Sonic Secures $12 Million to Expand the Solana Gaming Infrastructure
New York, NY, June 18th, 2024, Chainwire
Sonic Sonic, the pioneering gaming Layer 2 (L2) solution debuting on Solana, has successfully raised $12 million through a recent Series A funding round led by... BITKRAFT and joined by prominent players such as Galaxy Interactive, Big Brain Holdings, and others. Developed by Mirror World Labs, Sonic has been at the forefront of GameFi infrastructure innovation for over two years.
The newly acquired capital is set to propel the Sonic protocol forward, establishing itself as the first atomic SVM layer-2 on Solana particularly tailored for gaming. This groundbreaking protocol incorporates mechanisms crafted specifically for game development and execution on the Solana blockchain—offering a sandbox environment, customizable gaming features, and versatile data types, all while ensuring a super-fast on-chain gaming experience.
Sonic aims to facilitate the integration of new developers into the Solana gaming ecosystem by providing Sonic grants and acceleration initiatives. These programs are geared toward helping existing game creators and developers transition smoothly into utilizing the Sonic SVM and HyperGrid Framework. HyperGrid is strategically designed to enable developers to easily deploy their new game engines and virtual machines in the Solana framework, acting as a deployment toolkit to create individual environments linked to the Solana blockchain for each game.
Currently, Solana stands out as the most accessible blockchain for retail users, thanks to its straightforward onboarding process and the strong incentives to utilize the chain, largely driven by the recent memecoin surge. However, the gaming sector on Solana hasn’t experienced the same explosive growth, which is where Sonic steps in with its advanced technological framework. Now, developers have the opportunity to launch their own high-speed SVM chains to support GameFi ventures or any related projects looking to establish a presence on Solana.
Chris Zhu, CEO and Founder of Sonic, stated, \"Over the last two years, we've collaborated with hundreds of gaming ventures in the Web3 landscape, assisting them with monetization strategies and visibility.\" He added, \"Our primary focus has been on Solana, equipping it with a complete suite of tools and frameworks for game development. We genuinely believe that Sonic SVM will unlock a surge of gaming activity on Solana, helping thousands of games to launch effectively with our guidance.\"
Justin Swart, Principal at BITKRAFT, remarked, \"We anticipate that Sonic SVM will become the essential hub for any gaming studio aspiring to create games within the Solana environment. In recent times, over a million active addresses have joined Solana. The Sonic HyperGrid is the powerhouse where outstanding games can blossom for these new users. We’re thrilled to support this remarkable team.\"
The recent $12 million fundraising comes after an earlier $4 million seed round in early 2022, raising the total funds gathered to an impressive $16 million. Mirror World Labs is dedicated to developing robust infrastructure for gaming on Solana, focusing on every stage of the gaming lifecycle, including the onboarding of developers, gamers, and the technical solutions necessary for seamless game performance.
About Sonic
Sonic represents the first atomic SVM L2 created to empower independent game economies that conclude their transactions on Solana. It operates on HyperGrid, a foundational technology crafted by Mirror World to support Solana grids, enabling developers to roll out custom Sonic Solana Virtual Machine (SVM) chains that significantly enhance scalability for game creators.
About Mirror World Labs
The team behind Sonic is Mirror World Labs — their mission is to broaden the gaming horizons within the Solana ecosystem by constructing essential tools and platforms that encompass all facets of the GameFi lifecycle. This includes providing Web2/Web3 login options, integrating NFT marketplaces, wallet compatibility, NFT launchpads, and tailored roll-ups on the Solana blockchain.
Contact
Avishay Litani
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