According to ChainCatcher, Solana's atomic SVM Layer2 Sonic has completed a $12 million Series A financing, led by Bitkraft, with participation from Galaxy Interactive, Big Brain Holdings, Matt Sorg (Solana's founding team), Nom (Bonk) and other institutions and individuals. This round of financing will be used to promote Sonic's product upgrades and ecological expansion. Sonic is about to launch a testnet incentive plan, inviting users to experience its multiple ecological games on the testnet and get the opportunity to receive token airdrops.
In early 2022, Sonic completed a $4 million seed round of financing, bringing its total financing to $16 million. Sonic's developer is Mirror World Labs.
Sonic is the first SVM L2 to achieve atomic interoperability with Solana, which can quickly synchronize its Layer2 network with the Solana mainnet status. Developers can share the mainnet's Program, status, and data without repeatedly deploying contracts. In addition, Sonic has also integrated infrastructure adapted to Solana game development and deployment - such as sandbox environments, customizable game development modules, and scalable data types, combined with the parallel execution of the Solana Virtual Machine (SVM) and the characteristics of the localized transaction fee market, to provide on-chain game players with faster transaction speeds, lower and more stable transaction fees, to achieve a faster and smoother on-chain gaming experience.
