As a researcher with a background in blockchain technology and gaming industry, I’m excited about the recent developments surrounding Sonic, Solana’s first layer 2 gaming infrastructure protocol. The $12 million series A funding round is a significant milestone that will help accelerate Sonic’s growth and expand its offerings for the gaming ecosystem on Solana.
I’m pleased to report that Sonic, the initial layer 2 gaming infrastructure solution by Solana, has successfully raised $12 million in its Series A funding round. This financing round drew significant interest from various venture capital investors.
After the initial seed round of $4 million, which took place in early 2022, the new funding round brings Sonic’s overall fundraising amount to a total of $16 million.
Solana’s first L2 gaming platform
Mirror World Labs, the creator of the GameFi infrastructure platform, has developed Sonic. This is a virtual machine compatible with Solana’s atomic layer 2 (L2) specifically designed for autonomous game economies.
As a researcher studying the innovative tech space, I’d describe it this way: Mirror World, a subsidiary of Sonic, is the mastermind behind HyperGrid – a groundbreaking core technology that fuels their gaming ecosystem. By harnessing the power of HyperGrid, Sonic intends to propel Solana’s gaming realm forward through an assortment of tools tailored for both Web2 and Web3 users. These resources include seamless login options, a vibrant NFT marketplace, a user-friendly wallet, and an advanced NFT Launchpad.
The team at Mirror World also envisions the introduction of custom-built rollups on Solana.
As a researcher immersed in the field of Web3 gaming for the past two years, I’ve had the privilege of collaborating with numerous game developers in this ecosystem. My team and I have provided expert guidance on monetization strategies and facilitated their listings to ensure optimal success.
As an analyst, I would rephrase it as follows: “Solana held our primary attention, offering a comprehensive set of tools and frameworks specifically for gaming. We are convinced that Sonic SVM is the pivotal solution to usher in a boom of Solana-based games this summer, facilitating the onboarding of countless titles and ensuring they have our backing as they enter the market.”
Sonic SVM as go-to protocol for gaming on Solana
Mirror World plans to invest newly acquired funds into initiatives that will foster additional expansion for Sonic. One of the proposed uses includes dispersing Sonic grants to facilitate the joining of new game developers to the Solana gaming community.
As a crypto investor, I’ve noticed an impressive surge in popularity for Solana in the blockchain community over the past few months. This growth can be attributed to the meme coin craze that has taken the market by storm. However, unlike meme coins, the gaming sector on Solana hasn’t experienced the same level of momentum.
Today, Sonic revealed that BITKRAFT Ventures spearheaded the Series A financing, with additional investments coming from Galaxy Interactive and Big Brain Holdings, plus other crypto-centric financial backers.
According to Justin Swart, Principal at BITKRAFT, they anticipate Sonic SVM becoming the preferred network for gaming studios in the future.
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2024-06-18 19:06