Cosmic Wire Raises $30 Million in Seed Funding Round

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Cosmic Wire Raises $30 Million in Seed Funding Round

Cosmic Wire, a Web3 startup offering a range of infrastructure products, has raised $30 million in a seed funding round led by the Solana Foundation and Polygon. The Miami-based startup provides crypto-related offerings such as 3D architecture tools and AI-backed avatars for metaverse creation, as well as blockchain solutions like analytics, digital identity management, smart contract development tools, and chain-agnostic marketplaces.

We are very excited for Cosmic Wire’s Web3 infrastructure to be built on the Solana network, said Johnny Lee, general manager of games, entertainment, and media at Solana Foundation. 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 [content delivery networks], payment solutions and avatar UGC [user generated content] all integrated.

Cosmic Wire has also been selected for Google Cloud’s Web3 startup program, which provides support for startups and emerging projects to scale their projects faster and more securely. The program will give Cosmic Wire exclusive access to customized resources, including a substantial allocation of Google Cloud credits for a two-year period, unparalleled entry into Google’s Web3 ecosystem, and a range of complimentary benefits.