Sonic, Gaming-Focused Layer-2 Chain on Solana, Raises $12M

In the announcement, it was revealed that Bitkraft took the lead in the Series A funding, with the participation of investors such as Galaxy Interactive and Big Brain Holdings.

The announcement specifies that the funds will be allocated for expanding Sonic protocol, featuring unique tools tailored for game creation and operation on Solana. These include a testing ground (sandbox environment), adjustable gaming components, and expandable data structures, all while providing the swiftest on-chain gaming experience, as stated in the press release.

The two-year-old infrastructure Mirror World Labs, headed by CEO Chris Zhu, constructed the project. As per his LinkedIn profile, Zhu obtained his bachelor’s degree from New York University in 2020 and has prior experience working for ByteDance, the TikTok parent company.

As a researcher studying the gaming industry and the Solana ecosystem, I would express it this way: “I believe that the Sonic SVM will emerge as the preferred choice for game studios aiming to develop games within the Solana blockchain.”

In the most recent announcement, the company disclosed that they have raised additional funds, following their initial seed round of $4 million in the year 2022. This brings their total amount raised up to $16 million as stated in the press release.