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New Deal


Announced

Completed

Solana Foundation and Polygon led a $30m round in Cosmic Wire.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private Equity

Venture Capital

Minority

proprietary technology

IT Services: Other

Acquisition

Cross Border

Private

Completed

Friendly

Single Bidder

Synopsis

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Solana Foundation, a non-profit organization dedicated to the decentralization, growth, and security of the Solana network, and Polygon, an entertainment website covering video games and popular culture, led a $30m round in Cosmic Wire, a technology company innovating Web3 and blockchain solutions. "We are very excited for Cosmic Wire's Web3 infrastructure to be built on the Solana network. Their metaverse SDK solutions significantly reduce development times of high-fidelity, 3D, browser-based metaverse experiences with e-commerce of both physical web3 digital products, content CDNs, payment solutions and avatar UGC all integrated. Solana Foundation has always supported tools and infrastructure builders, and we are excited for Cosmic Wire to deliver new metaverse experiences on the Solana network that have never been possible before," Johnny Lee, Solana Foundation General Manager.

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