Golden Finance reports that MagicBlock, a Solana-based gaming project, has completed a $3 million pre-seed funding round, with venture capital giant Andreessen Horowitz (a16z) participating.

MagicBlock is developing a game engine that allows video games to run entirely on-chain. The company has tackled this challenge through a new technology called ephemeral rollups, which temporarily moves Solana's state to higher-throughput rollups before returning it to Layer 1.

With the new funding, the six-person startup will focus on expanding its team and developing its technology, including bringing its game engine to the Solana mainnet and collaborating with on-chain games.