According to Odaily, Saltwater Games, a UK-based Web3 and XR gaming company, has announced the completion of a new round of funding. The specific amount raised has not been disclosed. The funding was carried out through a seed SAFT (Simple Agreement for Future Tokens) method. Animoca Brands participated in the funding round with the aim of promoting the integration of Saltwater Games' Arbitrum Orbit L3 blockchain XR One with Animoca's member network, Mocaverse.
The financial support from Animoca Brands is expected to boost the development and integration of Saltwater Games' blockchain XR One with the Mocaverse network. This collaboration is anticipated to enhance the gaming experience for users and contribute to the growth of both companies. However, further details about the funding round and the future plans of Saltwater Games and Animoca Brands post this funding round have not been revealed yet.
The seed SAFT method used for this funding round is a contract that promises future tokens to investors. It is a popular method used by blockchain companies to raise funds. The participation of Animoca Brands in this funding round signifies their support for Saltwater Games and their confidence in the potential of the Arbitrum Orbit L3 blockchain XR One.