- Binance Lab has funded $15 million to enhance technical developments.
- The gaming platform Xterio plans to expand its Artificial Intelligence technology.
Binance, the world’s largest crypto exchange, has played an essential role in developing the Web3 sector. Binance’s investment arm, Binance Labs, has invested $15 million into the Web3 gaming platform and publisher, Xterio. The gaming platform plans to use Binance’s funding for games and technological developments.
We're excited to announce our investment in@XterioGames!
— Binance Labs Fund (@BinanceLabs) July 13, 2023
Xterio is a Web3 game platform & publisher innovating AI toolkits to bridge free-to-play & on-chain gaming with its diverse suite of in-house & third-party games.https://t.co/1x4LyMI5ra
In recent years, the gaming sector has expanded its network with crypto and Web3 developments to make users more engaged in games. Continuing this significant development, the Web3 gaming platform Xterio announced that the Binance Lab funded $15 million to enhance technical developments. It includes Artificial intelligence (AI) integration and the launch of its tokens.
Binance Lab is the venture capital and incubator arm of Binance that focuses on investing in and supporting blockchain entrepreneurs, startups, and the community. It will provide financing and industry projects to enhance the developments. Moreover, it aims to foster the growth and development of the Web3 ecosystem through strategic funding.
Binance Lab’s Investment Enhances Xterio Ability
Xterio is a free-to-play-and own game developer and publisher. The Web3 gaming platform now plans to expand its Artificial Intelligence technology. Binance Labs stated that Xterio is developing an emotional engine for artificial intelligence. Moreover, with Binance’s Investment, Xterio will integrate the AI interactive experience. And also to create an AI toolkit that can generate consistent product-quality 2D and 3D assets for developers.
Michel Tong, the Xterio co-founder, stated,
“Binance Labs’ investment enhances our ability to launch a transformative ecosystem token and high-quality games.”
The gaming platform’s core team brings well-experienced Web2 professionals with Web3 expertise. This allows gamers to get into the world and experience Web3 gameplay. Moreover, the head of Binance Labs, Yi He, stated that the Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming’s enhanced AI capabilities. And also, as part of this collaboration, Binance Labs will support Xterio’s growth, and its token will become part of the BNB chain ecosystem.
