Binance Labs commits $15 million to buzzy F2P startup

Quick Take

  • Xterio plans to use the cash to explore applications for AI and to launch new tokens.

Binance Labs, the $9 billion venture arm of the crypto exchange giant, said it is committing $15 million to Xterio, a web3 gaming startup.

Switzerland-based Xterio is focused on free-to-play and blockchain-based gaming. It plans to use the cash injection to continue developing its forthcoming games, as well as for the integration of AI capabilities — such as interactive experiences — and new token launches.

No valuation was disclosed. Asked what timeframe the money would be invested over, a Binance spokesperson said the round is complete, without adding further details.

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