Announced
Completed
Financials
Tags
United States
Private Equity
Venture Capital
Minority
proprietary technology
IT Services: Other
Acquisition
Cross Border
Private
Completed
Friendly
Single Bidder
Synopsis
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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