Xterio, a Zug, Switzerland-based company that develops and distributes Web2 and Web3 games and interactive entertainment, raised $15M in funding.
The round was led by Binance Labs.
The company intends to use the funds to further game and tech development, including integration of AI, and the launch of its tokens.
Led by Michael Tong, co-founder, Xterio is a Web3 game platform and publisher bridging free-to-play and on-chain gaming with in-house and third-party games currently in development.
They plan to utilize the investment to expand its AI capabilities, develop AI-driven interactive experiences, and resolve AI provenance issues in Web3. Currently, Xterio is in the process of developing an AI toolkit that generates style-consistent, production-quality 2D and 3D assets while also offering an “emotion engine for artificial intelligence.” This technology will be accessible to all content partners within the Xterio ecosystem, aiming to provide users with meaningful companionship that goes beyond the utility typically associated with AI.
FinSMEs
13/07/2023