Binance Labs Invests $15 Million into Xterio: Game Platform and AI Integration

Xterio Receives $15 Million Investment from Binance Labs

The capital will help Xterio add more games and artificial intelligence integrations to its platform. Binance Labs has committed to investing $15 million into Xterio, a Web3 game platform and publisher. Xterio plans to use the funding to further game and technology development, including artificial intelligence (AI) integration and the launch of its tokens.

Key Points:
1. Binance Labs invests $15 million in Xterio: Binance Labs, the investment arm of Binance, has decided to invest $15 million in Xterio. This funding will support Xterio in expanding its game offerings and integrating artificial intelligence into its platform.
2. Xterio aims to enhance gaming experience: Xterio is focused on providing a free-to-play gaming platform and GameFi-as-a-service product to help developers create third-party games. With the investment from Binance Labs, Xterio plans to develop an AI toolkit that can generate high-quality 2D and 3D assets.
3. Yi He expresses excitement about the partnership: Yi He, co-founder of Binance and head of Binance Labs, is enthusiastic about the collaboration with Xterio. He believes that Xterio’s combination of Web2 and Web3 expertise will bring new and exciting on-chain gameplay experiences to gamers worldwide.
4. Previous funding round and strategic partnership: Xterio had previously raised $40 million in a funding round led by Makers Fund, XPLA, and FTX Ventures. The partnership with Binance Labs will further support Xterio’s growth, and its token will become part of the BNB Chain ecosystem.
5. Binance Labs continues to invest in companies: Despite regulatory scrutiny faced by Binance, Binance Labs remains committed to investing in promising companies. With assets totaling $9 billion, Binance Labs is actively supporting the growth of the crypto industry.

Hot Take

The investment from Binance Labs will be a significant boost for Xterio, allowing them to expand their game offerings and integrate artificial intelligence technology. This partnership highlights the continued investment and support from Binance Labs in the crypto industry, despite regulatory challenges. With the combined expertise of Xterio’s team and Binance’s resources, gamers can look forward to innovative on-chain gameplay experiences in the future.