Web3 infrastructure startup MagicBlock has raised $7.5 million in a seed funding round to scale its mission of enabling fully on-chain, real-time applications on Solana despite a broader slowdown in blockchain gaming investment.
According to an April 25 announcement, the round was led by Lightspeed Faction, with backing from Delphi Digital, Robot Ventures, Maven11, Mechanism Capital, and Solana co-founder Anatoly Yakovenko. This latest funding brings MagicBlock’s total capital to $10.5 million, following a $3 million pre-seed round led by a16z CSX in late 2024.
MagicBlock is building a new framework, Ephemeral Rollups, designed to give developers the speed and customization of Web2 servers while staying native to Solana. Unlike traditional layer-2s and bridges that fragment user data and liquidity, Ephemeral Rollups enable real-time processing while preserving Solana’s composability and tools.
“Every developer wants to build on the fastest chain with the deepest liquidity – that’s Solana,”
said co-founder Andrea Fortugno.
“But they also want the customizability and real-time performance of a Web2 server. With MagicBlock, they don’t have to choose.”
The startup is already collaborating with projects like Flash Trade, Supersize, dTelecom, and Jito to directly power low-latency trading, gaming, and communication on Solana. MagicBlock is helping teams deploy powerful, composable apps without sacrificing speed or decentralization by offering app-specific plug-ins such as custom sequencing and pricing streams.
The raise comes amid a cooling period for blockchain gaming. DappRadar’s Q1 2025 report shows Web3 gaming projects raised $91 million in the first quarter, representing a 71% decrease from the prior quarter and a 68% drop compared to the previous quarter. Yet infrastructure projects have continued to attract interest, with a 35% deal increase despite reduced capital.
MagicBlock’s successful raise signals that investor confidence in core infrastructure remains high, especially for solutions aiming to unlock scalable, seamless on-chain experiences for developers and users alike.
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