Binance Labs Invests $15 Million in Xterio: Advancing Web3 Gaming with AI Innovation

Binance Labs Invests $15 Million in Xterio: Advancing Web3 Gaming with AI Innovation

The prominent venture arm of the renowned cryptocurrency exchange leader, Binance Labs, has recently announced its plan to invest $15 million in Xterio, an esteemed platform and publisher in the Web3 game industry. This strategic investment aims to support the development of Xterio’s upcoming games, integrate artificial intelligence features, and enhance their ecosystem through the launch of new tokens.

We’re excited to announce our investment in@XterioGames!

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

— Binance Labs Fund (@BinanceLabs) July 13, 2023

 

Introduction

In the rapidly evolving world of blockchain technology and cryptocurrencies, Binance Labs has established itself as a key player in supporting innovative projects. Xterio, a Switzerland-based Web3 game platform and publisher, has caught the attention of Binance Labs due to its groundbreaking approach to combining free-to-play and on-chain gaming with artificial intelligence.

Binance Labs’ Investment in Xterio

Binance Labs, with its substantial $9 billion venture arm, recognizes the potential of Xterio and has decided to invest $15 million in the platform. This investment comes at a time when regulatory scrutiny in the crypto industry is increasing, demonstrating Binance Labs’ commitment to pushing the boundaries of Web3 gaming.

Advancing Web3 Gaming with AI Innovation

Xterio stands out for its innovative use of AI toolkits to enhance the gaming experience. With the funding received from Binance Labs, Xterio aims to further advance the development of their upcoming games and integrate artificial intelligence features. These AI enhancements will enable interactive experiences and bring a new level of immersion to on-chain gameplay.

The Growth of Xterio Ecosystem

Yi He, the Co-Founder of Binance and Head of Binance Labs, praises the remarkable growth of the Xterio ecosystem. Xterio’s platform seamlessly blends free-to-play genres with on-chain gaming, offering players a diverse range of gaming experiences. The integration of AI technologies further amplifies the richness of on-chain gameplay, promising an exciting future for gamers worldwide.

Xterio’s Vision for Web3 Gaming

Michael Tong, the co-founder of Xterio, expresses his gratitude for Binance Labs’ significant investment, recognizing it as a validation of their belief in Web3 gaming. Xterio’s core team consists of experienced professionals from Web2 combined with Web3 expertise, driving innovation and pushing the boundaries of what is possible in the Web3 gaming space.

Xterio’s ongoing efforts include the development of an AI toolkit that produces high-quality 2D and 3D assets, ensuring consistent and visually appealing game experiences. Additionally, Xterio is working on an “emotion engine for artificial intelligence” that aims to provide users with companionship beyond the conventional utility of AI.

Conclusion

Binance Labs’ investment of $15 million in Xterio marks a significant milestone in the realm of Web3 gaming. By combining the strengths of free-to-play and on-chain gaming with artificial intelligence, Xterio is poised to revolutionize the gaming industry. The collaboration between Binance Labs and Xterio will undoubtedly contribute to the growth and evolution of Web3 gaming, offering gamers around the world an immersive and engaging experience.

FAQs

Q1: What is Binance Labs?
Binance Labs is the venture arm of Binance, one of the leading cryptocurrency exchanges in the world. It focuses on supporting innovative projects in the blockchain and crypto space.

Q2: What is Xterio?
Xterio is a platform and publisher in the Web3 game industry. It combines free-to-play and on-chain gaming with artificial intelligence to create immersive gaming experiences.

Q3: How much did Binance Labs invest in Xterio?
Binance Labs has invested $15 million in Xterio to support the development of their upcoming games and advance the integration of AI features.

Q4: What are the goals of Xterio’s AI innovation?
Xterio aims to enhance the gaming experience by integrating artificial intelligence features. These innovations enable interactive experiences and bring a new level of immersion to on-chain gameplay.

Q5: How will Xterio’s AI toolkit benefit gamers?
Xterio’s AI toolkit produces high-quality 2D and 3D assets, ensuring visually appealing game experiences. Additionally, Xterio is developing an “emotion engine for artificial intelligence” to offer users companionship that goes beyond the traditional utility of AI.