Binance Labs Invests $15M in Xterio, A Web3 Gaming Platform Startup

Binance Labs Invests $15M in Xterio, A Web3 Gaming Platform Startup

Binance Labs invests $15 million into Xterio’s Web3 game platform and publisher. Xterio plans to use the amount to develop games and technology by integrating AI.

Xterio plans to bridge free-to-play and the digital ownership era with AI-based on-chain gaming. The team brings experienced Web2 professionals with Web3 expertise to work closely on the development, allowing gamers globally to experience rich on-chain gameplay.

Xterio’s executive team has experience in technology, Web2 gaming, and entertainment companies like Ubisoft, FunPlus, Jam City, and NetEase. These will provide expertise in creating and maintaining free-to-play social games on PC and mobiles.

The investment will speed up the development of games. Xterio is ready to fuel creating fresh, world-class intellectual properties to enrich its Web3 distribution platform.

Read More: Binance Labs Commits $15 Million Into Xterio Ecosystem to Expand Its Game Development Capabilities in AI and Web3