The capital aids Xterio in expanding its platform with additional games and artificial intelligence integrations.
Binance Labs, the renowned investment arm of Binance, the world’s largest crypto exchange by trading value according to CoinMarketCap data, has made a resolute commitment to invest a substantial $15 million in Xterio, an innovative Web3 game platform and publisher. This considerable investment will serve to propel Xterio’s game and technology development to new heights, with a particular focus on integrating artificial intelligence (AI) and launching its tokens.
Despite facing increased regulatory scrutiny, Binance Labs remains steadfast in its support of groundbreaking companies, amassing an impressive $9 billion in assets. The investment in Xterio aligns with their dedication to fostering innovative projects in the cryptocurrency and blockchain space.
Xterio itself is already an influential player in the industry, offering a free-to-play gaming platform and a GameFi-as-a-service product that empowers developers to create third-party games. With this recent infusion of capital, Xterio is poised to expand its AI-driven interactive experiences, transforming the way gamers engage with on-chain gaming.
Among its exciting plans is the development of an AI toolkit capable of generating top-tier 2D and 3D assets consistently. This cutting-edge approach will undoubtedly set new standards in the realm of game development and user experience.
Yi He, the co-founder of Binance and the head of Binance Labs, expressed great enthusiasm for the Xterio ecosystem. He emphasized how Xterio’s fusion of free-to-play genres with on-chain gaming empowered by AI capabilities is propelling the platform’s rapid expansion. The collaboration between Binance Labs and Xterio’s experienced Web2 professionals and Web3 experts promises to deliver a rich on-chain gameplay experience to gamers worldwide.
Previously securing an impressive $40 million in a funding round co-led by Makers Fund, XPLA, and FTX Ventures in August 2022, Xterio’s partnership with Binance Labs signifies a strategic alliance that will propel the startup’s growth to new heights. Furthermore, Xterio’s token will become an integral part of the esteemed BNB Chain ecosystem, showcasing its significance and potential impact in the cryptocurrency landscape.