Xterio Secures $15 Million Investment from Binance Labs - What Sets It Apart

BeginnerSep 05, 2023
In a BlockBeats report on July 13th, Binance Labs invested $15 million in the blockchain gaming issuer, Xterio. The capital will fuel further advancements in game development and technology, including AI integration and token launches. As a part of their long-term strategic partnership, Binance Labs is poised to foster Xterio's growth, with the Xterio token slated to debut within the BNB Chain ecosystem.
Xterio Secures $15 Million Investment from Binance Labs - What Sets It Apart

On July 13th, Binance Labs invested $15 million in the blockchain gaming distributor Xterio. The capital will be utilized to further propel game and technological development, including AI integration and the issuance of tokens. As a globally influential industry, the gaming sector spans not only diverse age groups but also possesses an impact beyond major nations. However, conventional Web2 gaming maintains developer-centric control, compromising the privacy and security of players’ individual assets and data records. This structure fails to establish a relatively balanced player-platform relationship in terms of interests.

(Image from the Internet)

Introduction to Xterio

Xterio is dedicated to building a Web3 gaming platform centered around players. It provides developers with powerful tools and resources, leveraging the advantages of blockchain development while incorporating lessons from the free-to-play Web2 games to create world-class gaming experiences. PUFFVERSE is one of the flagship games on the Xterio platform.

This game, emphasizing social and casual gameplay, has captivated the hearts of Web3 gamers through its relaxing and entertaining design. Beyond that, Xterio is also developing several SLG and shooting games, including major MMO RPGs like INCEPTION. Xterio strongly believes that players building the gaming community should have genuine stakes in the gaming world they participate in. They also recognize the immense potential of Web3 in transforming the relationship between developers and players. The team sees non-fungible tokens (NFTs) as having genuine utility within the context of games, gaming series, or online gaming platforms. These on-chain digital game assets are poised to be the next milestone in the evolution of the virtual economy and have the potential to reshape the business models of the gaming industry.

Xterio aims to create a more equitable and profitable gaming ecosystem for both players and developers, allowing players to have real game stakes and giving developers greater creative freedom and business opportunities. Through these efforts, Xterio seeks to elevate the gaming industry to new heights and provide a unique and meaningful gaming experience for players worldwide.

Xterio Applications

Xterio is a cross-platform game development/publishing company, dedicated to bringing high-quality games to Web3 and exploring and developing new Play-to-Earn (P2E) models to create a more diverse GameFi universe.

The applications of Xterio are multifaceted. The team doesn’t intend to offer a single game that mimics the real world to global players; instead, they aim to provide a holistic ecosystem of great games.

Application Scenario 1: NFT Interoperability

It’s widely known that in different blockchain games, NFTs exist in isolation. For instance, in Web2 games, a mount from World of Warcraft cannot be displayed in Diablo. However, in Xterio’s ecosystem, NFTs from different blockchain games can be recognized in one another. This not only enhances the flexibility of NFTs in usage but also broadens their utility. With Xterio, developers in various blockchain games can utilize data from other NFTs, enriching visual experiences for players and facilitating interactions between different digital communities.

Application Scenario 2: Content Provider Data Matrix (CPDM)

In virtual games, the value of items is assigned by developers and fundamentally exists as data. The transfer of this data requires developer authorization. Integrating assets externally and transferring them between different games is a challenge. For example, the gold systems in World of Warcraft and Diablo are distinct. If a player wanted to transfer gold from one game to the other, both games would need a data transfer interface developed from their end. Considering the vast databases of systemic games, modifications can be highly challenging.

A common question arises: Why not add gold to the second game based on the amount transferred from the first?

Before discussing whether this kind of data alteration is cheating, one must consider that item production ratios and in-game values differ across games. Transferring an item’s value directly could disrupt the balance of the recipient game. In GameFi, if NFTs from different games were to undergo a value conversion without a comprehensive transfer system, players would likely reject it, which is a foundational principle for further developing the metaverse.

