Blockchain technology has been opening up new opportunities in various industries, and the gaming industry is no exception. In recent years, we have seen a surge in the development of blockchain-based games that offer players more control and ownership over their in-game assets. Xterio, a blockchain game publisher, has been at the forefront of this movement, and their efforts have recently been recognized by Binance Labs, which has invested $15 million in the company. In this article, we will take a deep dive into what this means for the future of blockchain gaming.
The Emergence of Xterio
Xterio is a blockchain game publisher that offers players a unique gaming experience that combines the popular free-to-play model with the ability to earn non-fungible tokens (NFTs) by playing games. The company believes that blockchain technology can enhance the gaming experience and that player ownership is a crucial aspect of every game they develop. Xterio is currently supporting the development of 11 games that are listed on its website, ranging from mobile Japanese role-playing games (RPGs) like Blackdawn to massively multiplayer online (MMO) PC games like Blocklords and the RPG Abyss World.
Xterio’s Multi-Chain Approach
Xterio is taking a multi-chain approach to blockchain games, which means that they are not tied to a single blockchain platform. For example, Blocklords will launch its crypto elements on Polygon while Abyss World has set its sights on the recently launched Sui blockchain. This approach allows Xterio to explore the benefits of different blockchain platforms and offer players a more diverse gaming experience.
Binance Labs’ Investment in Xterio
Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has recently invested $15 million in Xterio. The funds will be used for game and technology development, as well as exploring potential artificial intelligence (AI) integrations into its titles. Xterio is currently developing an “emotion engine for artificial intelligence” and an AI toolkit that aims to generate 2D and 3D game assets for developers. The startup is also using its AI tech to develop digital companion game AIpal, which is slated to launch a closed beta later this year.
Xterio’s Previous Funding
This is not the first time Xterio has raised funds. Last August, the company raised $40 million in funding from investors like FunPlus, XPLA, and the now-defunct FTX Ventures. Early this year, Xterio itself invested $2.5 million in Overworld, a multiplayer RPG game studio helmed by Xterio co-founder Jeremy Horn, which is developing its namesake title.
Binance Labs’ Focus on Blockchain Gaming
Binance Labs’ investment in Xterio highlights its interest in the blockchain gaming sector. According to a spokesperson, the firm believes that blockchain gaming is a key area for application layers. Binance Labs supports traditional game developers and studios moving into the blockchain gaming space, citing its investments in game studio Gomble as well as Xterio.
The Benefits of Blockchain Gaming
Blockchain gaming offers several benefits over traditional gaming. One of the most significant benefits is player ownership. In traditional games, players do not have ownership over their in-game assets, and these assets can be taken away at any time. With blockchain gaming, players own their in-game assets, which means that they can sell, trade, or even create new games using these assets. This gives players more control and agency over their gaming experience.
Another benefit of blockchain gaming is transparency. Blockchain technology allows for transparent and immutable records, which means that players can trust that their in-game assets are authentic and cannot be duplicated. Blockchain gaming also provides a secure and decentralized platform that is resistant to hacking and fraud.
The Future of Blockchain Gaming
The future of blockchain gaming looks bright, with more and more game developers and publishers exploring the potential of blockchain technology. Xterio is at the forefront of this movement, offering players a unique gaming experience that combines the popular free-to-play model with the ability to earn NFTs. With Binance Labs’ recent investment, Xterio will be able to further develop its technology and explore new AI integrations.
As blockchain technology continues to evolve, we can expect to see more innovative and exciting blockchain-based games that offer players more control and ownership over their in-game assets. Blockchain gaming has the potential to revolutionize the gaming industry, and Xterio is leading the way.
In conclusion, Xterio’s recent funding from Binance Labs is a significant milestone in the development of blockchain gaming. With the funds, Xterio will be able to further develop its technology and explore new AI integrations. Blockchain gaming offers several benefits over traditional gaming, including player ownership, transparency, and security. As blockchain technology continues to evolve, we can expect to see more innovative and exciting blockchain-based games that offer players more control and ownership over their in-game assets. Xterio is at the forefront of this movement, and their efforts are paving the way for the future of blockchain gaming.