What does MagicBlock do?
MagicBlock offers a real-time engine for decentralised games and onchain applications on Solana, delivering ultra-low latency, on-demand runtimes, and elastic scalability. Its platform enables developers to achieve Web2-level performance while leveraging the benefits of Web3.
How much did they raise?
The company secured $7.5M in Seed funding, led by Lightspeed Faction with participation from investors including Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and notable angels such as Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver. This comes on the heels of a previous $3M investment led by a16z CSX in September 2024.
What are their plans for the money?
MagicBlock plans to use the funds to expand its engineering team, scale its developer ecosystem, and further optimize its ephemeral rollup technology, which could accelerate the appeal and performance of decentralised applications on Solana.
What have they achieved so far?
The company has already made strides by integrating its real-time engine with Solana, ensuring that decentralised applications can achieve high-speed, scalable performance similar to Web2 platforms while maintaining the benefits of decentralisation.
