Sonic SVM unveils multimillion-dollar fund for Web3 gaming and AI agents development

Sonic, a Solana layer-2 blockchain, has partnered with Galaxy Interactive, a venture investment firm, to unveil a multimillion-dollar fund to advance Web3 gaming and other emerging crypto sectors. 

The move comes as the crypto industry gets more excited about Artificial intelligence agents.

Sonic announced the launch of the G.A.M.E. (Game, AI, Meme, Ecosystem) Fund, which aims to enhance the development of Web3 games, AI Agents, and TikTok Content Creation tools on HyperGrid for the SVM ecosystem. The FUND will give up to $1 million to support each innovative project without limiting the number of accelerator participants.

Sonic to bridge traditional Web2 and Web3 gaming worlds

While the fund will work with accelerator participants, it will support different voteheads to ensure success. Part of the fund will offer technical and infrastructure support, marketing, and user acquisition support.  Additionally, the fund will facilitate integration with Sonic’s TikTok Applayer, which has over two million users.

Sam Englebardt,  founding general partner at Galaxy Interactive, sees Sonic as a bridge between the traditional Web2 and Web3 gaming worlds. Speaking about the fund, he said:

This fund represents our commitment to backing visionary teams who are building the future of interactive entertainment, leveraging AI and social platforms in novel ways

~Sam Englebardt

The fund’s inaugural investment is Gomble Games, a Binance Labs and Animoca Brands-backed protocol that is transforming traditional Web2 games into Web3. Gomble Games has over 110 million unique users spread in their 230 games globally. In 2023, Gomble Games was the most downloaded mobile game application in South Korea.

AI agents to propel Web3 gaming with boundless virtual experiences

Sonic SVM founder and CEO Chris Zhu says the future of gaming will depend on high-performance infrastructure, AI, and social connectivity. He believes AI will create the interface between the metaverse and the real world. He further clarified that Sonic will ensure they support teams that are working towards building a boundless, asset-driven gaming experience leveraging AI.

There is room for explosive growth in Multimodal AI agents that can work with different social platforms, including TikTok and X. Zhu acknowledges that agent creation and interaction have become more sophisticated but believes that Sonic is the perfect intersection to link the agents to create social influence and economic impact.

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