Sonic - More than just a Meme coin

Sonic, a gaming-focused layer 2 blockchains atop Solana, has raised $12M in a Series A funding round. The Series A round was spearheaded by BITKRAFT, with other noteworthy investors being Galaxy Interactive and Big Brain Holdings.

Sonic has made the headlines by being the first gaming L2 infrastructure to launch on Solana, and the company has promised to use the freshly funded money to fuel further growth for the Sonic protocol.

Beginning of Sonic

Sonic, an atomic SVM l2 built to enable sovereign game economies to expand on the Solana platform. Sonic, powered by HyperGrid - a core technology developed by Mirror World to enable Solana grids -

Spearheading this project is CEO Chris Zhu, a degree holder from New York University, and has previously worked for ByteDance, the parent company of Tiktok.

Fundraising success

This latest fundraising follows an earlier $4 million seed round in 2022, bringing the cumulative funds raised to $16M. The Series A has also brought Sonic to a fully diluted token valuation of $100M.

The first SVM Layer-2 solution for gaming

Sonic features game-specific tools like customisable gaming primitives and extensible data types that help developers to streamline the on-chain gaming experience.

Sonic has also launched attractive grants and acceleration programs to attract new developers within the Solana gaming ecosystem. This initiative will ease the transition for existing game developers to the Sonic SVM and HyperGrid Framework, simplifying the deployment of new game engines and virtual machines within the Solana network.

Sonic’s Future in the Blockchain Gaming Sector

With Sonic’s cutting-edge technology and commitment to innovation, industry experts like Justin Swart, Principal of BITKRAFT believe that Sonic is poised to lead the blockchain gaming industry.

Sonic's CEO Chris Zhu also said, “For the past two years, Sonic has been working with hundreds of games in the WEb3 gaming ecosystem, helping them with monetisation and listing… 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.”