Dubai, United Arab Emirates, 30 June 2024, Chainwire
Sonic, the primary SVM atomic chain to allow sovereign gaming economies on , has reached a serious milestone with its just lately launched “Odyssey” incentive testnet, reaching 100,000 related wallets and over 17 million transactions following its mainnet launch.
Supported Cypher Capital, a multi-strategy crypto funding agency, Sonic's newest fundraising permits it to increase its pre-mainnet ecosystem and gas development, increasing its core improvement, gaming and advertising groups globally. The at present energetic Sonic Take a look at Community invitations customers to take part in varied on-chain actions akin to sending transactions and enjoying video games to debut on Sonic.
“Cypher Capital has been an important associate to assist us increase our ecosystem into new territories,” mentioned Chris Zhu, founding father of Sonic. “With a large group community and demanding connections with related funds, collectively we deliver video games to Solana.”
As the one Solana Digital Machine gaming chain, Cypher helps Sonic's go-to-market technique. Sonic constructed with a horizontal scaling framework referred to as HyperGrid, an combination framework settled on Solana, permits any recreation to run its personal blockchain rollup, unlocking customizability in designing new sovereign recreation economies.
“We’re excited to help Sonic in constructing the primary SVM L2 Gaming Chain, designed to increase the Solana Gaming Ecosystem,” mentioned Harsh Agarwal, Head of Investments at Cypher Capital. “Chris has distinctive information and perception as a founder and we’re very assured in his imaginative and prescient to allow gaming economies on Solana.”
About Sonic
Sonic is the primary SVM atomic chain constructed to allow a sovereign recreation economic system on Solana. Sonic allows sovereign recreation economies that converge and decide on Solana. Constructed on the primary concurrent scaling framework for Solana, referred to as HyperGrid, Sonic is the primary to deliver a Grid pushed by such a framework.
About Cypher Capital
Cypher Capital is a number one early stage technique agency targeted on investing within the Web3 infrastructure and functions that can drive the brand new digital economic system. Guided by environmental, social and governance authorities for each funding choice, Cypher is shaping the way forward for digital foreign money, public markets and the Web3.
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ContactMedia supervisorShameem Shahdisgrace@cyphercapital.com
This text was initially printed on Chainwire
