ATOM

Solana's atomic SVM Layer2 Sonic completes $12 million Series A funding, led by Bitkraft

ChainCatcher news, Solana's atomic SVM Layer2 Sonic has completed a $12 million Series A funding round, led by Bitkraft, with participation from multiple institutions and individuals including Galaxy Interactive, Big Brain Holdings, Matt Sorg (founding team of Solana), and Nom (Bonk). This round of financing will be used to promote product upgrades and ecosystem expansion for Sonic. Sonic is about to launch a testnet incentive program, inviting users to experience its various ecosystem games on the testnet and gain opportunities for token airdrops.At the beginning of 2022, Sonic completed a $4 million seed funding round, bringing its total funding amount to $16 million. The developer of Sonic is Mirror World Labs.Sonic is the first SVM L2 to achieve atomic interoperability with Solana, enabling rapid synchronization of its Layer2 network with the Solana mainnet state. Developers can share the mainnet's Program, state, and data without redeploying contracts. Additionally, Sonic integrates infrastructure tailored for Solana game development and deployment—such as sandbox environments, customizable game development modules, and scalable data types—combined with the parallel execution model of the Solana Virtual Machine (SVM) and the characteristics of a localized transaction fee market, providing on-chain gamers with faster transaction speeds and lower, more stable transaction fees for a quicker and smoother on-chain gaming experience.
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