Xterio Secures $15M Investment from Binance Labs, Planning to Incorporate AI

In order to enhance Xterio’s Web3 game platform with AI technology, Binance Labs, the venture capital and incubation division of Binance, has given the company a $15 million commitment.

Early on, Xterio secured a sizable $40 million in an investment round led by notable players including Animoca Brands, FTX Ventures, and Forte.

Xterio to Incorporate AI as Binance Commits $15 Million

Binance’s main business partner and company that runs its business is Xterio. Xterio wants to bridge the gap between free-to-play games and blockchain games with its own games and projects from other companies. With the money from Binance Labs, Xterio will be able to improve its game-making skills by adding AI and launching its tokens.

The people who run Xterio have worked for companies like FunPlus, Ubisoft, Krafton, Jam City, and NetEase in tech, Web2 games, and entertainment. Instead of going to the Xterio Foundation, the money is going to the business that is already up and running. Xterio has 80 employees who are working hard to change the web3 space and make it a reliable onboarding catalyst for web3 projects.

Xterio’s Success Fueled by a Team of Talented Developers

The team has extensive experience developing and managing popular, free-to-play social games for PC and mobile platforms. The long-term collaborative relationship between Xterio and Binance Labs will promote the company’s expansion, and Xterio’s token will integrate into the BNB Chain ecosystem.

A wide range of cross-platform games are scheduled for release on PC and mobile, according to Xterio, who said that their ecosystem is expanding quickly. The Xterio online platform and marketplace will be utilized for selling digital collectibles as part of the ecosystem. With titles like Overworld, Age of Dino, and 3T’s strong action, Xterio appeals to a diverse group of players.

Xterio intends to use the funding to increase its AI capabilities, create interactive experiences that are AI-driven, and address attribution concerns with AI in Web3. Xterio is now working on creating an AI toolkit that creates 2D and 3D assets of production quality while simultaneously providing an “emotion engine for artificial intelligence.” All content partners within the Xterio ecosystem will have access to this technology, which aims to enhance customer relationships that go above and beyond the usefulness generally associated with AI.

Binance Labs Empowers Xterio to Launch a Transformative Ecosystem Token

According to Michael Tong, co-founder of Xterio, Binance Lab’s funding will allow the platform to develop its own native coin and additional top-notch games. He emphasized the gaming company’s objectives to take advantage of the group’s talents to become a significant Web3 publisher.

“This significant capital commitment affirms Binance Labs’ long-term view of Web3 gaming and recognizes Xterio as a top-tier, globally impactful Web3 game platform,” said Michael Tong, cofounder of Xterio, in a statement. “Binance Labs’ investment enhances our ability to launch a transformative ecosystem token and high-quality games. In partnership with Binance Labs, we envision unlimited potential and aim to reinforce our position as a leading Web3-focused publisher with a global reach, utilizing our East and West teams.”

A committee and team of professionals in media and technology with extensive expertise in free-to-play games created the Xterio Foundation in Switzerland. Its goal is to produce, market, and deliver excellent Web2, Web3, and digital content.

With a portfolio of 200 projects from over 25 nations on six continents, Binance Labs has grown to be valued at over $9 billion.

“The Xterio ecosystem is growing more quickly than ever and combines on-chain gaming with free-to-play styles that are boosted by AI capabilities. They are planning to work together with the Xterio core team to enable gamers everywhere to enjoy rich on-chain gameplay as they combine renowned Web2 experts with Web3 skills.

About Binance

Binance Labs was founded in 2017 to serve as an innovative venture capital and investment arm of Binance. It carries out initiatives to advance the blockchain and Web3 sectors, promotes adoption, and supports blockchain breakthroughs. Over time, Binance Labs has concentrated on locating, directing, and sponsoring initiatives that will benefit the blockchain ecosystem in order for them to be successful. As a result, Binance Labs has been able to fund several initiatives that it considers to be promising.

About Xterio

Xterio is the state-of-the-art play-to-earn gaming platform that is continuously evolving to serve as an onboarding catalyst for web3 projects. Xterio aims to be a comprehensive solution for both gamers and creators with the integration of a games library, wallets, a decentralized identification system, a marketplace, social features, and more. Regarding players, Xterio aims to be the solution for play-and-earn, free-to-play games as well as all the additional activities required for a Web3 game to be successful.

Xterio wants to provide developers with an “easy-to-use, end-to-end, chain-agnostic solution for blockchain gaming.” Xterio will now improve its platform to be a start-up catalyst for both gamers and creators as the platform gets unprecedented support from Binance Labs.

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