga's objective is to build a global "data network." It is termed Data Cash because the goal of its operation is to improve the asset value of the Data Grid Token (DGT), which symbolizes data as currency. PraSaga is made up of various non-profit organizations that are run by the PraSaga Foundation, which is overseen by the PraSaga Supervisory Board. These include Maltese Inc. and PraSaga Systems Integrator, with more non-profit organizations set to join in the future. The Internet of Things (IoT) is a network of embedded devices, electronics, cars, and other physical entities that are linked by many sensors, actuators, and software. The IoT opens up possibilities for a more direct integration of the physical world with computer-based systems.<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

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PraSaga remains optimistic in the midst of crypto turmoil