Binance Labs Invests $15M in Web3 Gaming Startup Xterio

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Binance Labs Invests $15M in Web3 Gaming Startup Xterio
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.BinanceLabs has invested $15 million into Web3 gaming platform XterioGames, which plans to use part of the money to build out its AI tools. BrandyBetz reports

Xterio offers a free-to-play gaming platform and a GameFi-as-a-service product that helps developer partners create third-party games. The startup now plans to expand its AI-driven interactive experience and develop an AI toolkit that can generate consistent production-quality 2D and 3D assets.

“The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities,” said Yi He, co-founder of Binance and head of Binance Labs. “The Xterio core team brings together experienced Web2 professionals with Web3 expertise; we look forward to closely working with them to allow gamers around the world to experience rich on-chain gameplay.”in August 2022 that was co-led by Makers Fund, XPLA and the now defunct FTX Ventures.

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