Gaming software and venture capital firm Animoca Brands announced its support for Web3 gaming company Saltwater Games by participating in a seed round of funding through SAFT for Saltwater Games' XR tokens. The investment amount is not disclosed. 🎮💰

Saltwater Games is a game studio and publisher made up of three distinct entities, including Nexus Labs, which focuses on developing and publishing community-focused Web3 games, Maze Theory, which focuses on developing premium VR and spatial games, and Saltwater Labs, which aims to promote new technologies in Web3 and AI. 🕹️🌐

After receiving a grant from the Arbitrum Foundation, Saltwater.Labs collaborated on the development of XR One, using Arbitrum technologies to create the Layer 3 Orbit blockchain. XR One offers games in a customizable, scalable and secure environment for players to manage digital assets. It will run on the XR token.

Animoca Brands recently completed a strategic investment in CARV, a modular data layer for gaming and AI, and assumed responsibility for managing CARV's Tier 6 validating nodes. The move is intended to strengthen CARV's initiatives to decentralize its data layer infrastructure. Additionally, Animoca Brands has unveiled a platform to launch SORAH non-fungible tokens (NFTs) specifically for users in Japan.