Binance Labs invests $ 15 million in the Blockchain game editor Xterio

Binance Labs invests $ 15 million in the Blockchain game editor Xterio

Binance Labs, The Venture Capital and Incubation ARM of cryptocurrency Exchange Binance, Has Announced a $ 15 million Investment in blockchain Game Publisher Xterio. Xterio Describe Itself as a Developer and Publisher of "Free-to-Play-And-Rown" Games, which means it adopts the prevalent free-to-play gaming model But so allows players to earn nfts (non-fungable tokens) by playing it games.

According to the Company’s Website, Xterio Believes that Blockchain Technology Enhances The Gaming Experience and Player Accountability is a Central Aspect of Each Xterio Game. Currently, The Startup is Supporting the Development of 11 Games. Thesis Games Range from Mobile Japanese Role-Playing Games (RPGS) Like Blackdawn to Massively Multiplayer Online (MMO) PC Games Like Blocklords and the RPG Abyss World.

Xterio Seems to Be Taking A Multi-Chain Approach to Blockchain Gaming, as it will simultaneous release blocklords' Crypto Elements on Polygon. Recently, Xterio has so set its sights on the sui blockchain for their Newly introduced game abyss world.

xterio has stated that it will use the finds for game and technology development, as well as exploring potential integration of artificial intelligence (AI) into its titles. Binance Labs Highlighted that Xterio is Currently Developing to "Emotions Engine for Artificial Intelligence" and Its Ai Toolkit Aims to Generates 2D and 3D Game Resources for Developers. The startup so utilizes its ai technology to develop the ai company game aipal, which is set to launch a closed beta later this year.

last August, Xterio Raized $ 40 million in Funding from Investors Search as Funplus, Xpla, and the Now-Dissolved ftx ventures. At the starting of the year, Xterio Itself Invested $ 2.5 million in overworld, a multiplayer RPG Game Studio LED by Xterio Co-Founder Jeremy Horn, which is Developing Its Own Titular Game.

"The Investment from Binance Labs Enhances Our Ability to Bring A Transformative Ecosystem Token and High-Quality Games to the Market," Said Michael Tong, Co-Founder of Xterio, in A Statement.

When Asked IF Crypto Gaming is a Primary Focus for Binance Labs, a Spokesper From Decrypt Stated That The Company Believes Blockchain Gaming Is A Key Area of ​​Application Layers.

Although binance itself is a cryptocurrency Exchange that offer various tokens, it own bus stablecoin, and the bnb token, binance labs stated that iTS investments are chain- and sector-tagnostic.

Binance Labs Mationed that IT Supports Traditional Game Developers and Studios in Entering The Blockchain Gaming Space, Citing Its Investments in Game Studios Gomble and Xterio.