MagicBlock, a real-time engine for decentralised games and applications on Solana, announced it has raised $7.5 million in seed funding. This funding round was led by Lightspeed Faction, with participation from Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and notable angels including Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver.
This funding advances MagicBlock’s mission to power real-time and fully on-chain games and applications built natively on Solana. This ensures that developers can build decentralized experiences with ultra-low latency and full composability without the tradeoffs of an L2.
After a $3 million investment led by a16z CSX in September 2024, this latest funding round further advances MagicBlock’s momentum as it reduces the barriers between blockchain and traditional servers.
As traditional appchains force developers to choose between fragmented liquidity and app-specific customizations, MagicBlock offers ultra-low latency and elastic throughput while also maintaining full access to Solana’s liquidity and composable ecosystem. And with MagicBlock’s Ephemeral Rollups, developers can build natively on Solana and access app-specific extensions, or plugins, like real-time pricing feeds, custom sequencing, or institutional-grade permissioned environment..
MagicBlock’s ephemeral rollup technology – which was created by co-founders Andrea Fortugno and Gabriele Picco – is a breakthrough in real-time blockchain execution.
Unlike traditional L2s and rollups that use bridging, this technology enhances Solana’s performance without sacrificing native composability. And MagicBlock ensures that developers can harness high-speed infrastructure with seamless interoperability across DeFi, gaming, and high-performance dApps In connection with this growth phase, MagicBlock partnered with Flash Trade, Supersize, Pyth, Jito, and dTelecom.
— Flash Trade is a decentralized derivative exchange that utilizes MagicBlock’s ephemeral rollups to execute real-time, gas-efficient trades with minimal latency.
— Supersize is a real-time multiplayer game built fully onchain for maximum composability and verifiability
— dTelecom is a decentralized real-time communication network running ephemeral rollup technology to deliver a low latency experience with ultra-cheap fees.
— Pyth Lazer – For a 1ms price stream running in Ephemeral Rollups
— Jito – A leader in Solana’s validator ecosystem, collaborates with MagicBlock to enhance security with restaking and reducing execution time
These partnerships help MagicBlock’s commitment to providing the fastest, most scalable infrastructure for developers building high-frequency trading platforms, real-time gaming, and next-generation onchain applications.
What the funding will be used for: With this funding round, MagicBlock will expand its engineering team, scale a developer ecosystem, and continue optimizing its ephemeral rollup technology. And as demand for real-time onchain applications grows, MagicBlock is positioning itself as the go-to execution layer for Web3 builders looking to harness Solana’s speed and composability.
KEY QUOTE:
“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.”
MagicBlock Co-Founder Andrea Fortugno
