Binance Labs, the investment arm of Binance, the world’s largest cryptocurrency exchange, recently committed to a substantial $15 million investment in leading Web3 gaming platform and publisher Xterio. It aims to accelerate game and technology development on Xterio, including the injection of funding, the integration of artificial intelligence (AI) and the launch of its tokens that promise an exciting future for the gaming industry. Here are the details…
Binance invested in a project
Xterio is recognized for its innovative free games platform and GameFi-as-a-service that helps developer partners create engaging third-party games. With new investment from Binance Labs, Xterio plans to expand its AI-driven interactive experiences and focus on developing an AI toolset that can consistently generate high-quality 2D and 3D assets. Yi He, Binance co-founder and head of Binance Labs, expressed his excitement for the collaboration, saying:
The Xterio ecosystem is expanding faster than ever before, bridging free-to-play genres and on-chain games powered by AI. The Xterio core team brings together experienced Web2 professionals with Web3 expertise; We look forward to working closely with them to enable players around the world to experience rich on-chain gaming.
Binance Labs’ investment comes at a time when Binance is facing increasing regulatory scrutiny. However, Binance Labs has resolutely continued its support of promising companies and has successfully increased its assets to $9 billion.
Supporting Xterio’s growth through collaboration
This collaboration marks another major milestone for Xterio, which previously secured a $40 million funding round jointly led by Makers Fund, XPLA and FTX Ventures in August 2022. This strategic partnership with Binance Labs will support the growth of Xterio, and its token will become an integral part of the BNB Chain ecosystem, creating a synergetic relationship between the two organizations. With the support of Binance Labs, Xterio is poised to further revolutionize the gaming industry by harnessing the power of artificial intelligence and blockchain technology. The integration of AI capabilities will enable Xterio to deliver immersive on-chain gaming experiences to a global audience.
As the world embraces Web3 and Blockchain-based gaming possibilities, Binance Labs’ investment in Xterio represents an important step forward for the industry. This financial injection will not only support innovation and development in Xterio, but also contribute to the growth of the broader Web3 ecosystem. As Xterio continues to push boundaries and develop cutting-edge technologies, thanks to the strategic partnership between Xterio and Binance Labs, gamers around the world can expect a new era of on-chain gaming enriched with AI-driven interactive experiences.
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