Arcanum Ventures is Backing The XR Foundation

The future is virtual.

While fax, email, and traditional news media see record-low impressions across the globe, other forms of connection and communication are growing in use and quickly becoming commonplace. 

This trend highlights a movement towards cross-reality experiences in communication, media, and even gaming. Arcanum Ventures is dedicated to supporting projects on the edge of these emerging technologies. It’s with great pleasure, we are announcing our partnership with the XR Foundation. 

 

What is the XR Foundation?

Since the onset of gaming in the late 1970s, players have turned to these experiences not only for entertainment, but for competition, self-expression, and connection. While the gaming industry has evolved significantly since the explosive launches of Pong and Pacman, these core values in gaming have persisted. With the prevalence of virtual reality interactions, digital experiences in eCommerce, and greater global connectivity, it makes sense that gaming will follow.

The XR Foundation is dedicated to bringing global connectivity and virtual excitement into gaming experiences. Founded by Saltwater.Labs, the organization is a proprietor for innovative gaming experiences that align with these core values.

The foundation is the creator of the native gaming blockchain, XR One, which is home to all of the partner studio’s titles that integrate blockchain technologies and cryptocurrency assets. This includes titles across flat-panel consoles, virtual and mixed-reality platforms, and mobile.

 

What is XR One?

XR One is a blockchain network built on top of the Arbitrum Orbit stack. The network powers unique digital experiences that focus on PvP competitive gaming and AI-enhanced experiences to support the next generation of gamers and esports champions. The decentralized network provides the blockchain infrastructure for all of Saltwater.Labs web3 gaming titles, in addition to partner studios that build and launch titles on XR One.

The custom-built blockchain allows seamless interoperability, transaction reliability, and layered security, and will host its proprietary artificial intelligence technology known as SideKick, a partner that joins a player’s side and tailors the gaming experience based on their choices and preferences.

XR One is powered by a decentralized system of Hero Nodes that contribute to the network’s operation and security. This delegates responsibility to individual node operators and grants ownership of the network while rewarding the ecosystem’s greatest contributors.

The XR Foundation and its XR One network are backed by some of the biggest supporters of the web3 gaming sector, including Animoca Brands, Arbitrum, Sequence, and Layer Zero. These influential organizations align with the company’s goals of providing the most exciting gaming experiences while prioritizing social impact causes.

 

The Focus on Social Impact

The XR Foundation, supported by the XR One Network, is the springboard for a mission to support social impact causes. Revenues generated from the titles built on the network are allocated to social impact investments, charities, and important causes that better the world around us. 

The foundation, along with its backers sees a general lack of discussion within the world of investments and blockchain around the issues that affect millions of people worldwide, including environmental damages, mental health issues, slavery, and sex trafficking.

These organizations are wholly dedicated to their common mission of “Play2Impact,” turning player’s efforts into philanthropy.

 

Arcanum’s Advisory Support

Arcanum Ventures is an advisory partner for Saltwater Games, and well connected with the XR Foundation. The advisory firm sees commonality in the foundation’s mission and is supporting it through the launch of the XR One network in a number of ways: 

• Node Sale Economy Design: Working with the foundation to structure its node sale and facilitate the offering and distribution of its decentralized node network

• Strategic Advisory: Supporting the foundation’s team in business development, business strategy, and facilitating partnerships

• Fundraising Support: Actively seeking vision-aligned investors who may be interested in joining the Foundation’s startup journey and supporting them long-term

 

Chris Abbott, a core contributor to the foundation, had this to say about the partnership…

“Although we’ve worked with the chaps at Arcanum Ventures for a long time on Saltwater Games, the XR Foundation was an entirely new animal. Their support in researching and structuring a sensible node economy will ultimately help us reach our goals of decentralization for the XR Network. Their guidance has been helping us move many things forward on the economics, business strategy, and marketing side. They’re part of the family, for sure.”

 

Carmelo Giuliano, co-founder of Arcanum Ventures is quoted as saying…

“From the very beginning, it’s been an honor working with the Saltwater Games team as they have continued to expand their vision from game to gaming ecosystem to gaming studio ecosystem and now an entire blockchain dedicated to gaming and real-life experiences. 

We’re thrilled to be along for the ride as investors and collaborators as the Saltwater Games and XR One team continue to innovate and legitimize the web3 gaming industry, bringing world-class IP on-chain and making gaming fun for a new generation.”

 

If this content interests you, be sure to follow Arcanum Ventures on our social media channels. Reach out if you’re interested in working together to structure your company’s token economy. 

 

About the XR Foundation

XR One is a Layer 3 blockchain platform powering the future of competitive PvP Web3 games. With decentralization at its core, XR One gives players, developers, and creators true ownership of in-game assets and the ability to shape their experiences through the $XR token. The upcoming airdrop, based on Proof of Contribution, ensures that active participants are rewarded fairly. Leveraging Arbitrum Orbit and AI-driven tools, XR One offers seamless, scalable, and secure gaming environments, redefining how games are built and played.

 

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