Wu said that MagicBlock, the game and application engine on Solana, announced the completion of a $3 million pre-seed round of financing. MagicBlock is a member of the 2024 Spring Batch of the a16z Crypto Startup Accelerator (CSX) program and received financial support from a16z CSX during the participation process. MagicBlock's Ephemeral Rollups technology aims to provide Solana developers with Web2-like performance. With the native separation of state and logic in the Solana Virtual Machine (SVM), developers can move part of the state to the Ephemeral Rollup session while keeping the core program running on Solana.