From Investing.com: 2024-06-30 11:30:41

Sonic, the first atomic SVM chain for sovereign game economies on Solana, reached a milestone with its Odyssey testnet, connecting 100,000 wallets and processing 17 million transactions ahead of its mainnet launch. Backed by Cypher Capital, Sonic’s fundraise will help expand its ecosystem and support global growth in development, gaming, and marketing teams. The testnet allows users to engage in various on-chain activities like transactions and gaming.

Cypher Capital, a crypto investment firm, is supporting Sonic in expanding into new territories and bringing gaming to Solana. Sonic, as the only Solana Virtual Machine gaming chain, uses a scaling framework called HyperGrid to allow games to launch their blockchain rollups and create custom sovereign game economies. Cypher Capital is excited to support Sonic’s vision of enabling gaming economies on Solana.

Sonic is the first atomic SVM chain facilitating sovereign game economies on Solana, utilizing the HyperGrid concurrent scaling framework for Solana to enable Grid orchestration. Cypher Capital, on the other hand, is a top early-strategy venture firm investing in Web3 infrastructure and applications to shape the future digital economy guided by ESG principles. The partnership between Sonic and Cypher Capital aims to drive innovation in digital currency and public markets.

For more information on Sonic’s milestone achievement and the partnership with Cypher Capital, the original article was published on Chainwire for further details.

Read more at Investing.com: Sonic 100K Wallet Milestone Paves Path to Mainnet Launch By Chainwire