Sonic, Solana’s first layer 2 gaming infrastructure protocol, has secured $12 million in a series A round, attracting multiple venture capital investors. This round increases Sonic’s total funding to $16 million, following a $4 million seed round raised in early 2022.
Sonic: Solana’s First L2 Gaming Platform
Sonic, developed by GameFi infrastructure platform Mirror World Labs, is an atomic Solana Virtual Machine-compatible L2 designed for sovereign game economies. Powered by HyperGrid, a core technology from Mirror World, Sonic aims to enhance Solana’s gaming ecosystem with a variety of tools including Web2 and Web3 login methods, an NFT marketplace, a wallet, and an NFT Launchpad.
The team at Mirror World also plans to introduce custom-built rollups on Solana.
“For the past two years, we’ve worked with hundreds of games in the Web3 gaming ecosystem, helping them with monetization and listing,” Chris Zhu, founder and CEO of Sonic, stated.
“Solana was our main focus, providing a suite of tools and frameworks for games. We believe Sonic SVM will be key to unlocking the Solana gaming summer, onboarding thousands of games to launch with our support,” Zhu added.
Sonic SVM: The Go-To Protocol for Gaming on Solana
Mirror World plans to use the new funds to drive further growth for Sonic. This includes the distribution of Sonic grants to encourage new developers to join Solana’s gaming ecosystem.
Solana has seen significant traction in the blockchain ecosystem recently, particularly due to a boom in meme coins. However, the same trend has yet to fully materialize in the gaming sector on this leading retail-friendly blockchain.
Venture capital firm BITKRAFT Ventures led the series A funding round for Sonic, with participation from Galaxy Interactive and Big Brain Holdings, among other crypto-focused investment firms. Justin Swart, Principal at BITKRAFT, expressed confidence in Sonic SVM’s potential to become the preferred network for gaming studios.
Stay updated with the latest news and developments in the cryptocurrency and blockchain space by exploring more articles on Global Crypto News.