MagicBlock, a real-time engine designed for decentralized games and applications on the Solana blockchain, has successfully raised $7.5 million in a seed round. This funding will jumpstart the deployment of cutting-edge technology. As a hybrid of blockchain functionality and traditional server capabilities, it harnesses the best of both worlds. MagicBlock is building on Solana.
The company that was most recently valued at $82 million after raising a $3 million investment led by a16z CSX in September of 2024. This new infusion of funds will increase MagicBlock’s growth and drive their efforts in maximizing the Solana blockchain for all.
MagicBlock’s overarching purpose is to level the playing field for app developers. Second, it empowers them to create atop Solana, the quickest chain with the deepest liquidity. As a result, its tech boosts Solana’s performance, all while retaining Solana’s native composability. In contrast to Layer 2s, L2 rollups and other intermediate solutions built on bridging, bridging is not needed with MagicBlock’s approach.
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. - Andrea Fortugno, venturebeat.com
MagicBlock’s groundbreaking approach enables developers to unlock the full benefits of building on Solana. All that, while making sure they keep the customizability and real-time performance that Web2 servers are popular for. This innovative methodology sets MagicBlock apart, establishing it as an influential catalyst in the advancement of decentralized applications.
