BlockBeats News, on April 25, according to official news, the on-chain game engine MagicBlock has completed a $7.5 million seed round financing, led by Faction, with participation from institutions such as Maven11, Mechanism Capital, Robot Ventures, Delphi Ventures, Equilibrium, and Pivot Global, as well as angel investors including Solana co-founder Toly, Helius Labs CEO Mert, and former Backpack co-founder Tristan Yver.
BlockBeats previously reported that MagicBlock completed a $3 million Pre-Seed round financing in September 2024, with participation from a16z CSX and others. MagicBlock is one of the projects selected for the 2024 Spring a16z Crypto Startup Accelerator (CSX) program.
