[PRESS RELEASE – Dubai, UAE, June 30th, 2024]
SonicIt’s the first atomic SVM chain to implement a sovereign sport economic system on Solana. The lately launched incentivized check community “Odyssey” has reached an vital milestone. Within the preparation course of for the launch of the primary community, the variety of related wallets reached 100,000, and the transaction quantity Greater than 17 million transactions.
supported Safe CapitalA multi-strategy cryptocurrency funding agency, Sonic’s newest financing permits it to develop its ecosystem and assist progress forward of mainnet launch, increasing its core improvement, gaming relations and advertising groups globally. At present, Sonic’s energetic testnet invitations customers to take part in numerous on-chain actions, resembling sending transactions and taking part in video games to debut on Sonic.
“Cypher Capital has been a superb accomplice in serving to us develop our ecosystem into new areas,” stated Chris Zhu, founding father of Sonic. “With an intensive neighborhood community and vital connections to related funds, we’re working collectively to deliver gaming to Solana.”
As the one Solana digital machine sport chain, Cypher is supporting Sonic’s go-to-market technique. Sonic is constructed utilizing a horizontally scaling framework known as HyperGrid (primarily based on Solana’s aggregation framework) that permits any sport to launch its personal blockchain aggregation, unlocking the customizability of designing new sovereign sport economies.
“We’re happy to assist Sonic in constructing the primary SVM L2 gaming chain with the purpose of increasing the Solana gaming ecosystem,” stated Harsh Agarwal, Head of Investments at Cypher Capital. “As a founder, Chris brings extraordinary information and perception, and we’re enthusiastic about his function in We’re very assured in our imaginative and prescient for a sport economic system on Solana.”
About Sonic
Sonic is the primary atomic SVM chain designed to allow a sovereign gaming economic system on Solana. Sonic permits sovereign sport economies to be aggregated and settled on Solana. Sonic is constructed on HyperGrid, Solana’s first concurrency scaling framework, and is the primary to introduce a grid orchestrated by such a framework.
About Secure Capital
Cypher Capital is a number one early-stage strategic enterprise capital agency targeted on investing within the Web3 infrastructure and purposes that may drive the brand new digital economic system. Each funding determination at Cypher is guided by environmental, social and governance concerns and is shaping the way forward for digital forex, public markets and Web3.
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