PANews reported on July 13 that Binance Labs announced an investment of $15 million in Xterio to expand its game development capabilities in the fields of AI and Web3, according to an official announcement. It is reported that Xterio is a Web3 game platform and publisher that connects free games and on-chain games with internal and third-party games currently under development. The company plans to use the investment to further promote game and technology development, including the integration of artificial intelligence and the launch of tokens. Xterio's founding executive team has extensive experience in technology, Web2 games and entertainment companies such as FunPlus, Ubisoft, Krafton, Jam City, and NetEase, and provides rich expertise in creating and maintaining high-income free social games on PC.