Sonic Raises $12M to Scale Solana Gaming Ecosystem
Summary
Sonic, the first gaming L2 infrastructure to launch on Solana, has raised $12 million in a recent Series A round led by BITKRAFT and joined by Galaxy Interactive, Big Brain Holdings and others. HyperGrid is designed to let developers seamlessly deploy new game engines and virtual machines within the Solana environment. Developers can now deploy their own lightning fast SVM chain to support projects and narratives in GameFi or other projects seeking a home on Solana.For the past two years, weve worked with hundreds of games in the Web3 gaming ecosystem helping them with monetization and listing, said Chris Zhu, CEO and Founder of Sonic. 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. Were proud to back this incredible team.The $12M fundraise follows an earlier $4M seed round raised in early 2022, bringing total funds collected to $16M.