Web3 Gaming Giant Saltwater Bags $5.5M in Seed Funding Round

• Saltwater Games Secures $5.5 Million in Seed Funding
• Acquisitions and Investments
• Investment Details
• Leadership Changes
• Funding Utilization
• Partnerships in the Industry

Saltwater Games Secures $5.5 Million in Seed Funding

Web3 gaming entity, Saltwater Games, successfully closed a $5.5 million seed funding round to bolster its operations and technology stack.

Acquisitions and Investments

Following the company's acquisition of game developers such as Maze Theory, Nexus$0.046 14.03% Labs, and Quantum Interactive, the seed round was completed. These developers are known for games featuring popular franchises such as Doctor Who and Peaky Blinders.

Investment Details

The investment round was facilitated by cryptocurrency investment companies Deus X and Fourth Revolution Capital (4RC), as revealed in an email announcement on Thursday.

Leadership Changes

Tim Grant, Deus X's CEO and the former EMA head for the digital asset financial services firm Galaxy Digital, is set to become the chairman of Saltwater as part of the deal. It is worth noting that Deus X was launched in the previous October with backing from a family office and $1 billion in assets.

Funding Utilization

Saltwater's plans for the funding include boosting its workforce, investing in innovative technology, and expanding its operations to new regions.

Partnerships in the Industry

In related news, the Web3 Attribution Platform Spindl has partnered with AppsFlyer to enhance blockchain gaming analytics.

Edited by Jonathan Stoker