MagicBlock Secures $7.5M to Power On-Chain Gaming on Solana

MagicBlock has secured a $7.5 million seed funding round, propelling the company’s efforts to develop real-time, fully on-chain gaming applications on the Solana blockchain. Led by Lightspeed Faction and joined by Delphi Digital, Robot Ventures, Maven11, Mechanism Capital, and Solana co-founder Anatoly Yakovenko, this investment brings MagicBlock’s total funding to $10.5 million. The company will utilize the funds to bolster its engineering team and expand infrastructure for developers.