Mirror World Labs, a Solana-based gaming studio, has successfully raised $12 million in its first Series A funding round. The investment was led by Bitkraft, Galaxy Interactive, Big Brain Holdings, and others, aimed at advancing its gaming rollup technology, Sonic.
Chris Zhu, CEO and founder of Sonic, highlighted the studio’s focus on the Web3 gaming ecosystem and its commitment to Solana:
“For the past two years, we’ve collaborated with numerous games in Web3, assisting them with monetization and deployment,” said Zhu on June 13. “Solana has been a primary area of focus, offering a comprehensive suite of tools and frameworks for gaming. We anticipate Sonic SVM will unlock Solana’s gaming potential this summer, enabling thousands of games to launch successfully with our support.”
The funds raised will drive enhancements to the Sonic protocol, including sandbox environments, customizable gaming frameworks, and versatile data types. Sonic aims to simplify onboarding for new developers into Solana’s gaming ecosystem and facilitate existing game developers in utilizing the Sonic SVM and HyperGrid Framework. This framework allows developers to deploy new game engines and virtual machines within the Solana environment.
Despite Solana’s growth in the memecoin and decentralized application markets, its gaming sector has lagged behind. Developers believe that the innovative Sonic protocol, enabling Solana Virtual Machine (SVM) chains, will empower other developers to launch their GameFi projects more effectively.
Launched on March 29, the Sonic protocol has already been integrated by 50 gaming clients as initial distribution nodes. Games such as Mahjong Meta, Matr1x Fire, and Seraph/ActozSoft have reported substantial traffic and transaction engagements, exceeding 200,000 during their gaming sessions since incorporating the Mirror World SDK.
Founded in 2022, Mirror World Labs focuses on developing infrastructure for Solana gaming, covering all stages of the gaming lifecycle from developer onboarding to technical solutions. With this latest funding round, the firm has now secured a total of $16 million in venture capital funding.
Summary Review: Mirror World Labs’ successful $12 million Series A funding round marks a significant milestone for the Solana gaming ecosystem. With backing from prominent investors like Bitkraft and Galaxy Interactive, the funding will propel the development of the Sonic protocol, Solana’s pioneering gaming rollup technology. This investment not only underscores confidence in Mirror World’s vision but also highlights the growing interest and potential of Solana in the gaming sector. Moving forward, Mirror World Labs aims to expand its support for developers with enhanced tools and frameworks, fostering the launch of numerous GameFi projects on Solana. The early success of the Sonic protocol with games like Mahjong Meta and Matr1x Fire demonstrates its capability to drive substantial engagement and transactions. As Solana continues to evolve as a blockchain platform, Mirror World Labs remains at the forefront, driving innovation and growth in the gaming industry. Overall, the funding round positions Mirror World Labs strongly to capitalize on Solana’s momentum and accelerate the adoption of blockchain technology in gaming, setting the stage for a dynamic future in decentralized gaming ecosystems.
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