Switzerland-based game studio Xterio raises $40M to create cross-platform Web3 franchises – eGamers.io
As the company uses these funds, it will mainly focus on multiplayer games (both own and partner).
Xterio, a Switzerland-based games publisher and developer, has announced $40 million in funding to develop Web3 games. The company develops free-to-play play-to-earn games. The funding round was led by FunPlus, FTX Ventures, Makers Fund and XPLA. Foresight Ventures, Matrix Partners, Animoca Brands, HashKey and Infinity Ventures Crypto also participated in the funding round.
After Xterio raises the funding, FunPlus will be its exclusive partner when it comes to Web3 game development. Just like Xterio, FunPlus is headquartered in Switzerland and employs over 2000 people.
In its cross-platform portfolio, Xterio will focus on developing multiplayer blockchain-based games, where decentralization and player ownership are the core concepts. The funding will be used to develop Xterio’s own games as well as those of partners – the motivation is to further expand the platform in the Web3 area.
“Games and interactive entertainment are always at the forefront of innovation, and FunPlus has a 10-year history of innovation on web and mobile. We believe Web3 has the potential to offer consumers and content creators new ways to create, distribute and interact.”
Chris Petrović, Chief Business Officer at FunPlus and councilor the Xterio Foundation.
Xterio is currently developing multiplayer games. The platform will announce a marketplace and social community hub in the future. They’ll be announcing more stuff this fall.
Jeremy Horn, co-founder of Xterio and a gaming industry veteran, believes his company is powering the Web3 for tomorrow.
“At Xterio, we’re building an amazing gaming platform that combines the way people play today with the power of Web3 for tomorrow… We believe ownership enhances gameplay, but we’re most interested in long-lasting franchises and… create rich gaming experiences. We will make our games fun and engaging for both traditional players and Web3 audiences, in a way that every type of player can enjoy.” said horn.
Always stay up to date:
📰 Don’t miss anything: Join this News Telegram channel or The discussion group.
🐥In your feed: Follow us on Twitter, Facebook & Instagram.
📺 let’s look: Subscribe to YouTube & chill.
🎙️Useful channels: NFT Giveaway Channel & Early Adopter Opportunities Channel.
🕹️Gaming Guild & Scholarships: Join our discord.
📫Saturday Email Summary: Subscribe to Blockchain Gaming Digest.
Disclaimer:
We use affiliate links whenever possible. We can earn some crypto or NFTs at no cost to you.
While we make every effort to ensure the accuracy of the content, we provide it “as is”. We take no responsibility for actions or results. We write about games, treat them as games. We do not give investment advice. Always do your own extensive research.