Sonic, the pioneering gaming Layer-2 infrastructure on Solana (SOL), has successfully raised $12 million in a Series A funding round, as per the latest updates shared with Finbold on June 18.
The funding round was led by BITKRAFT, with significant contributions from other partners such as Galaxy Interactive and Big Brain Holdings.
With new funds, Sonic is set to expand its innovative gaming protocol on the Solana blockchain.
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The first SVM Layer-2 solution for gaming
The infusion of capital will accelerate the growth of Sonic’s protocol, known as the first atomic Solana Virtual Machine (SVM) Layer-2 solution tailored for gaming.
Sonic’s platform features game-specific tools such as customizable gaming primitives and extensible data types designed to streamline the on-chain gaming experience.
To attract new developers within the Solana gaming ecosystem, Sonic has announced upcoming grants and acceleration programs.
These initiatives will ease the transition for existing game developers to the Sonic SVM and HyperGrid Framework, which simplifies the deployment of new game engines and virtual machines within the Solana network.
“The Solana gaming summer”
While regarded as a user-friendly blockchain, Solana’s gaming sector still lags behind some of its competitors.
Sonic’s advanced technology stack will hopefully help bridge this gap by allowing developers to deploy high-speed SVM chains and facilitate advanced GameFi projects.
Chris Zhu, CEO and Founder of Sonic, emphasized the company’s focus on expanding Solana’s gaming network and ushering in the “Solana gaming summer”, stating:
“For the past two years, we’ve worked with hundreds of games in the Web3 gaming ecosystem helping them with monetization and listing. Solana was our biggest focus with a whole suite of tools and frameworks for games. 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 enthusiasm, stating:
“We expect the Sonic SVM to become the go-to destination for any gaming studio that wants to build games within the Solana ecosystem. Over 1M active addresses have been added to Solana over the past year – the Sonic HyperGrid is where some of the best games can be built for these new users. 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 firm behind Sonic, continues to focus on Solana gaming infrastructure, supporting every stage of game development, from developer onboarding to performance testing.
