Sonic 100K Wallet Milestone Clears Way for Mainnet Launch by Chainwire

Dubai, UAE, June 30th, 2024, Chainwire

Sonic, the pioneering atomic SVM chain designed to facilitate sovereign game economies, has achieved a remarkable milestone with the launch of its incentivized testnet, "Odyssey." The platform has successfully connected 100,000 wallets and completed over 17 million transactions in preparation for its mainnet launch.

With the support of Cypher Capital, a multi-strategy cryptocurrency investment firm, Sonic is set to expand its ecosystem ahead of the mainnet release. This funding will enhance the company’s core development, game partnerships, and marketing efforts on a global scale. Currently, Sonic’s active testnet encourages users to participate in various on-chain activities, including sending transactions and playing games that will be featured on the Sonic platform.

"Cypher Capital has been an invaluable partner in helping us reach new markets," stated Chris Zhu, the founder of Sonic. "With their extensive community network and vital connections to relevant investors, we are excited to bring gaming to Solana."

As the sole Solana Virtual Machine gaming chain, Cypher is playing a key role in Sonic’s market strategy. Utilizing a horizontal scaling framework named HyperGrid, which is a rollup framework that operates on Solana, Sonic enables any game to launch its own blockchain rollup, allowing for customizable design of new sovereign game economies.

“We are thrilled to support Sonic in the creation of the first SVM L2 Gaming Chain, aimed at expanding the Solana Gaming Ecosystem,” said Harsh Agarwal, Investment Lead at Cypher Capital. “Chris has exceptional expertise and insight as a founder, and we have full confidence in his vision for enabling gaming economies on Solana.”

About Sonic

Sonic is the first atomic SVM chain designed to establish sovereign game economies on Solana. It operates by rolling up and settling on Solana, leveraging the innovative HyperGrid framework, which is the first of its kind for concurrent scaling on Solana.

About Cypher Capital

Cypher Capital is a prominent early-stage venture firm that invests in Web3 infrastructure and applications, aiming to shape the new digital economy. Each investment decision is influenced by considerations of environmental, social, and governance factors, positioning Cypher as a leader in the fields of digital currency, public markets, and Web3.

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This article was originally published on Chainwire.