Sonic, the game-focused Layer2 network of Solana Ecosystem, completed a $12 million Series A round led by Bitkraft Ventures, with participation from Galaxy Interactive, BigBrain Holdings, and others. This round of financing uses an equity structure and comes with token warrants, bringing Sonic's fully diluted valuation to $100 million. As part of the deal, Bitkraft joined Sonic's board of directors. The Series A round brings Sonic's total funding to $16 million, after the company raised $4 million in a seed round in 2022.