MagicBlock Raises $7.5 Million Seed Round Led by Faction to Build Real-Time On-Chain Gaming on Solana, Backed by Lightspeed and Anatoly Yakovenko

MagicBlock, a developer of real-time infrastructure for decentralized games and applications on the Solana blockchain, has secured $7.5 million in a seed funding round. The round was led by Faction Ventures, with participation from Maven 11 Capital, Delphi Digital, Robot Ventures, Mechanism Capital, and Equilibrium. The funding aims to support MagicBlock’s efforts to enable fully on-chain gaming experiences on Solana, leveraging scalability features of the Solana network. The company has also received backing from Lightspeed and Solana co-founder Anatoly Yakovenko. Industry observers have praised the MagicBlock team for their innovation and technical expertise in building on the Solana foundation. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant