GameFi

Binance Labs Committed To Invest $15 Million In Web3 Game Publisher Xterio

Key Points:

  • Binance Labs’ long-term strategy with web game Xterio with $15 million investment
  • Xterio will use the funds raised to accelerate the development of Xterio-incubated games and integrate artificial intelligence (AI) in its technology development.
  • This substantial capital commitment confirms Binance Labs’ long-term vision for Web3 gaming and recognizes Xterio as the leading Web3 gaming platform.
Binance Labs, the venture capital and incubator arm of Binance, has committed to investing $15 million in Xterio, the leading Web3 gaming platform, and publisher that connects online and free-to-play games to games. Internal and third-party players are currently in development. The company plans to use this investment for further technology and game development, including AI integration and the launch of its tokens.

Xterio Foundation is founded in Switzerland with a Council and a group of technology and entertainment leaders with an in-depth free game experience. Its mission is to develop, publish and distribute high-quality Web2 and Web3 games and interactive entertainment.

The founding executive team includes seasoned leaders from FunPlus, Electronic Arts, Activision Blizzard, Krafton, Jam City, and NetEase, providing expertise in developing and publishing social games High-grossing free-to-play on PC and mobile devices.

“This substantial capital commitment confirms Binance Labs’ long-term vision for Web3 gaming and recognizes Xterio as a leading, globally influential Web3 gaming platform,” Michael Tong, co-founder of Xterio, said.

Xterio plans to use the investment to expand its AI capabilities, develop AI-driven interactive experiences, and solve AI-origin issues in Web3. Currently, Xterio is developing an AI toolkit that creates production-quality, style-appropriate 2D and 3D content while providing an “emotional engine for artificial intelligence”.

Binance Labs defines Web3 as the next generation of the Internet, with interconnected digital information in a decentralized way and publicly owned by users, enabled by blockchain technology. The platform has always affirmed that it will give its best support to help startups have the opportunity to develop.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Victor

Recent Posts

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

39 minutes ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

41 minutes ago

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

1 hour ago

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

4 hours ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

7 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

10 hours ago

This website uses cookies.