Dubai, United Arab Emirates, June 30, 2024, Chainwire
Sonic, the primary atomic SVM chain enabling sovereign gaming economies on , has achieved important milestones on its lately launched incentivized testnet “Odyssey,” reaching 100,000 linked wallets and over 17 million transactions on the way in which to mainnet launch.
assist Backed by multi-strategy crypto funding agency Cypher Capital, Sonic's newest funding will allow the corporate to scale its ecosystem, assist development and broaden its core growth, sport relations and advertising groups globally because it prepares for its mainnet launch. At present, Sonic's lively testnet permits customers to take part in a wide range of on-chain actions, together with sending transactions and taking part in video games, to debut on Sonic.
“Cypher Capital has been a terrific companion in increasing our ecosystem into new territories,” stated Sonic Founder Chris Zhu. “Leveraging their intensive group community and key connections to affiliate funds, we’re working collectively to carry video games to Solana.”
As the one Solana digital machine sport chain, Cypher helps Sonic's go-to-market technique. Constructed utilizing a horizontal scaling framework referred to as HyperGrid, a rollup framework primarily based on Solana, Sonic permits any sport to launch its personal blockchain rollup, unlocking customizability in designing new sovereign sport economies.
“We’re happy to assist Sonic in constructing the primary SVM L2 gaming chain to broaden the Solana gaming ecosystem,” stated Harsh Agarwal, Head of Investments at Cipher Capital. “Chris has distinctive data and perception as a founder, and we’re very assured in his imaginative and prescient for enabling the gaming economic system on Solana.”
About Sonic
Sonic is the primary atomic SVM chain constructed to allow sovereign gaming economies on Solana. Sonic allows sovereign rollup-and-settlement gaming economies on Solana. Sonic is constructed on Solana's first co-scaling framework referred to as HyperGrid, enabling the primary grid orchestrated by such a framework.
About Cipher Capital
Cypher Capital is a number one early stage strategic enterprise agency centered on investing in Web3 infrastructure and purposes that drive the brand new digital economic system. With environmental, social and governance priorities in each funding determination, Cypher is shaping the way forward for digital foreign money, public markets and Web3.
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