In a recent announcement, Binance Labs, the venture capital and incubation division of Binance, confirmed an investment of $15 million into Xterio, a leading platform for Web3 gaming. Xterio will use the funding to enhance game development, particularly in the areas of artificial intelligence (AI) and Web3 technologies.
Xterio plans to employ the new investment to speed up the development of its in-house games and to increase the integration of AI in its technical development. The company has rapidly expanded its platform, merging free-to-play genres with on-chain gaming, enhanced by AI capabilities.
Yi He, Co-Founder of Binance & Head of Binance Labs, said, “The Xterio team combines seasoned Web2 professionals with Web3 expertise, and we anticipate a rich on-chain gaming experience for gamers worldwide through our close collaboration.”
Backing from Industry Veterans:
Xterio’s founding executive team brings extensive knowledge from major tech and gaming companies, such as FunPlus, Ubisoft, Krafton, Jam City, NetEase, and more. This diverse background has allowed Xterio to create and maintain high-grossing, free-to-play social games on PC and mobile.
As part of this strategic partnership, Binance Labs will bolster Xterio’s growth, and Xterio’s token will become integrated into the BNB Chain ecosystem. The funding will catalyze the development of games initiated by Xterio and its partners, enriching the Web3 distribution platform.
Innovating with AI
Xterio is not only expanding its gaming portfolio but also innovating with AI. It plans to enhance AI capabilities, develop AI-driven interactive experiences, and address AI provenance issues in Web3. The company is currently creating an AI toolkit, featuring an “emotion engine for artificial intelligence,” to generate style-consistent, high-quality 2D and 3D assets. This technology will be available to all content partners within the Xterio ecosystem.
Michael Tong, co-founder of Xterio, spoke of the partnership’s potential. He said, “Binance Labs’ investment enhances our ability to launch a transformative ecosystem token and high-quality games. We see unlimited potential, aiming to solidify our position as a leading Web3-focused publisher with global reach.”