- CMCC Global is launching Resonance, a $25 million fund to invest in the Sonic blockchain ecosystem.
- Resonance focuses on high-growth projects in decentralized finance (DeFi) and consumer applications within Sonic.
- The fund aims to promote Fee Monetization (FeeM), a revenue model for smart contract developers.
- Investment targets include early-stage DeFi protocols and strategic holdings in liquid Sonic assets.
- CMCC Global manages over $500 million in assets and has a history of blockchain and crypto investments since 2016.
CMCC Global, one of Asia’s earliest venture capital firms specializing in blockchain, is set to introduce Resonance, a $25 million fund dedicated to the Sonic ecosystem. This fund will focus on supporting emerging projects within Sonic that demonstrate significant growth potential, primarily in decentralized finance (DeFi) and consumer applications.
Resonance aims to accelerate the adoption of Fee Monetization (FeeM), which is a way for developers to earn sustainable income through smart contracts. The strategy includes investing in both early-stage protocols preparing to launch and liquid assets within the Sonic ecosystem to increase overall liquidity.
James Tran, Portfolio Manager of Resonance at CMCC Global, stated, “At CMCC Global, we are not driven by hype; we build independent, high-conviction theses on the assets and ecosystems we support. The fundamentals of the Sonic ecosystem are fully in place and are currently ahead of the market narrative. Sonic’s performant design and scalability are uniquely positioned to meet the demands of sophisticated DeFi, next-generation consumer apps, and new primitives. The time is right to capitalize on this foundational strength.”
Mitchell Demeter, CEO of Sonic Labs, commented, “We are thrilled that CMCC Global has chosen to launch Resonance. As one of the earliest and most successful crypto investors in the world, they have an enviable track record of consistently identifying and backing industry-leading teams and protocols. Resonance will make a significant and meaningful impact on present and future builders on Sonic, paving the way for the next generation of crypto innovators. Institutional capital is clearly waking up to the vast potential of Sonic.”
Resonance offers accredited investors access to dynamic and liquid venture capital opportunities within Sonic. It adds to CMCC Global’s existing portfolio, which includes digital asset funds invested since 2016, the Titan equity fund, and the Crest family of funds focusing on crypto quantitative strategies.
CMCC Global manages over $500 million in assets across its different blockchain, Web3, and digital asset investment funds. The company operates offices in Asia and North America. This latest fund, Resonance, aligns with their commitment to deep, focused investments in promising blockchain ecosystems such as Sonic.
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