Sonic SVM successfully closed a $12 million Series A funding round to enhance its innovative gaming infrastructure on the Solana blockchain, with significant backing from MH Ventures and other investors.
Information on the Target
Sonic SVM is at the forefront of revolutionizing game development and blockchain integration in the Solana ecosystem. As the first atomic SVM Layer 2, Sonic's technology is crafted to empower sovereign game economies on the Solana blockchain, establishing itself as a pioneering force in building scalable frameworks and infrastructure from the ground up.
With its advanced SVM HyperGrid technology, Sonic SVM provides seamless compatibility with Ethereum Virtual Machine (EVM) smart contracts alongside a native game engine, enabling developers to create comprehensive on-chain gaming experiences. The platform promises unmatched speed and cost efficiency, ensuring that game developers can harness the power of Solana for building engaging and innovative gameplay.
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Industry Overview in the Target's Specific Country
The gaming industry in the United States has experienced exponential growth in recent years, with the convergence of traditional gaming and blockchain technology leading to numerous innovati
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MH Ventures
invested in
Sonic SVM
in 2023
in a Series A deal
Disclosed details
Transaction Size: $12M