Share this article
Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire
The startup offers metaverse creation tools and a list of general blockchain infrastructure solutions.
Updated Jul 19, 2023, 5:02 p.m. Published Jul 19, 2023, 5:02 p.m.
Cosmic Wire, a Web3 startup offering a wide range of infrastructure products, has raised $30 million in a seed funding round led by the Solana Foundation, the non-profit firm dedicated to spreading adoption of the Solana ecosystem, and Polygon.
The crypto-related offerings from Miami-based Cosmic Wire include world-building 3D architecture tools and artificial intelligence-backed avatars for metaverse creation. The startup also offers a number of blockchain solutions, including analytics, digital identity management, smart contract development tools and chain-agnostic marketplaces, according to a product list provided to CoinDesk by a Cosmic Wire representative.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"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, in a press release. "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,” Lee added.
Cosmic Wire has also been selected as participant in Google Cloud's Web3 startup program, which aims to provides support for startups and emerging projects, including Web3 industry, to scale their projects faster and more securely. The program will help Cosmic Wire to gain "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."
Read more: Google Cloud to Help Web3 Builders Fast-Track Their Startups
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
