Web3 game platform Xterio secures $15 million investment from Binance Labs
- Xterio is a Switzerland-based game developer and publisher that combines free-to-play gaming with the ability for players to earn NFTs.
- With the $15 million investment, Xterio plans to fuel game and technology development and explore AI integrations into its game titles.
- Xterio is developing an “emotion engine for AI” to enhance player immersion and generate efficient game assets.
- The company is also working on a digital companion game called AIpal, set to enter beta testing later this year.
- This investment follows Xterio’s previous successful funding round, where it secured $40 million from investors like FunPlus and FTX Ventures.
Hot Take:
Xterio’s partnership with Binance Labs and the $15 million investment will undoubtedly propel the development of its innovative game platform. With a focus on integrating AI technologies and offering NFT rewards for players, Xterio has positioned itself as a frontrunner in the Web3 gaming space. The “emotion engine for AI” and the upcoming AIpal game show Xterio’s commitment to pushing the boundaries of player immersion and creating unique gaming experiences. This investment demonstrates the growing interest and support for the Web3 gaming industry, and Xterio is well-positioned to capitalize on this trend.