Sonic - The first L2 gaming platform on Solana successfully raised 16 million USD

1. What is Sonic?

Sonic is the first layer 2 blockchain using SVM (Solana Virtual Machine) designed specifically for gaming applications on Solana. The platform was developed by the Mirror World team - a technology company specializing in developing extension solutions on Solana.

Sonic's vision is to scale the Solana game ecosystem to handle millions of requests and transactions every second in every game.

2. Sonic's core characteristics

Sonic is built on top of the first extension framework for Solana, called HyperGrid - technology developed by the Mirror World team. HyperGrid is a parallel processing framework designed to be flexible and scalable while still being able to be combined with Solana.

2.1. Fast processing speed with low cost

Sonic offers developers and players an on-chain gaming experience with fast transaction processing speeds and the lowest costs among gaming L1 platforms, powered by SVM.

2.2. High interoperability

Since Sonic is an SVM platform, developers who deploy their applications on Sonic will be able to execute transactions on Sonic without having to redeploy programs on Solana and still be able to directly benefit from the services and liquidity from Solana's base layer.

2.3. Write for EVM and execute on SVM

Sonic provides developers the ability to deploy their applications and dApps seamlessly from the EVM chain to Solana through HyperGrid's interpreter. This will create favorable conditions for developers who are familiar with the language and programming on EVM to still be able to bring raw materials to Solana without having to rewrite code or reprogram their applications.

2.4. Sandbox environment and ability to combine games

Sonic exposes the game's native data types and extensible data types based on the ECS framework. Additionally, Sonic also provides Sandbox tools and environments that provide convenience to developers while building their business logic on-chain.

2.5. Provide monetization infrastructure

Sonic is enabled and provides infrastructure for integrating monetization and economic elements in games such as: growth tools, increasing traffic or integrating payments into the game.

3. Tokenomics

The project has not yet launched tokens or detailed information about tokenomics. But Sonic is currently implementing an incentivized testnet program, allowing users to accumulate ring points and these bonus points can be converted into rewards when the project plans to launch mainnet in the third quarter of 2024. Details about the program will be described in detail below.

We will update more when there is official information from the project about the token.

4. Development team

Mirror World Labs is the team behind the founding of Sonic, a company specializing in developing the tools and platforms necessary to promote the GameFi ecosystem with more than 2 years of active operation in the web3 game niche.

Before developing Sonic, Mirror provided products and services to game developers from web2/web3 login methods to NFT marketplace integration, wallet integration, NFT launchpad development, or compilations. custom built on Solana. Mirror World has received investments from organizations such as Galaxy Interactive, OKX Ventures, Republic Crypto, Alchemy Ventures and Mirana Ventures.

5. Investors and partners

5.1. Sonic's capital raising process and investors

In May 2024, Sonic announced the successful mobilization of 12 million USD in Series round, led by BITKRAFT with the participation of top crypto funds such as Galaxy Interactive, Big Brain Holdings, OKX Ventures, Sky9 Capital, …bringing the total capital mobilized to date up to 16 million USD.

In addition, participating in this funding round is the support of founders and core members of famous names and projects, especially leading projects on the Solana ecosystem such as Mad Lads, Solana Foundation, Jupiter,….

5.2. Sonic Partner Network

Sonic established close cooperative relationships with core partners in Solana's ecosystem and other web3 projects such as Backpack, Pyth, Raydium, Solayer, Galxe, Blockchain Game Alliance, OKX, Alchemy, Orca, etc.

6. Instructions for participating in testnet and exploiting Sonic airdrop

Currently Sonic is implementing an incentivized testnet program - called Odyssey. This program will help users contribute by experiencing the project and receiving Rings points. Currently, there are no details about the value of rings but there are some signs that rings may be converted into token rewards when the project plans to mainnet in the upcoming 3rd quarter.

Below are instructions for participating in the Odyssey program:

Step 1: Visit https://odyssey.sonic.game/ and connect your wallet to Sonic. Users can use Backpack or Nightly wallets to participate.

Step 2 : User adds Sonic devnet to the wallet. Network information added to RPC on Backpack and Nightly wallets: https://devnet.sonic.game.
Step 3: Request Sol testnet token: https://faucet.sonic.game/#/.
Step 4: Complete the requirements on the Odyssey website, including basic tasks such as checking in, inviting more friends to join, following Sonic's social networking sites, playing games,...

7. Ecosystem

Website: https://www.sonic.game/

Twitter: https://twitter.com/SonicSVM

Discord: https://discord.com/invite/joinmirrorworld

8. Conclusion

Above is all information about the Sonic project - a layer 2 SVM platform dedicated to gaming on Solana, the first platform to apply HyperGrid technology. It is predicted that Sonic will be one of the hot pieces in the Solana ecosystem as Solana is becoming one of the top ecosystems in terms of transaction speed, diversity and outstanding development of projects in the system. as well as attracting a large amount of public attention to meme culture. However, the GameFi puzzle on Solana has not really blossomed yet. Sonic will be layer2 providing infrastructure as well as ecosystem development packages, creating motivation for developers to build game projects. on Solana.

Hopefully the above article provides useful information for users about the project. The content is for informational purposes only, not investment advice. Investors need to DYOR themselves and make their own assessments before deciding to invest in any project.