Read

<html>
 <head></head>
 <body>
  <p class="is-style-lead">Web3 game platform Xterio will receive $15 million from Binance Labs. The venture capital division of Binance will help it integrate AI technologies.</p> 
  <p>Switzerland-based Xterio positions itself as a “free-to-play-and-own” game developer and publisher. The company combines the free-to-play gaming model with the opportunity for players to earn non-fungible tokens (<a href="https://crypto.news/tag/nft/" data-type="URL" data-id="https://crypto.news/tag/nft/" rel="noopener noreferrer nofollow">NFTs</a>) while playing their games.</p> 
  <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
   <div class="wp-block-embed__wrapper"> 
    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">We're excited to announce our investment in<a href="https://twitter.com/XterioGames?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@XterioGames</a>!<br><br>Xterio is a Web3 game platform &amp; publisher innovating AI toolkits to bridge free-to-play &amp; on-chain gaming with its diverse suite of in-house &amp; third-party games.<a href="https://t.co/1x4LyMI5ra" target="_blank" rel="noopener noreferrer nofollow">https://t.co/1x4LyMI5ra</a></p>— Binance Labs Fund (@BinanceLabs) <a href="https://twitter.com/BinanceLabs/status/1679303397210726400?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 13, 2023</a> 
    </blockquote> 
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
   </div> 
  </figure> 
  <p>Xterio will utilize the $15 million investment from Binance Labs to fuel game and technology development and explore potential artificial intelligence (AI) integrations into Xterio’s game titles.</p> 
  <blockquote class="wp-block-quote"> 
   <p>“Binance Labs’ investment enhances our ability to launch a transformative ecosystem token and high-quality games.”</p> <cite>Michael Tong, co-founder of Xterio</cite> 
  </blockquote> 
  <p>Notably, Xterio is developing an “emotion engine for AI,” a project that aims to imbue game characters with realistic and dynamic emotional responses, enhancing player immersion. Xterio’s AI toolkit also seeks to generate 2D and 3D game assets, providing developers with efficient and cost-effective solutions.</p> 
  <p>Xterio is also leveraging its AI technology to create a digital companion game called AIpal, which is scheduled to enter a closed beta phase later this year.</p> 
  <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
   <div class="wp-block-embed__wrapper"> <iframe title="🎮 The Rise of Blockchain Gaming: What Web3 Means for the Future of Play 👾- Yat Siu" width="1020" height="574" src="https://www.youtube.com/embed/ZmKd6Z-NQw0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
   </div> 
  </figure> 
  <h2 class="wp-block-heading" id="xterio-s-previous-funding-rounds">Xterio’s previous funding rounds</h2> 
  <p>Xterio Foundation, established in Switzerland, consists of a council and a team of technology and entertainment experts with extensive experience developing free-to-play games. The foundation’s mission is to create, publish, and distribute web2 and web3 games and interactive entertainment experiences.</p> 
  <p>The firm’s founding executive team boasts a wealth of experience in tech, web gaming, and entertainment, having previously worked at renowned companies such as FunPlus, Ubisoft, Krafton, Jam City, and NetEase.</p> 
  <p>This latest investment from Binance Labs follows Xterio’s successful funding round last August, where the company secured <a href="https://www.businesswire.com/news/home/20220830005332/en/Game-Publisher-and-Developer-Xterio-Raises-40M-Led-by-FunPlus-FTX-Ventures-Makers-Fund-XPLA-and-More-to-Create-the-Next-Great-Cross-platform-Web3-Franchises" target="_blank" rel="noopener noreferrer nofollow">$40 million</a> from prominent investors such as FunPlus, XPLA, and FTX Ventures.</p> 
  <p>In early 2023, Xterio demonstrated its confidence in the gaming market by investing $2.5 million in Overworld, a multiplayer RPG game studio led by Xterio co-founder Jeremy Horn, which is currently developing its <a href="https://xter.io/games/f66404351a91" target="_blank" rel="noopener noreferrer nofollow">flagship title</a>.</p> 
  <p> Read more: <a href="https://crypto.news/bis-report-claims-crypto-is-centralized-and-defi-amplifies-risks/" rel="noopener noreferrer nofollow"> BIS report claims crypto is centralized and DeFi amplifies risks </a> </p>
 </body>
</html>

Binance Labs invests $15m in web3 startup Xterio to boost AI

Table of Contents

crypto.news

Other articles published on Jul 13, 2023

Russian Central Bank Gears Up for Real-World Tests of Digital Ruble

Former Celsius CEO arrested in New York, SEC files lawsuit

Silk Road Saga Continues: DOJ Makes Shocking Move with Massive Bitcoin Sale – What Does It Mean f...

TETHER Became a General Sponsor of DEGAMEFI WEB3 CONFERENCE 2023

Charles Hoskinson Presents Intersect For Cardano Ecosystem Governance

Coinbase Introduces Direct Messaging Feature on Wallet App

Join our free newsletter for daily crypto updates!