A $12 million funding campaign has been held for Sonic, a layer-2 blockchain dedicated to gaming that runs on top of Solana. Big Brain Holdings and Galaxy Interactive were among the investors in the Series A round led by Bitkraft, as per a press statement.
The money will be used for growth initiatives for the Sonic protocol, which comes with “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience,” according to the press release.
Under the direction of CEO Chris Zhu, Mirror World Labs, a two-year-old infrastructure, constructed the project. Zhu obtained a bachelor’s degree from New York University in 2020, and according to his LinkedIn profile, he has worked for ByteDance, the parent company of the video-sharing app TikTok.
“We expect the Sonic SVM to become the go-to destination for any gaming studio that wants to build games within the Solana ecosystem,” Justin Swart, principal at BITKRAFT, said in the press release.
According to the press release, the most recent fundraising brings the total amount raised to $16 million. This comes after an earlier $4 million seed round in 2022.