TL;DR
- Sonic has successfully raised $12 million in its Series A round. Led by Bitkraft and backed by Galaxy Interactive and Big Brain Holdings, to enhance its protocol on Solana.
- The project stands out for its focus on game development on Solana. Offering a sandbox environment and customizable tools for developers.
- Sonic is set to become the preferred destination for game studios looking to leverage Solana’s advantages.
Sonic, a layer-2 gaming chain built on the Solana network. Has captured investors’ attention with a successful $12 million fundraising in its Series A round. Led by Bitkraft and supported by renowned firms such as Galaxy Interactive and Big Brain Holdings. The investment aims to bolster the protocol’s capabilities within the blockchain ecosystem.
The Sonic project distinguishes itself with its emphasis on game development on Solana. Leveraging specific features like a sandbox environment, customizable gaming primitives, and extensible data types. These functionalities are designed to deliver a fast and efficient gaming experience on the chain. Providing developers with essential tools to create innovative games within Solana’s blockchain.
We are excited to announce that Sonic, developed by Mirror World, has completed a $12M Series A funding round led by @BITKRAFTVC, bringing our total capital raised to $16M. 🎉
Sonic is the first atomic SVM Layer 2 built to enable sovereign game economies on @solana. pic.twitter.com/nBAJghORt0
— Sonic (@SonicSVM) June 18, 2024
Behind Sonic is Mirror World Labs, an infrastructure founded two years ago by Chris Zhu, who previously worked at ByteDance, the parent company of TikTok. Zhu, with an academic background from New York University. Leads the team that has propelled the protocol’s development to its current market position.
Sonic Is Positioned to Lead in the Blockchain Gaming Industry
Justin Swart, principal at BITKRAFT, expressed confidence that Sonic will become the preferred choice for game studios seeking to capitalize on Solana’s advantages. His optimistic outlook is based on Sonic’s ability to offer a competitive and high-speed gaming experience on the blockchain, attracting a new generation of developers and gamers looking for innovation and performance in the gaming industry.
The $12 million raised in the Series A round follows a previous seed round that raised $4 million in 2022, totaling $16 million in accumulated funds to date. This financial backing will strengthen Sonic’s position within the blockchain market and underscores the growing interest in platforms driving game development on fast and efficient chains.
Sonic is well-positioned to expand its capabilities and consolidate its presence in the blockchain gaming industry.