Xterio’s Content Provider Data Matrix (CPDM) serves as a network among game developers to address this issue, facilitating asset and data transfers between developers while ensuring user privacy. Xterio’s CPDM employs Zero-Knowledge Proofs (ZKP). ZKP allows the platform to verify transactions without accessing any private user data. Within the peer-to-peer network of CPDM, each game developer can play multiple roles, encompassing data storage, privacy computation, oracle, and node functionalities.

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Opportunities Presented by Xterio

Xterio, positioned as a platform linking the entire Web3 gaming world, boasts not only a strong Web3 development team but also includes many from the Web2 realm with AAA game development expertise. Xterio sees itself as a [free gaming platform]. The primary beneficiary of its growth is undoubtedly the blockchain gaming track. Currently, Xterio is backing the development of 11 games listed on its site, from mobile Japanese RPGs like Blackdawn to massive multiplayer online (MMO) PC games such as Blocklords and RPG Abyss World.

After securing a fresh investment of $15 million from Binance Labs, Xterio gained considerable traction. Many Web3 developers and users have shifted their attention to the GameFi sector. Owing to Xterio’s multi-chain model in its ecosystem, NFTs from various blockchain games are poised to play a more significant role. With the rise of artificial intelligence (AI), Xterio invests heavily in this sector. The team envisions the emergence of a new wave of AI-centric gaming industries on their platform. This vision foretells the empowerment of more 2D and 3D games by AI.

The impact of Xterio goes beyond just blockchain games. Vital virtual assets in blockchain games will also thrive as Xterio integrates the entire Web3 gaming platform. Furthermore, virtual trading, virtual education, virtual real estate, and AR/VR sectors are expected to see enhancement.

As an open platform, it invites traditional game developers and studios into the blockchain gaming space. The fusion of traditional gaming experience with Web3 technology is set to ignite a revolution in style and technical innovation. Beyond the emergence of more noteworthy blockchain games, this signals a benchmark for quality in the blockchain gaming market. We anticipate seeing more robust and quality-driven projects in the future.

Xterio’s Economic Model

Xterio’s token economy is built upon the platform’s sustainability principles, ensuring all Xterio governance token (XTER) stakeholders share the benefits within the ecosystem. This platform adopts a multi-token system that includes the primary XTER token and any game tokens developers issue and use through the Xterio platform.

With a total token supply of 1,000,000,000, Xterio aims to circulate the XTER through a deflationary model, using it for platform governance and key ecosystem development decisions. (For more detailed rules, please visit the official site).

  • Initial contributors: 4%
  • Early supporters: 17%
  • Ecosystem development backers: 40%
  • Community & Marketing: 15%
  • Founding team: 10%
  • Liquidity pledges: 12%
  • Advisors: 2%

Conclusion

As a blockchain game publisher, Xterio elucidates its pivotal role in the Web3 gaming ecosystem. On July 13th, Binance Labs invested $15 million in Xterio, with these new funds earmarked for advancing game and technology development, including AI integration and token launches. Xterio focuses on constructing a player-centric Web3 gaming platform, offering developers the necessary tools and resources, striving to create world-class games. They believe NFTs possess genuine utility in games and online gaming platforms, potentially revolutionizing the gaming industry’s business models.

Xterio’s application spans multiple scenarios, including NFT interoperability and Content Provider Data Matrix (CPDM). They utilize Zero-Knowledge Proofs (ZKP) to facilitate the transfer of assets and data between developers, ensuring user privacy. As Xterio integrates the entire Web3 gaming ecosystem, it is a crucial propellant for the blockchain gaming track, paving new opportunities for Web3 gaming. Concurrently, Xterio’s progress will also spur the growth and development of virtual assets, virtual trading, virtual education, virtual real estate, and AR/VR sectors. As an open platform, Xterio will encourage traditional game developers to step into the blockchain gaming domain, pushing the entire market forward.

Author: Tree.99
Translator: Piper
Reviewer(s): KOWEI、Edward、Elisa、Ashley He、Joyce
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