Sonic SVM launches multimillion-dollar fund for Web3 gaming, AI agents

Industry watchers foresee a year of significant upside for the emerging field of autonomous AI agents and AI cryptocurrencies.

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Sonic, a Solana layer-2 blockchain, and venture investment firm Galaxy Interactive have announced a new fund aimed at advancing Web3 gaming and other emerging cryptocurrency sectors. The announcement comes as excitement grows around artificial intelligence agents.

Sonic, the first gaming-focused Solana Virtual Machine (SVM) L2 network, announced the launch of the G.A.M.E. (Game, AI, Meme, Ecosystem) Fund 1, to accelerate the developments of Web3 games, AI agents and social media content creation tools on HyperGrid.

The fund will offer up to $1 million worth of support per project, with no limit on the maximum amount of accelerator participants, according to an announcement shared with Cointelegraph.

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