• Binance Lab has invested $15 million into the Web3 gaming platform and publisher Xterio.
• Xterio plans to use Binance’s funding for games and technological developments, including Artificial Intelligence (AI) integration and the launch of its tokens.
• The investment from Binance Labs will enhance Xterio’s ability to launch a transformative ecosystem token and high-quality games.
Binance Labs Goes Big on Web3 Gaming
Binance Lab, the venture capital and incubator arm of Binance, has invested $15 million into the Web3 gaming platform and publisher Xterio. The gaming platform plans to use this funding for games and technological developments, including Artificial Intelligence (AI) integration and the launch of its tokens.
Xterio Plans to Enhance Technical Developments
Xterio is developing an emotional engine for artificial intelligence. With Binance’s Investment, Xterio will integrate AI interactive experience to create an AI toolkit that can generate consistent product-quality 2D and 3D assets for developers. This will allow gamers to get into the world of Web3 gameplay.
Significance of Investment
The investment from Binance Labs enhances Xterio’s ability to launch a transformative ecosystem token and high-quality games. Michel Tong, co-founder of Xterio stated “Binance Labs’ investment enhances our ability to launch a transformative ecosystem token and high-quality games.” Yi He, head of Binance Labs said that their investment in Xterio improves their mission in developing blockchain technology as well as bringing awareness about digital currency usage through gaming platforms.
Advancement in Gaming Sector
In recent years, expansion in crypto sector has made users more engaged with games with web3 developments which have brought advancement in gaming sector . Continuing these significant development ,the web3 gaming platform xerrio announced that binance lab funded 15 million dollars for enhancing technical developments which includes integration artificial intelligence .
Conclusion
Investment by Binace Lab provides huge opportunities for developers in using Artificial Intelligence technology which helps them to create quality products within their budget . Moreover it also brings awareness about digital currency usage through gaming platforms thereby fostering growth and development of web 3 ecosystem through strategic funding .