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MagicBlock Secures $7.5 Million to Enhance Real-Time Blockchain Gaming on Solana
MagicBlock, an innovative platform aimed at facilitating real-time decentralized games and applications on the Solana blockchain, has successfully raised $7.5 million in a recent seed funding round.
This funding round was led by Lightspeed Faction, with contributions from a diverse group of investors including Maven11, Delphi Digital, and Robot Ventures, among others. Notable angel investors, such as Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver, also participated.
The capital raised will significantly advance MagicBlock’s goal of creating real-time, fully onchain gaming experiences and applications built on Solana. The platform enables developers to craft decentralized functionalities that provide ultra-low latency and complete composability, mitigating common challenges associated with Layer 2 solutions.
The recent funding follows a prior investment of $3 million led by a16z CSX in September 2024. This new round of financing bolsters MagicBlock’s development as it aims to integrate the advantages of blockchain technology with the efficiency of traditional server architectures. While conventional appchains often require developers to navigate the trade-offs between fragmented liquidity and tailored app-specific features, MagicBlock offers a solution that features low latency and flexible scalability while preserving access to Solana’s extensive liquidity and composable ecosystem.
Central to MagicBlock’s offering is its Ephemeral Rollups technology, which allows developers to build natively on Solana and utilize specific extensions, or plugins, such as real-time pricing feeds, tailored sequencing, and high-grade permissioned environments.
As described by MagicBlock, the ephemeral rollup technology, co-developed by Andrea Fortugno and Gabriele Picco, marks a significant advancement in real-time blockchain execution. Unlike conventional Layer 2 solutions that rely on bridging, this innovation enhances Solana’s capabilities without compromising the native composability that developers seek. MagicBlock aims to provide a high-speed infrastructure that supports seamless interaction across decentralized finance (DeFi), gaming, and high-performance decentralized applications (dApps).
To foster its growth, MagicBlock is collaborating with several prominent projects within the Solana ecosystem, such as Flash Trade, Supersize, Pyth, Jito, and dTelecom. These partnerships align with MagicBlock’s vision of enabling fully onchain, high-performance applications.
Flash Trade, for instance, is a decentralized derivatives exchange leveraging MagicBlock’s ephemeral rollups to facilitate real-time, gas-efficient trading with minimal latency. Supersize is building a fully onchain real-time multiplayer gaming experience that maximizes composability and verifiability, while dTelecom utilizes the ephemeral rollup technology to ensure fast, low-cost decentralized communication.
Additionally, MagicBlock is teaming up with Pyth to deliver a lightning-fast 1ms price stream through Ephemeral Rollups, and is working alongside Jito, a leading entity in Solana’s validator community, to enhance security via restaking and minimize execution times.
These collaborations underscore MagicBlock’s dedication to providing robust, scalable infrastructure for developers focused on high-frequency trading platforms, immersive gaming experiences, and the next generation of onchain applications.
Andrea Fortugno, cofounder of MagicBlock, emphasized the platform’s unique value proposition: “Every application developer wants to build on the fastest chain with the deepest liquidity — that’s Solana. But they also want the customizability and real-time performance of a Web2 server. With MagicBlock, they don’t have to choose.”
With the new funding, MagicBlock plans to expand its engineering team, enhance its developer ecosystem, and continue refining its ephemeral rollup technology. As the necessity for real-time onchain applications rises, MagicBlock is well-positioned to become the premier execution layer for Web3 developers seeking to take advantage of Solana’s speed and composability.
Source
venturebeat.com