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Mirror World Labs raises USD 12 million in Series A funding to improve Sonic protocol
Web3 Ecosystem
Jun 19, 2024
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Web3 Ecosystem

Web3 Ecosystem

Jun 19, 2024

Mirror World Labs raises USD 12 million in Series A funding to improve Sonic protocol

Funding

  • Mirror World Labs, a Solana-based gaming studio and developer of the Sonic protocol, has raised USD 12 million in a Series A funding round led by Bitkraft, Galaxy Interactive, and Big Brain Holdings, with participation from other investors. The funding brings Mirror World Labs' total capital raised to USD 16 million.

  • The funding will be utilized to accelerate the development of the Sonic protocol, a gaming-focused layer-2 blockchain atop Solana, including features such as Sandbox environments, customizable gaming primitives, and extensible data types. This is aimed at onboarding new developers and facilitating the deployment of GameFi projects on the Solana ecosystem.

  • Founded in 2022, Mirror World Labs focuses on developing the Solana gaming infrastructure. It launched the Sonic protocol in March 2024 and has been deployed to 50 gaming clients as initial distribution nodes.

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