Sonic Partners With Neon Stack to Launch EVM-Compatible DApps Within Solana
In Brief
In collaboration with Neon Stack, Sonic is set to incorporate EVM compatibility into the Sonic Virtual Machine, making it easier to deploy decentralized applications powered by EVM technology.
Solana gaming Layer 2 network Sonic announced it has collaborated with Neon Stack The collaboration aims to embed EVM compatibility within the Sonic Virtual Machine (SVM), streamlining how Ethereum developers can deploy their EVM-based decentralized applications (dApps) on the HyperGrid Layer 2 platform that Sonic designed specifically for gaming.
"We’re broadening the gaming ecosystem on Solana beyond just the SVM,\" mentioned Chris Zhu, Sonic's CEO, in an official statement. \"Partnering with Neon Stack allows us to introduce Web3 games created on EVM platforms into the Solana environment. Solana is home to one of the most vibrant and engaged communities in the blockchain sector, and we’re thrilled at the prospect of enabling EVM developers to connect with this lively user base through Sonic’s Layer 2 capabilities,\" he added.
Neon EVM provides an Ethereum Virtual Machine (EVM) that empowers developers to conveniently create and launch dApps, transitioning them from EVM-compatible ecosystems directly onto Solana using their existing code.
Sonic’s Layer 2 framework is specifically designed to support high-traffic dApps, including a range of Web3 games that facilitate transactions on Solana. By collaborating with Neon Stack, Sonic aims to ease the transition for dApps based on EVM technology. Solana This synergy guarantees seamless transactions originating from Ethereum on Sonic’s SVM.
Sonic was developed to tackle the issue of blockchain gaming fragmentation, which often sees developers focusing on a single network or virtual machine (VM), leaving other communities behind. Web3 gaming The SVM solves these challenges by offering a quick, scalable, and VM-agnostic system. This empowers creators to launch games that fully leverage the potential of Web3 technology.
Additionally, Sonic uses HyperGrid technology for lateral scaling, which allows it to handle millions of requests per second, finalizing those on the Solana Layer 1 blockchain. This partnership blends the rapid processing capabilities of Sonic’s Layer 2 with the robust security and finalization that Solana offers.
The partnership between Sonic and Neon Stack is focused on merging the previously separate Ethereum and Solana ecosystems, creating a versatile framework that allows developers greater freedom and fewer technical limitations.
Sonic Secures $12 Million in Series A Funding Round Led by Bitkraft Ventures
It represents a network focused on gaming within the Layer 2 framework. Utilizing HyperGrid, this infrastructure enhances scalability and customization while integrating smoothly with Solana.
Recently, Sonic Sonic has successfully raised $12 million in a Series A funding round spearheaded by Bitkraft Ventures, with contributions from Galaxy Interactive, Big Brain Holdings, and several others. This funding was structured with equity and token warrants, pushing Sonic’s overall valuation to reach $100 million.
Disclaimer
In line with the Trust Project guidelines Please be advised that the information on this page is not meant to serve as legal, investment, tax, or any other type of financial advice. It is crucial to invest only what you can afford to lose, and if there's any uncertainty, seek independent financial counsel. For more information, please refer to the issuer's or advertiser's terms, conditions, and support resources. MetaversePost strives for accuracy and impartial reporting, though market conditions can change unexpectedly.
