Binance Labs Invests $15 Million in Xterio: Accelerating the Future of Web3 Gaming

Supporting Innovation in Web3 Gaming

Binance Labs, the venture capital and incubation arm of Binance, has announced a substantial investment of $15 million in Xterio, a prominent Web3 game platform and publisher. Xterio is known for its innovative approach, bridging the gap between free-to-play and on-chain gaming through a diverse collection of in-house and third-party games currently in development. This significant investment from Binance Labs aims to fuel the expansion of Xterio's game development capabilities, including the integration of artificial intelligence (AI), as well as the launch of its own tokens.

Yi He, Co-Founder of Binance and Head of Binance Labs, expressed enthusiasm about the partnership, stating:

"The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities."

He also highlighted the extensive experience of Xterio's founding executive team, which comprises professionals with backgrounds in tech, Web2 gaming, and entertainment giants such as FunPlus, Ubisoft, and NetEase.

As part of the long-term strategic partnership, Binance Labs will actively support the growth of Xterio, with Xterio's token becoming integrated into the BNB Chain ecosystem. This injection of funds will accelerate the development of games incubated by Xterio and its partner studios, strengthening the creation of high-quality intellectual properties for the Web3 distribution platform and ecosystem.

What is Xterio:

Xterio Foundation, headquartered in Switzerland, was established with a council and a team consisting of leaders in technology and entertainment, boasting extensive experience in free-to-play games. The foundation's mission is to develop, publish, and distribute high-quality Web2 and Web3 games and interactive entertainment experiences.

Where to find Xterio:

Website | Twitter | 

What is Binance Labs:

As the venture capital arm and accelerator of Binance, Binance Labs is on the continued lookout for the next big Web3 innovation. Since 2018, Binance Labs has invested in more than 200 projects from 25 countries. It has also incubated more than 50 projects that are native to Web3 through the Binance Labs Incubation Program, including Polygon, Perpetual Protocol, and Dune Analytics. As of August 2022, Binance Labs is the largest crypto VC in the industry by Asset Under Management (AuM) of $7.5 billion with a Multiple on Invested Capital (MOIC) of 21.0x.

Where to find Binance Labs:

Website | Twitter |