UK-based web3 and XR gaming company Saltwater Games has announced it’s received funding from Animoca Brands. The funding was raised through a seed SAFT round –  short for Simple Agreement for Future Tokens – for Saltwater’s forthcoming XR token. The amount raised was not disclosed.

Saltwater Games consists of three studios: 

• Nexus Labs – develops and publishes web3 games, 
• Maze Theory – focuses on VR and spatial gaming, and
• Saltwater Labs – dedicated to emerging technology in web3 and AI.

Following a previous grant from Arbitrum Foundation, Saltwater Labs built XR One, an Arbitrum Orbit L3 chain. XR One is set to be underpinned by the XR token, which will also be integrated across multiple web3 games, marketplaces, AI and UGC tools, and more.

In terms of the funding from Animoca Brands, it’s aimed at facilitating the integration of XR One with Animoca’s membership network Mocaverse. As such it will offer cross-community benefits aimed at enhancing various live-ops gaming experiences.

Saltwater Games announced a $5.5 million seed round in February 2024, at the back of acquiring game developers Maze Theory, Nexus Labs, and Quantum Interactive. Current games in Saltwater’s catalogue include Peaky Blinders: The King’s Ransom, Celeros, The Infinite Inside, and Resurgence.