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

Sonic, a gaming-focused layer-2 blockchain atop Solana, has raised $12M in a fundraising. The Series A round was led by Bitkraft and joined by investors including Galaxy Interactive and Big Brain Holdings, according to a press release. The money will be used for growth initiatives for the Sonic protocol, which comes with "built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience," according to the press release. The latest fundraising follows an earlier $4 million seed round in 2022.

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