MagicBlock raises $7.5M for real-time, app-specific extensions for Solana blockchain

MagicBlock, a real-time engine for decentralized games and applications on Solana, has raised a $7.5 million seed round. Lightspeed Faction led the round, with participation from Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and notable angels including Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver. This investment fuels MagicBlock’s mission to power real-time, fully onchain games and applications built natively on Solana, ensuring that developers can build decentralized experiences with ultra-low latency and full composability – without the tradeoffs of an L2. Following a $3 million investment led by a16z CSX in September 2024, this latest raise further accelerates MagicBlock’s momentum as it blurs the boundaries between blockchain and traditional servers. While traditional appchains force developers to choose between fragmented liquidity and app-specific customizations, MagicBlock delivers ultra-low latency and elastic throughput while m ... Read full article.