On-chain gaming engine MagicBlock completes $7.5 million seed round, led by Faction

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On April 25, according to official sources, the on-chain game engine MagicBlock completed a $7.5 million seed round of financing, led by Faction. Investors included Maven11, Mechanism Capital, Robot Ventures, Delphi Ventures, Equilibrium, Pivot Global, and angel investors such as Solana co-founder Toly, Helius Labs CEO Mert, and former Backpack co-founder Tristan Yver.

BlockBeats previously reported that MagicBlock completed a $3 million Pre-Seed round of financing in September 2024, with investors including a16z CSX. MagicBlock is one of the projects selected for the a16z Crypto Startup Accelerator (CSX) program in the spring of 2024.

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