MagicBlock Raises $7.5M in Seed Funding
Summary
MagicBlock, a Singapore, CA-based real-time engine provider for decentralised games and applications on Solana, raised $7.5M in Seed funding. The round was led by Lightspeed Faction, with participation from Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and angels including Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver. The company intends to use the funds to expand its engineering team, scale its developer ecosystem, and continue optimizing its ephemeral rollup technology. Built for developers, the company delivers a combination of speed, composability, and scalability, ensuring that decentralized applications can achieve Web2-level performance without sacrificing the benefits of Web3. • dTelecom, a provider of a decentralized real-time communication network running ephemeral rollup technology to deliver a low latency experience with ultra-cheap fees.