CMCC Global will launch the Sonic ecosystem fund Resonance Fund with a scale of 25 million USD.

MarsBitNews

According to Mars Finance, Sonic Labs announced on its official blog that the blockchain venture capital firm CMCC Global plans to launch the Sonic ecosystem fund Resonance Fund, with a scale of up to $25 million. The fund is dedicated to investing in groundbreaking protocols and founders that shape the Sonic ecosystem. It primarily focuses on high-growth opportunities in the fields of DeFi and consumer-facing applications, with its core mission to drive the fee monetization model to become a sustainable revenue model for smart contract developers, and to accelerate its adoption. Additionally, the fund aims to enhance the liquidity of the Sonic ecosystem through strategic capital allocation. Its investment strategy is designed to capture value throughout the asset lifecycle, targeting early investments in emerging DeFi leading projects while also making strategic investments in high liquidity assets within the Sonic ecosystem.

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