TechFlow news — according to an official announcement, Binance Labs has committed to invest $15 million in Xterio, a Web3 gaming platform and publisher. The company plans to use this funding to further advance game and technology development, including the integration of artificial intelligence and the launch of its token.
Yi He, co-founder of Binance and head of Binance Labs, said: "The expansion of the Xterio ecosystem is moving faster than ever, connecting free-to-play genres with on-chain gaming enhanced by AI capabilities."
Xterio's founding executive team brings extensive experience from tech, Web2 gaming, and entertainment companies such as FunPlus, Ubisoft, Krafton, Jam City, and NetEase, offering deep expertise in creating and maintaining high-revenue free social games on PC.
As part of a long-term strategic partnership, Binance Labs will support Xterio’s growth, with Xterio’s token becoming part of the BNB Chain ecosystem. The funding will accelerate the development of games incubated by Xterio as well as those developed by Xterio’s partner studios.
