Binance Labs Commits $15 Million to Xterio for Web3 Gaming
Binance Labs, the venture arm of the crypto exchange giant, has announced a $15 million commitment to Xterio, a Switzerland-based web3 gaming startup. Xterio focuses on free-to-play and blockchain-based gaming and plans to use the funding for the development of its upcoming games, integration of AI capabilities, and new token launches. The investment round is already complete, but no valuation details have been disclosed.
Key points:
– Binance Labs is investing $15 million in Xterio, a web3 gaming startup.
– Xterio is focused on free-to-play and blockchain-based gaming.
– The funding will be used for game development, AI integration, and token launches.
– No details about the valuation or timeframe of the investment have been provided.
– Binance’s co-founder and head of Binance Labs, Yi He, expressed excitement about collaborating with Xterio’s experienced team to bring rich on-chain gameplay to gamers worldwide.
Hot Take: Binance Labs Boosts Web3 Gaming with $15 Million Investment in Xterio
Binance Labs’ $15 million commitment to Xterio is an exciting development for the web3 gaming industry. This investment will help Xterio further its mission of combining free-to-play gaming with blockchain technology and AI capabilities. By bridging the gap between Web2 and Web3, Xterio aims to revolutionize on-chain gameplay and offer gamers around the world an immersive and enhanced gaming experience. With Binance Labs’ support, Xterio is well-positioned to bring its forthcoming games to market and drive innovation in the web3 gaming space. Exciting times lie ahead for both Binance Labs and Xterio.
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