Solana
Sonic, Layer-2 channel focused on games on Solana, raises $12 million
Sonic, a gaming-focused Layer 2 blockchain atop Solana, has raised $12 million in a fundraising round.
The Series A round was led by Bitkraft and joined by investors including Galaxy Interactive and Big Brain Holdings, according to a press release.
The money will be used for growth initiatives for the Sonic Protocol, which comes with “built-in mechanics designed specifically for developing and running games on Solana, such as a sandbox environment, customizable game primitives, and “extensible data types, while benefiting from the fastest on-chain gaming experience,” according to the press release.
The project was built by the two-year-old Mirror World Labs infrastructure, led by CEO Chris Zhu. According to his LinkedIn profileZhu earned a bachelor’s degree from New York University in 2020 and worked for ByteDance, the parent company of TikTok, the video-sharing platform.
“We expect Sonic SVM to become the go-to destination for any game studio looking to create games within the Solana ecosystem,” Justin Swart, director of BITKRAFT, said in the press release.
The latest fundraising follows a previous fundraising of $4 million in 2022, bringing the cumulative funds raised to $16 million, according to the press release.