Binance Labs, the investment arm of the world’s largest crypto exchange Binance, has announced a $15 million investment into Xterio, a Web3 game platform and publisher. Xterio plans to use the funding to further game and technology development, including AI integration and the launch of its tokens.
Yi He, co-founder of Binance and head of Binance Labs, said, “The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities. The Xterio core team brings together experienced Web2 professionals with Web3 expertise; we look forward to closely working with them to allow gamers around the world to experience rich on-chain gameplay.”
Xterio offers a free-to-play gaming platform and a GameFi-as-a-service product that helps developer partners create third-party games. The startup now plans to expand its AI-driven interactive experience and develop an AI toolkit that can generate consistent production-quality 2D and 3D assets.
Xterio previously raised a $40 million round in August 2022 that was co-led by Makers Fund, XPLA, and the now-defunct FTX Ventures. As part of the new strategic partnership, Binance Labs will support Xterio’s growth and the startup’s token will become part of the BNB Chain ecosystem.