MagicBlock Completes $7.5 Million Seed Round, Led by Lightspeed Faction

PANews reported on April 25 that MagicBlock, a game company based on Solana, announced the completion of a $7.5 million seed round of financing, aiming to build a real-time, non-fragmented infrastructure for decentralized games and applications through Ephemeral Rollups technology native to Solana. The round was led by Lightspeed Faction, with participants including Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, and Pivot Global. The angel investor lineup includes Solana co-founder Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver. a16z had participated in early investment, bringing the total financing to $10.5 million. MagicBlock plans to expand its engineering team, promote the development of the Solana ecosystem, and optimize its real-time execution architecture.