Sonic Raises $12M in Series A Round for Gaming-focused Solana Layer 2
Summary
Sonic, a gaming-focused Solana Layer 2 company, recently raised $12M in its Series A round, which was led by BITKRAFT Ventures. Sonic is being built using MWLs proprietary HyperGrid Framework technology. This enables developers to seamlessly deploy new game engines and virtual machines within the Solana environment.Solana is a retail-friendly blockchain due to its easy onboarding. Sonic is building a tech infrastructure, aiming to become the go-to protocol for any gaming studio looking to build games within the Solana ecosystem.This Series A round, along with the $4M seed funding the team received back in 2022, brings their total to $16M. The Series A also brought Sonic to a fully diluted token valuation of $100M.
Funding
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