Binance commits $15M to Xterio to boost Web3 game platform with AI

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Binance Labs, the venture capital and incubation arm of Binance, has committed $15 million to Xterio to boost its Web3 game platform with AI technologies.

Xterio is a service provider and strategic partner for Binance. Xterio aims to bridge free-to-play games and blockchain gaming with in-house and third-party games currently in development. The investment from Binance Labs will help Xterio expand its game development capabilities by integrating AI and launching its tokens.

Xterio’s founding executive team has experience in tech, Web2 gaming, and entertainment companies, such as FunPlus, Ubisoft, Krafton, Jam City and NetEase. The investment is going into the operating company, Xterio, and not the Xterio Foundation. Xterio has 80 employees.

The team has a lot of expertise in creating and maintaining high-grossing, free-to-play social games on PC and mobile. Binance Labs will support Xterio’s growth, and Xterio’s token will become part of the BNB Chain ecosystem as part of the long-term strategic partnership.

Xterio said its ecosystem is growing rapidly, with a diverse suite of cross-platform games scheduled to be released on PC and mobile. The ecosystem will also feature digital collectibles distributed via Xterio’s web platform and marketplace. Xterio caters to a wide range of gamers with games such as Overworld; the strategic depth of Age of Dino; and intense action through 3T.

Xterio plans to utilize the investment to expand its AI capabilities, develop AI-driven interactive experiences, and resolve AI provenance issues in Web3.

Currently, Xterio is in the process of developing an AI toolkit that generates