Saltwater Games, a UK-based web3 and XR gaming company, has announced new funding from Animoca Brands. The investment, raised through a seed SAFT (Simple Agreement for Future Tokens) round, is earmarked for the development and integration of Saltwater’s upcoming XR token. The precise amount of the funding has not been disclosed.

Saltwater Games IPs

What is Saltwater Games?

Saltwater Games operates three specialized studios: Nexus Labs, Maze Theory, and Saltwater Labs. Nexus Labs focuses on the development and publishing of web3 games, Maze Theory specializes in VR and spatial gaming, and Saltwater Labs is dedicated to emerging technologies in web3 and AI.

The company previously received a grant from the Arbitrum Foundation, which enabled Saltwater Labs to create XR One, an Arbitrum Orbit L3 chain. XR One is designed to be supported by the XR token, which will be integrated across various web3 games, marketplaces, AI tools, and user-generated content (UGC) platforms.

Arbitrum Foundation

Role of Animoca Brands and Mocaverse

The recent funding from Animoca Brands aims to facilitate the integration of XR One with Animoca’s membership network, Mocaverse. This integration will offer cross-community benefits and is expected to enhance various live-ops gaming experiences.

Earlier this year, in February 2024, Saltwater Games announced a $5.5 million seed round. This round of funding followed the acquisition of game development studios Maze Theory, Nexus Labs, and Quantum Interactive. Saltwater’s current game portfolio includes titles such as Peaky Blinders: The King’s Ransom, Celeros, The Infinite Inside, and Resurgence.

Web3 Game Resurgence 

More About Resurgence

Resurgence is a free-to-play, open-world game set in a post-apocalyptic future, inviting players to explore, survive, and craft in a reborn Earth. The game integrates web3 technology, offering players true digital ownership of in-game assets through blockchain and NFTs. 

The game, currently in its early development stage, allows holders of Genesis Cryotag collection to "freeze" their NFTs, effectively staking them to earn points known as Virtues. These points are crucial within the game's ecosystem, offering exclusive access to in-game items, upgrades, and early gameplay features.

As players progress through different tiers by freezing their Cryotags, they unlock the ability to accumulate more Virtues, alongside one-time bonuses for reaching new levels. Keep updated with all things Resurgence by following their socials and joining their Discord.

Final Thoughts

With this new backing from Animoca Brands, Saltwater Games is poised to further its ambition of revolutionizing the web3 and XR gaming landscape, providing enriched experiences and robust integrations across its gaming and technology platforms.