In a recent development, Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, has hit a significant milestone with its incentivized testnet “Odyssey.” The testnet has successfully connected 100,000 wallets and processed over 17 million transactions, paving the way for its upcoming mainnet launch. Backed by Cypher Capital, Sonic has raised funds to expand its ecosystem and support its growth strategies on a global scale.
Cypher Capital, a multi-strategy crypto investment firm, has played a crucial role in Sonic’s journey by providing the necessary support for its go-to-market strategy. By leveraging a horizontal scaling framework called HyperGrid, Sonic allows game developers to launch their blockchain rollups, thereby enhancing customizability in designing new sovereign game economies. With Cypher’s backing, Sonic aims to revolutionize the Solana Gaming Ecosystem by introducing the first SVM L2 Gaming Chain.
Chris Zhu, the Founder of Sonic, has expressed his gratitude towards Cypher Capital for their partnership in expanding Sonic’s ecosystem into new territories. He highlighted the importance of community networks and relevant funds in bringing gaming to Solana. With a strong emphasis on enabling gaming economies on Solana, Chris’s vision aligns perfectly with Cypher’s mission of driving innovation in the Web3 infrastructure.
Sonic stands out as the first atomic SVM chain designed specifically for enabling sovereign game economies on Solana. By offering a platform that allows games to rollup and settle on Solana, Sonic is at the forefront of revolutionizing the gaming sector on blockchain. On the other hand, Cypher Capital is a prominent early-strategy venture firm that focuses on investing in Web3 infrastructure and applications. Their commitment to environmental, social, and governance principles guides every investment decision, shaping the future of digital currency and public markets.
The partnership between Sonic and Cypher Capital signifies a significant step towards the growth and development of the Solana Gaming Economy. With Sonic’s innovative approach to enabling sovereign game economies and Cypher’s strategic investments in Web3 infrastructure, the future looks promising for the gaming industry on blockchain. It is evident that collaboration between visionary founders and supportive investors is key to driving innovation and revolutionizing the digital landscape.