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Solana-Based L2 Sonic Secures $12M Series A: The Future of Blockchain Gaming is Here!
Hey guys, it's Mr. Beast here, bringing you some exciting news from the world of blockchain gaming! Sonic, a Solana-based Layer 2 platform, just secured a whopping $12 million in a Series A funding round. Bitkraft Ventures led the charge, with big names like Galaxy Interactive and Big Brain Holdings also jumping on board. This new injection of funds brings Sonic's valuation to an impressive $100 million! How awesome is that?
What's Sonic All About?
So, you're probably wondering, what exactly is Sonic? Developed by Mirror World Labs (MWL), Sonic is built on the innovative HyperGrid Framework technology. This tech uses Solana rollups for horizontal scaling, which means developers can easily deploy decentralized applications (dApps) from the Ethereum Virtual Machine (EVM) to Solana. That's some next-level stuff right there!
But wait, there's more! This seamless integration makes for an ultra-fast on-chain gaming experience, all thanks to the Solana Virtual Machine (SVM). And the best part? It comes at a minimal cost. Sonic's big dream is to turbocharge the Solana Gaming Ecosystem, handling millions of requests per second per game and settling them back onto Solana L1. Imagine the possibilities!
The $12M Series A Details
Let's dive into the details of that $12 million Series A round. It was structured as equity with token warrants, adding to Sonic's total funding, which now stands at $16 million after a $4 million seed round last year. Bitkraft Ventures didn't just bring the money; they're also joining Sonic's board, showing serious commitment to the project.
Chris Zhu, the brains behind Sonic, had this to say: "Sonic provides an exceptionally fast on-chain game experience, powered by Solana Virtual Machine (SVM), at minimal cost." This cutting-edge technology is set to make waves in the blockchain gaming world.
Justin Swart from Bitkraft Ventures is super pumped about Sonic's future. He believes the SVM will be "the go-to destination for any gaming studio that wants to build games within the Solana ecosystem." Talk about a vote of confidence!
Sonic Testnet Odyssey: Get Ready to Play and Earn
But that's not all, folks! Sonic has more exciting news with the upcoming launch of its incentivized testnet campaign, Odyssey. This testnet will let you play games and send transactions, earning rewards in the form of "rings." While these rings aren't directly convertible to Sonic tokens, you'll still score some cool rewards. Sounds like a blast, right?
Looking ahead, Sonic has big plans to launch its native token alongside its mainnet in the third quarter of 2024. This is going to be a game-changer for the blockchain gaming platform, and I can't wait to see what's next!
Entering the Fray: A Dive into Mighty Action Heroes and the Race for $GOAT Glory
There's something thrilling brewing in the world of online gaming, and it’s not just another run-of-the-mill game launch that we’ve seen a dime a dozen No, this is about stepping into a realm where every gamer’s childhood reveries of action heroes and animated series collide in a spectacular digital battleground The architects behind this visionary undertaking, Mighty Bear Games, have rolled out the red carpet for players with their free Battle Royale phenomena - Mighty Action Heroes (MAH) And the cherry on top Their “The Road to $GOAT” event, a golden opportunity for gamers to clinch their share of the future $GOAT token by showcasing their prowess on the leaderboards...
Understanding the Hurdles for XRP and Cardano ETFs
In the ever-evolving cryptocurrency space, the race towards establishing ETFs (Exchange-Traded Funds) for digital assets is on However, not all cryptocurrencies stand equal in this challenging race, especially for the communities supporting XRP and Cardano Recent analyses have thrown light on the structural and demand-related challenges these two assets face, potentially delaying their ETF dreams
In this article, we delve into the intricacies of why XRP and Cardano are currently lagging in the ETF approval race, based on recent study findings More importantly, we discuss how overcoming these challenges could not only pave the way for their ETFs but also strengthen their position in the crypto market...
Exploring the Exciting New World of Lumiterra on the Ronin Blockchain
Gaming is an ever-evolving industry, constantly on the move and always searching for the next big platform to entertain and engage its audience In a move that signals a significant shift in the direction of blockchain gaming, Ticker Logic Studio, a creative force in the gaming landscape based out of Hong Kong, has announced a strategic decision that's about to change the face of online multiplayer games The MMO RPG, Lumiterra: Embers of the Legacy, is transitioning from the Arbitrum blockchain over to Ronin, an EVM-powered platform created by Sky Mavis This move isn’t just a change in the backend; it's a major play to enhance accessibility and elevate the gaming experience for enthusiasts worldwide
Lumiterra isn't just any game...