Sonic receives 12 million in financing to build the first Solana L2 built for gaming

Solana’s atomic SVM Layer2 Sonic announced the completion of a $12 million Series A round of financing, led by Bitkraft, with participation from Galaxy Interactive, Big Brain Holdings, Matt Sorg (Solana founding team), Nom (Bonk) and other institutions and individuals cast.

#This round of financing will be used to promote Sonic’s product upgrades and ecological expansion. As the first SVM L2 to achieve atomic interoperability with Solana, Sonic can quickly synchronize its Layer 2 network with the Solana mainnet state. Developers can share the program, status and data of the main network without repeatedly deploying contracts. In addition, Sonic also integrates infrastructure suitable for Solana game development and deployment - such as sandbox environment, customizable game development modules and scalable data types, combined with the parallel execution method of Solana Virtual Machine (SVM), and The characteristics of the localized transaction fee market provide faster transaction speeds, lower and stable transaction fees for on-chain game players. To achieve a faster and smoother on-chain gaming experience.

Sonic is committed to leading more developers to join the Solana game ecosystem, and has launched incubation funds and acceleration programs to help them become familiar with Sonic SVM (Solana Virtual Machine) and the HyperGrid expansion framework. HyperGrid is designed to allow developers to seamlessly deploy new game engines and virtual machines in the Solana environment. It acts as a grid deployment toolkit for launching new SVM environments, creating an independent space on the Solana network for each new game.

#Solana is currently the most friendly public chain for users and individual developers, mainly due to its low threshold and the explosive growth of Meme. However, the development of Solana's gaming ecosystem has not yet achieved success commensurate with its scale. This is exactly the problem Sonic hopes to solve through technological innovation. Through Sonic, developers can deploy their own SVM chains with one click, thereby promoting more game narratives to be implemented on Solana.

Sonic CEO Chris Zhu said: "In the past two years, we have worked with hundreds of Web3 games to help them achieve monetization and asset issuance. We attach great importance to Solana because it provides a complete Tools and frameworks. We believe that Sonic SVM will be the key to catalyzing the explosion of the Solana game ecosystem. With our support, thousands of games will be launched and brought into the public eye."

Jens, Partner of Bitkraft. Hilgers said: "The Mirror World team has shown amazing resilience, adaptability, and creativity. Sonic SVM and HyperGrid will lead a leap forward for Solana and even the entire gaming ecosystem. We firmly believe that as Solana continues to attract market attention, it will become the first step for Web3 games." The future paradigm.”

Sonic is created by Mirror World Labs, a game company that has been deeply involved in the Solana ecosystem for a long time. This Series A round will bring its total funding to $16 million, following a $4 million seed round in early 2022. Mirror World Labs focuses on developing Solana game infrastructure, covering all stages of the game life cycle, as well as a full set of technical solutions for game development.

About Sonic

Sonic is Solana’s first atomic SVM L2, designed to enable sovereign game economies that are ultimately settled on Solana. Sonic is driven by HyperGrid, the core technology developed by Mirror World. By gridding Solana, it allows developers to deploy customized Sonic Solana Virtual Machines (SVMs), providing it with huge expansion advantages.

About Mirror World Labs

Mirror World Labs is the team behind Sonic, committed to amplifying the innovative potential of the Solana game ecosystem and providing a full set of technical solutions covering the entire game life cycle: Web2/Web3 Login, NFT market inheritance, wallet integration, NFT Launchpad, and Solana’s customizable Solana Rollups solution

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