Binance Labs Invests $15 Million in Xterio to Expand into the Gaming Sector
Binance Labs, the investment arm of cryptocurrency exchange Binance, has invested $15 million in blockchain game maker Xterio. Xterio has already raised over $40 million from venture capitalists and aims to bring AI-powered tools to blockchain games. Xterio describes itself as a “free-to-play-and-own game” and focuses on player ownership and rich gaming experiences. The company offers a diverse suite of in-house and third-party games, including a meme coin-inspired game called Shiba Shiba Doge. Xterio plans to use the funding from Binance Labs to create games powered by AI and digital ownership.
Key Points:
– Binance Labs has invested $15 million in blockchain game maker Xterio.
– Xterio aims to bring AI-powered tools to blockchain games.
– Xterio offers a variety of in-house and third-party games, including Shiba Shiba Doge.
– The funding from Binance Labs will be used to create games powered by AI and digital ownership.
– Xterio is looking for new content partners and developers.
XSoul: The Native Crypto Powering Xterio
Xterio has introduced XSoul, a crypto inspired by Vitalik Buterin’s thinking about SBT application in the Web 3 world. XSoul is a soul-bound token that is non-transferrable and non-tradeable, permanently residing in a user’s self-controlled wallet. By owning XSoul, players become members of the Xterio community and gain access to VIP treatment, exclusive reward campaigns, future airdrops, whitelist spots for future NFTs, and Xterio’s decentralized autonomous organization. XSoul owners also receive “Soul Badges” of varying colors, representing the rarity level and the number of XSoul tokens owned.
Xterio’s Plans for AI Toolkit and Content Partners
Xterio is currently developing an AI toolkit capable of generating high-quality 2D and 3D assets and an emotional engine for artificial intelligence. This technology will be accessible to all content partners within the Xterio ecosystem. The company has already invested $2.5 million into Overworld, a blockchain RPG game that is in development. Xterio is actively looking for new content partners and developers to join their team.
Hot Take:
Binance Labs’ investment in Xterio highlights the growing interest in the intersection of blockchain and gaming. Xterio’s focus on player ownership and AI-powered tools shows the potential for innovative and immersive gaming experiences. With XSoul as its native crypto, Xterio aims to create a strong community of players who have access to exclusive rewards and benefits. The development of an AI toolkit further emphasizes Xterio’s commitment to pushing the boundaries of blockchain gaming. As the gaming sector continues to evolve, Xterio’s vision and funding from Binance Labs position it well for future success.
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