Mirror World Tackles Solana's Gaming Infrastructure Gap with $12M Funding and Sonic Rollup
Summary:
Mirror World CEO, Chris Zhu, criticises the lack of infrastructure available for developers to build games on Solana blockchain. Zhu states that with no support for customizations required by each application, Solana falls short of housing applications like games. To address these issues, Mirror World recently raised $12 million in Series A round for further development of Sonic, a gaming rollup designed to enable atomic interoperability and game logic processing on Solana's mainnet. In the future, the company plans to expand all essential components to build a thriving ecosystem on the Solana platform.
Chris Zhu, the CEO of Mirror World, has criticized the lack of infrastructure available to developers looking to build games on the expanding blockchain, Solana. In a discussion with Cointelegraph, he noted that some features common in DeFi on other blockchains, like cross-chain swaps and on/off crypto ramps, aren't available for Solana game developers. Zhu pointed out that applications like games have difficulty creating internal value on the shared Solana layer, which wasn't designed for specific types of applications.
To fight this issue, Solana gaming studio Mirror World Labs raised $12 million in an initial Series A funding round, led by Bitkraft, Galaxy Interactive, Big Brain Holdings, among others. The funds will go towards the development of Sonic, their gaming rollup that launched in March. The developers have generally reacted positively towards Sonic's technical potential, but some have requested that the main token liquidity is kept on the Solana mainnet. That’s the reason Mirror World enabled atomic interoperability, which lets liquidity stay on the mainnet while processing game logic on Sonic.
Presently, Mirror World aims for a controlled aggregated transaction settlement with 12,000,000 transactions per second on Sonic and HyperGrid, which would support various multiplayer real-time gaming transactions including inventory purchases, quest drops, etc. This has required working directly with Solana validators to prioritize transactions with the help of Galaxy Interactive, the largest validator on Solana.
Looking into the future, Zhu said, Mirror World is active in expanding all the necessary components to build a thriving ecosystem, including but not limited to gaming studios, NFT marketplaces, DEXes, staking protocols. In addition, Mirror World Developers have stated that they aim to help those wanting to develop projects on the Solana Virtual Machine, whose gaming aspect has so far not enjoyed the same level of success as other areas such as memecoin boom and the growth of the decentralized application market.
Published At
6/20/2024 6:33:34 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.