Sonic, a gaming-focused layer-2 blockchain built on Solana, has successfully raised $12 million in a recent funding round. The Series A round was led by Bitkraft and included investments from Galaxy Interactive and Big Brain Holdings.
The funds will be allocated to expanding the Sonic protocol, which features game development tools tailored for the Solana ecosystem. According to the press release, Sonic offers “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives, and extensible data types, all while providing the fastest on-chain gaming experience.”
Sonic was developed by Mirror World Labs, a two-year-old infrastructure company led by CEO Chris Zhu. Zhu, who graduated from New York University in 2020 and previously worked for ByteDance, the parent company of TikTok, has been pivotal in driving Sonic’s growth.
“We expect the Sonic SVM to become the go-to destination for any gaming studio that wants to build games within the Solana ecosystem,” said Justin Swart, principal at Bitkraft, in the press release.
This latest fundraising round follows an earlier $4 million seed round in 2022, bringing the total funds raised to $16 million.
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Source: https://cryptocurrencynews.com/sonic-raises-12m-for-solana-gaming-blockchain/
