Bitkraft Ventures Funds $12M in Solana's L2 Solution Sonic's Series A Round

Bitkraft Ventures Funds $12M in Solana's L2 Solution Sonic's Series A Round

Play To Earn Games | 26 Jun 2024 19:50 UTC

The Next Gaming Revolution: Sonic Takes the Lead with Series A Funding

The digital gaming universe is on the brink of transformation, thanks to the groundbreaking strategies of Solana-based Layer 2 platform, Sonic. With a successful $12 million Series A funding round under its belt, led by the investment prowess of Bitkraft Ventures, Sonic is steering the gaming world into new, uncharted territories. Contributions from Galaxy Interactive and Big Brain Holdings have further solidified this venture, marking a significant milestone in the gaming chain's journey.

Building Blocks of Success

Merely a year following a remarkable $4 million seed round, Sonic's total capital raised towers at an impressive $16 million. This influx of funds has not only demonstrated the immense faith investors place in Sonic but has also positioned the platform at a whopping $100 million valuation. Mirror World Labs, the ingenious team behind Sonic, is harnessing the power of Solana rollups through their HyperGrid Framework technology to propel the platform forward. This revolutionary technology seamlessly empowers developers to leap from Ethereum Virtual Machine to Solana, signaling a new dawn for decentralized applications.

Unleashing Gaming Velocity

Chris Zhu, the visionary founder, and CEO of Sonic, enthuses about providing an unparalleled on-chain gaming experience. Through the Solana Virtual Machine (SVM), Sonic aims to offer speed and efficiency at minimal cost, redefining the essence of blockchain gaming. Echoing this optimism, Justin Swart from Bitkraft Ventures sees SVM as a beacon for gaming studios navigating the Solana ecosystem, eager to craft compelling gaming experiences.

Odyssey Awaits

Amidst this wave of innovation, Sonic is gearing up to launch its incentivized testnet campaign, dubbed "Odyssey." This avant-garde move will allow participants to immerse themselves in a realm where gaming and transactions go hand-in-hand, rewarding their prowess with "rings." While these rings serve as a testament to the players' skills, they also pave the way for exclusive rewards, adding a layer of excitement and engagement to the Sonic universe.

The Token of Tomorrow

The anticipation builds as Sonic's native token stands on the cusp of its unveiling, scheduled to align with the mainnet launch in the third quarter of 2024. This strategic move is poised to further elevate Sonic's position in the gaming sphere, promising a future where blockchain technology and gaming converge in perfect harmony.

Staying Ahead in the Digital Frontier

In a realm where innovation is the key to success, keeping abreast of the latest developments is crucial. For enthusiasts eager to dive deeper into the evolution of Sonic and the gaming universe it seeks to revolutionize, subscription to insightful newsletters and engaging in community conversations on platforms like X and Telegram are invaluable. These resources offer a gateway to the pulse of the blockchain gaming industry, ensuring that aficionados and potential investors alike remain informed and inspired.

As Sonic embarks on this thrilling voyage, its Series A funding milestone is not just a testament to its potential but a beacon for the transformative power of blockchain technology in gaming. With a seamless blend of innovation, strategic partnerships, and community engagement, Sonic is not just creating a platform; it's spearheading a gaming revolution. And for the gaming aficionados, investors, and technophiles watching from the sidelines, the journey of Sonic represents an exciting glimpse into the future of digital entertainment.

Indeed, as we stand on the precipice of this new gaming era, one thing is clear: The convergence of blockchain technology and gaming, led by platforms like Sonic, promises not just an evolution but a revolution. A revolution that redefines the boundaries of digital entertainment, offering experiences that are not only immersive and engaging but also rooted in the principles of decentralization and innovation.

So, as we look to the horizon, let's embrace this journey into the unknown, for it is in the realms of innovation that the future of gaming truly lies. Join us on this exhilarating adventure, witness the evolution of gaming, and be a part of a community that's not just playing games but setting the foundations for a new digital frontier.

Welcome to the future of gaming. Welcome to Sonic.

Wil je op de hoogte blijven van Play-to-Earn-spellen?

Schrijf je nu in voor onze wekelijkse nieuwsbrief.

Bekijk meer
XProtocol Secures $800K Investment Ahead of Mainnet Launch

XProtocol Secures $800K Investment Ahead of Mainnet Launch

Revolutionizing the Game: How XProtocol is Changing the Face of Web3 Entertainment The world of gaming and entertainment is on the brink of a monumental shift thanks to the innovative strides taken by XProtocol, a project that's making waves in the blockchain space Recently announcing a whopping $800k boost in strategic funding, XProtocol has successfully raised a total capital of $5 2 million This remarkable achievement signifies a new era in web3 entertainment, with heavyweights like Cogitent Ventures and Zephyrus Capital throwing their support behind the venture Unlocking New Potentials with Strategic Funding Funding in the tech world isn't just about the numbers; it's a vote of confidence from industry stalwarts and a catalyst for growth...

Lees verder
Authorities Note Supreme Court Rulings to Weaken SEC's Grip on Crypto Markets

Authorities Note Supreme Court Rulings to Weaken SEC's Grip on Crypto Markets

The Supreme Court's Major Decision: A Game Changer for Federal Agencies In a recent noteworthy development, conservative justices of the U S Supreme Court have made headlines worldwide Their decision in favor of two majority opinions is a turning point, signaling potentially significant changes ahead This article dives into what these opinions entail and their possible impact on the enforcement capabilities of federal agencies...

Lees verder
Report Alarms on ChatGPT Directing Users to Unsafe Websites

Report Alarms on ChatGPT Directing Users to Unsafe Websites

Understanding the Risks: Generative AI's Link to Malware Sites In the era of lightning-fast technological advancements, the emergence of generative AI has broken new ground, promising a future where human-like chatbots could enhance our daily internet experience However, like any groundbreaking technology, it's not without its pitfalls A recent discovery has shed light on a concerning facet of generative AI, particularly focusing on how these advanced systems could unintentionally lead visitors to malware-infested corners of the internet Let's dive into this intriguing and somewhat alarming issue The Hidden Danger in AI's Toolbox Generative AI systems, lauded for their ability to produce content that mimics human thought patterns, have a darker side...

Lees verder

Play-to-Earn Games: Beste Blockchain Game-lijst voor NFTs en Crypto

Play-to-Earn Game-lijst
Geen verplichtingenGratis te gebruiken