Xterio, a prominent blockchain game publisher recognized for their upcoming titles like Overworld and Age of Dino, has successfully secured a $15 million investment from Binance Labs, the venture capital division of popular cryptocurrency exchange Binance.
A Boost for Web3 Gaming
The official announcement, highlighting advancements in artificial intelligence (AI) and Web3 technologies, was made today. Xterio took to Twitter, while Binance detailed the investment on their blog.
Renowned for their “free-to-play-and-own” approach, Xterio provides players with a cost-free gaming experience, requiring no initial investment, while offering opportunities to earn non-fungible tokens (NFTs).
Currently, Xterio supports the development of 11 games, including the Japanese role-playing game (JRPG) Blackdawn for mobile devices, the massively multiplayer online (MMO) game Blocklords for PC, and the RPG Abyss World.
Furthermore, Xterio is adopting a multi-chain strategy for their blockchain games. For instance, Blocklords will integrate crypto functionalities on the Polygon network, while Abyss World will be launched on the newly introduced Sui blockchain.
Xterio is also exploring the potential applications of artificial intelligence (AI) in their game titles. Binance Labs stated, “We are currently working on an emotion engine for artificial intelligence.” This AI initiative by Xterio extends to the development of 2D and 3D game assets for developers.
The significant backing from Binance Labs further solidifies Xterio’s position in the web3 gaming landscape, offering promising prospects for the integration of blockchain, AI, and immersive gaming experiences.