Binance Labs and Xterio Form Strategic Partnership
Binance Labs invested $15 million in Xterio, a prominent Web3 game platform, to foster the development of AI-enhanced on-chain gaming.
The Deets
- Binance Labs, the venture capital arm of Binance, has committed $15 million to Xterio.
- Xterio is set to use these funds to boost the development of their games and integrate artificial intelligence in tech development.
- The investment aids in the launch of Xterio's tokens.
- Xterio's founding team boasts of industry veterans from FunPlus, Electronic Arts, Activision Blizzard, Krafton, Jam City, and NetEase.
The Bulk
Binance Labs decided to back Xterio, a leader in the realm of free-to-play and on-chain gaming. With an investment of $15 million, Binance Labs aims to aid Xterio in further developing their games, integrating AI, and launching their tokens. The strategic partnership stands to pave the way for substantial advancements in on-chain gaming.
The team behind Xterio, composed of experienced leaders from renowned tech and gaming companies, brings an exceptional expertise to the table. Their track record in developing and maintaining high-grossing, free-to-play social games on PC and mobile adds significant value to Xterio's growth.
Binance Labs' commitment to Xterio signifies a major step towards broadening the horizons of Web3 gaming, harnessing the power of AI to deliver a rich on-chain gameplay experience.
🎤 Founder Feedback
The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities. We look forward to closely working with them to allow gamers around the world to experience rich on-chain gameplay.Yi He, Co-Founder of Binance & Head of Binance Labs
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