ATTENTION ATTENTION.Binance Invested 15 Million Dollars in This Project!

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16 Mar 2024
23

#Binance has been battling the U.S. Securities and Exchange Commission (#SEC ) in the latest process. Although Binance is going through a difficult period, it continues its investments.
As of today, Binance's investment arm, Binance Labs, announced the new investment of the popular exchange. According to the latest information, Binance Labs invested $15 million in the project called Xterio.
Xterio is an artificial intelligence (AI) and Web3 gaming platform. The projects that Binance invests in can make a big impact in the industry in the future.
Binance Labs included the following words in the announcement text it shared on the subject:

“Binance Labs, the venture capital and incubation unit of Binance, has decided to invest $15 million in Xterio, a leading Web3 gaming platform and publisher. “The company plans to use this investment towards game and technology development, artificial intelligence integration and the launch of its tokens.”

Yi He, Co-Founder of Binance and President of Binance Labs, shared the following statements about this investment:

“The Xterio ecosystem is rapidly expanding by combining free-to-play gaming genres with on-chain games developed with AI capabilities.”
“Xterio's core team brings together experienced Web2 professionals and Web3 expertise. “We look forward to working closely with the Xterio team to ensure players around the world experience rich on-chain gameplay.”

Xterio founder Jeremy Horn shared the following words after Binance Labs' $15 million investment:

“I am excited to be a part of the Binance Labs ecosystem. Working with Binance is a dream come true. There is nothing better than being supported by an industry leader. Let's build it together!” $BTC $ETH $BNB

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