Summary
Saltwater, a web3 gaming company, has raised $5.5 million in seed funding. The company aims to create immersive gaming experiences by leveraging blockchain technology and decentralized finance. The funding will be used to expand the team and develop its gaming platform.
Key Points
1. Web3 gaming company Saltwater has successfully raised $5.5 million in seed funding. This funding will enable the company to further develop and expand its innovative gaming platform.
2. Saltwater focuses on combining blockchain technology with gaming to create unique and immersive gaming experiences. By leveraging the decentralized nature of blockchain, the company aims to provide players with more control, ownership, and monetization opportunities within the gaming ecosystem.
3. The funding round was led by venture capital firms Animoca Brands and Square Enix, along with participation from other prominent investors. This shows a growing interest in the intersection of blockchain and gaming, as well as the potential for Web3 gaming companies like Saltwater to disrupt the traditional gaming industry.