Solana Layer-2 SonicSVM Raises $12M in Series A Funding at $100M Token Valuation

Jun 18, 2024, 01:17 PM

Solana-based layer-2 blockchain SonicSVM has successfully raised $12 million in a Series A funding round, bringing its token valuation to $100 million. The funding round was led by BITKRAFT Ventures, with participation from investors such as Galaxy Interactive and Big Brain VC. SonicSVM, developed by Mirror World Labs, is focused on gaming and aims to enable sovereign game economies on the Solana blockchain. This latest funding brings SonicSVM's total capital raised to $16 million. SonicSVM is the first atomic SVM Layer 2 built on Solana.