Sonic, a gaming-focused layer-2 blockchain atop Solana, has raised $12 million in a fundraising.
The Collection A spherical was led by Bitkraft and joined by traders together with Galaxy Interactive and Large Mind Holdings, in response to a press launch.
The cash might be used for development initiatives for the Sonic protocol, which comes with “built-in mechanisms designed particularly for recreation growth and execution on Solana, corresponding to a sandbox atmosphere, customizable gaming primitives and extensible knowledge sorts, all whereas boasting the quickest on-chain-gaming expertise,” in response to the press launch.
The venture was constructed by the two-year-old infrastructure Mirror World Labs, led by CEO Chris Zhu. In response to his LinkedIn profile, Zhu acquired a bachelor’s diploma from New York College in 2020 and has labored for ByteDance, the guardian firm of the TikTok, the video-sharing platform.
“We count on the Sonic SVM to develop into the go-to vacation spot for any gaming studio that desires to construct video games inside the Solana ecosystem,” Justin Swart, principal at BITKRAFT, stated within the press launch.
The newest fundraising follows an earlier $4 million seed spherical in 2022, bringing cumulative funds raised to $16 million, in response to the press launch.