- Binance Labs announces partnership with Web3 game platform Xterio ecosystem.
- Through the collaboration, Xterio will receive a $15 million investment from Binance Labs.
- The Web3 platform will use the funds to accelerate game development and integrate AI technology.
The Web3 game platform and publisher Xterio have received a substantial investment of $15 million from Binance Labs, the startup capital and incubator division of Binance. Xterio combines free-to-play and on-chain gaming, with a focus on developing in-house and third-party games.
We're excited to announce our investment in@XterioGames!Xterio is a Web3 game platform & publisher innovating AI toolkits to bridge free-to-play & on-chain gaming with its diverse suite of in-house & third-party games.https://t.co/1x4LyMI5ra— Binance Labs Fund (@BinanceLabs) July 13, 2023
This substantial funding will fuel the growth of Xterio’s game and technology development, including the integration of artificial intelligence (AI) and the launch of its own tokens. Yi He, Co-Founder of Binance and Head of Binance Labs, expressed enthusiasm for the partnership, stating:
The Xterio ecosystem is expanding rapidly and brings together free-to-play genres with on-chain gaming empowered by AI capabilities.
He also stated that they are excited to collaborate closely with the Xterio team to offer gamers worldwide an immersive on-chain gameplay experience. As part of the partnership, Xterio’s token will become integrated into the BNB Chain ecosystem, further enhancing its potential for growth.
With a wide variety of cross-platform games scheduled for release on PCs and mobile devices, the Xterio ecosystem is expanding. Additionally, Xterio’s web platform and marketplace will distribute digital collectibles.
Michael Tong, co-founder of Xterio, highlighted the significance of Binance Labs’ investment, emphasizing the recognition of Xterio as a top-tier Web3 game platform with global impact. With the new funding, Xterio intends to expand its AI capabilities and develop AI-driven interactive experiences.
The company is working on resolving AI provenance issues in the Web3 space. Currently, Xterio is in the process of developing an AI toolkit that generates production-quality 2D and 3D assets while offering an “emotion engine” for artificial intelligence.
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