Binance Labs invests $15 million in the Web3 gaming platform Xterio!

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Binance Labs, the venture capital arm of Binance, has sponsored $15 million in Web3 gaming platform Xterio. The funding will be used to further develop Xterio’s game and technology, with plans to integrate AI and launch their token. Xterio raised $40 million in August 2022 at a $300 million valuation, led by FTX Ventures and other investors. The gaming platform concentrates on creating a decentralized gaming ecosystem that integrates blockchain technology and NFTs. The investment from Binance Labs is a sign of the growing attraction in the Web3 gaming industry and the potential for blockchain technology to revolutionize the gaming world.