Sonic Raises 12 Million to Enhance Solanas Gaming Ecosystem
Sonic, the groundbreaking Layer-2 gaming platform built on the Solana blockchain, has successfully secured $12 million in a Series A funding round, according to recent reports shared with Finbold on June 18th. The funding was led by BITKRAFT, with significant contributions from partners like Galaxy Interactive and Big Brain Holdings.
With this new capital infusion, Sonic is gearing up to expand its innovative gaming protocol on the Solana blockchain. The platform, the first atomic Solana Virtual Machine (SVM) Layer-2 solution specifically designed for gaming, offers game-specific tools such as customizable gaming primitives and extensible data types to enhance the on-chain gaming experience.
To attract more developers to the Solana gaming ecosystem, Sonic has announced upcoming grants and acceleration programs. These initiatives aim to simplify the process for existing game developers to transition to the Sonic SVM and HyperGrid Framework, which streamlines the deployment of new game engines and virtual machines on the Solana network.
While Solana is known for its user-friendly blockchain, its gaming sector has room for growth compared to other competitors. Sonic’s advanced technology stack is expected to help bridge this gap by enabling developers to deploy high-speed SVM chains and support advanced GameFi projects.
Chris Zhu, CEO and Founder of Sonic, highlighted the company’s commitment to expanding Solana’s gaming network and ushering in the “Solana gaming summer”, saying: “For the past two years, we’ve collaborated with numerous games in the Web3 gaming ecosystem, assisting them with monetization and listing. Solana has been our primary focus, offering a range of tools and frameworks for games. We believe Sonic SVM will be instrumental in unlocking the Solana gaming summer, enabling thousands of games to launch and go to market with our support.”
Justin Swart, Principal at BITKRAFT, shared this excitement, stating: “We anticipate the Sonic SVM to become the preferred destination for any gaming studio looking to develop games within the Solana ecosystem. With over 1 million active addresses added to Solana in the past year, the Sonic HyperGrid is poised to host some of the best games for these new users. We are proud to support this exceptional team.”
The recent $12 million funding round follows a $4 million seed round earlier in 2022, bringing Sonic’s total funding to $16 million. Mirror World Labs, the company behind Sonic, remains dedicated to enhancing Solana’s gaming infrastructure, providing support for every stage of game development from developer onboarding to performance testing.
