Sonic Raises $12 Million to Enhance Gaming on Solana Blockchain
Sonic, a gaming-focused layer-2 blockchain built on Solana, has successfully raised $12 million in its Series A funding round. The round was led by Bitkraft and included investments from Galaxy Interactive and Big Brain Holdings.
Purpose of Funds
The raised capital will be utilized to further develop and expand the Sonic protocol. Sonic aims to provide an infrastructure for game development and execution on Solana, featuring built-in mechanisms such as a sandbox environment, customizable gaming primitives, and extensible data types. These features are designed to offer the fastest on-chain gaming experience.
Sonic is developed by Mirror World Labs, a two-year-old infrastructure company headed by CEO Chris Zhu. Zhu, who holds a bachelor’s degree from New York University and has experience working for ByteDance, the parent company of TikTok, leads the project. Mirror World Labs focuses on creating infrastructure that enhances the gaming experience on blockchain platforms.
Vision and Expectations
Justin Swart, principal at BITKRAFT, expressed confidence in Sonic’s potential: “We expect the Sonic SVM to become the go-to destination for any gaming studio that wants to build games within the Solana ecosystem.” This sentiment reflects the growing interest and investment in blockchain-based gaming solutions.
This recent funding round follows an earlier $4 million seed round in 2022, bringing the total funds raised to $16 million. The continuous investment underscores the strong belief in Sonic’s potential to revolutionize gaming on the Solana blockchain.
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