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crypto.news 2025-01-08 16:49:58

Sonic and Galaxy Interactive launch fund for Web3 gaming

Sonic SVM and Galaxy Interactive have announced the launch of G.A.M.E. Fund 1, a $200,000 to $1 million initiative. This initiative is made to accelerate Web3 gaming, AI agent development, and TikTok content creation, according to a company release shared with crypto.news. The fund is designed to empower developers operating within Sonic’s Solana ( SOL ) Virtual Machine environments and the Sonic HyperGrid framework. The fund has made its first investment in Gomble Games, a leader in casual mobile gaming backed by major players like Binance Labs, Animoca Brands, and Altos Ventures. Gomble Games, which has 110 million global users, plans to integrate on-chain solutions with Sonic explore TikTok’s Web3 opportunities through Sonic’s Applayer platform. Sonic’s TikTok-focused platform, Applayer SonicX, has successfully onboarded over 2 million users, according to the release. You might also like: Bullish secures BaFin licenses, eyes EU expansion under MiCA The fund’s three key verticals The G.A.M.E. Fund 1 targets three key verticals: first, it will support Web3 gaming innovation by providing infrastructure and tools for game studios to build on Sonic’s SVM; second, it will focus on AI agent development, which involves creating autonomous virtual characters and enhancing collective intelligence. Lastly, it aims to enhance TikTok content creation by offering monetization tools and gaming experiences tailored specifically for the TikTok audience. Chris Zhu, CEO of Sonic, emphasized the fund’s role in advancing the intersection of gaming, AI, and social platforms. “The future of gaming lies at the intersection of high-performance infrastructure, artificial intelligence, and social connectivity,” said Zhu. Developers can apply for funding and technical support through Sonic’s official site. You might also like: Hyper Foundation addresses Hyperliquid validator unease