CMCC Global to launch $25 million Sonic Ecosystem Fund, Resonance Fund

PANews reported on September 30 that Sonic Labs announced in its official blog that blockchain venture capital firm CMCC Global plans to launch the Sonic Ecosystem Fund, Resonance Fund, with a scale of US$25 million. The fund is committed to investing in breakthrough protocols and founders that shape the Sonic ecosystem. The fund focuses on high-growth opportunities in DeFi and consumer-oriented applications. Its core mission is to promote the fee monetization model to become a sustainable revenue model for smart contract developers and accelerate its popularity. In addition, the fund also hopes to expand the liquidity of the Sonic ecosystem through strategic capital allocation. Its investment strategy aims to capture value throughout the entire asset life cycle, making early investments in emerging DeFi leading projects and strategic investments in highly liquid assets in the Sonic ecosystem.