Sonic Raises 12 Million to Enhance Solanas Gaming Ecosystem
Sonic, the trailblazing gaming Layer-2 infrastructure built on Solana (SOL), has successfully secured $12 million in a Series A funding round, according to the latest updates shared with Finbold on June 18.
BITKRAFT led the funding round, with significant contributions from partners like Galaxy Interactive and Big Brain Holdings. With this fresh injection of funds, Sonic is gearing up to expand its innovative gaming protocol on the Solana blockchain.
The first of its kind SVM Layer-2 solution for gaming, Sonic’s protocol, known as the first atomic Solana Virtual Machine (SVM) Layer-2 solution tailored for gaming, will benefit from the accelerated growth brought on by the infusion of capital.
Sonic’s platform offers game-specific tools, such as customizable gaming primitives and extensible data types, designed to enhance the on-chain gaming experience. To attract new developers to the Solana gaming ecosystem, Sonic has announced upcoming grants and acceleration programs.
These initiatives aim to simplify the transition for existing game developers to the Sonic SVM and HyperGrid Framework, making it easier to deploy new game engines and virtual machines within the Solana network.
Despite being a user-friendly blockchain, Solana’s gaming sector still lags behind some competitors. Sonic’s advanced technology stack is expected to bridge this gap by enabling developers to deploy high-speed SVM chains and facilitate advanced GameFi projects.
Chris Zhu, CEO and Founder of Sonic, highlighted the company’s commitment to expanding Solana’s gaming network and introducing the “Solana gaming summer.” Zhu stated, “We believe Sonic SVM will be the key to unlocking the Solana gaming summer, onboarding thousands of games to launch and go to market with our support.”
Justin Swart, Principal at BITKRAFT, echoed this sentiment, expressing confidence in Sonic SVM becoming the go-to destination for gaming studios looking to build games within the Solana ecosystem. He stated, “We’re proud to back this incredible team.”
The recent $12 million raise follows a $4 million seed round in early 2022, bringing Sonic’s total funding to $16 million. Mirror World Labs, the company behind Sonic, remains focused on Solana gaming infrastructure, providing support for every stage of game development, from developer onboarding to performance testing.