Link copied 
A captivating revelation from the gaming universe has recently captivated digital currency enthusiasts. Binance Labs, the venture capital and incubation arm of the renowned cryptocurrency exchange Binance, is investing $15 million in Xterio, a leading blockchain game developer.
Xterio distinguishes itself with its play-and-earn philosophy, blending free gaming experiences with the promise of NFT rewards. This innovative approach to game design, which places value on player ownership, serves as the foundation for 11 upcoming games showcased on Xterio's website. These games span various genres and platforms, including mobile Japanese RPGs like Blackdawn, as well as expansive MMO PC games such as Blocklords and the RPG Abyss World.
One unique aspect of Xterio's gaming approach is its utilization of multiple blockchains. For instance, the crypto-based elements of Blocklords will be launched on Polygon, while Abyss World is exploring the newly minted Sui blockchain.
The company intends to leverage the investment from Binance Labs to further its game and technology development. These developments include a potential foray into artificial intelligence, with ongoing projects including an "emotion engine for artificial intelligence" and an AI toolkit for generating 2D and 3D game assets. The toolkit is already being used in the development of a digital companion game called AIpal, which is slated for a closed beta release later this year.
Michael Tong, co-founder of Xterio, commented on the investment from Binance Labs, emphasizing its significance in launching a transformative ecosystem token and high-quality games. A representative from Binance Labs confirmed the company's interest in the blockchain gaming domain, citing it as a crucial area for application layers.
Despite being a crypto exchange known for offering numerous tokens, including its own BUSD stablecoin and BNB token, Binance Labs maintains that its investments are "chain and sector agnostic," supporting both traditional game developers entering the blockchain gaming world.
