Following Move and Me, Xterio is also going to issue its token. This project, incubated and supported by FunPlus and heavily invested by Binance, was once regarded as the largest blockchain gaming platform during the last bull market.

Although the blockchain gaming sector has been cold for the past two years, they seem to be ready for this round of altcoin season. If the previous ACE was just a small trial, then this time something big is coming.

Xterio is a gaming infrastructure platform that also uses AI technology in games, positioning itself as AI + Gaming and is the only web3 partner of RekaAI. Currently, they are focused on layer 2 solutions centered around on-chain games, using OP technology at the base layer.

Currently, the official operation has launched 5 blockchain games on Ethereum and BNB chains, and they are recently inviting game developers to come to their public chain for development.

The team's co-founder, Michael, previously served as Chief Operating Officer at NetEase for 22 years. He later joined FunPlus as an investor, responsible for overseeing the company's strategy and investments.

During the last bull market, as the blockchain gaming trend emerged, he incubated Xterio with FunPlus and took on the role of co-founder and CEO.

FunPlus is a well-known overseas gaming company, very famous in the gaming circle, with representative games such as (King of Avalon), (Guns of Glory), and (State of Survival), many of whose games have reached hundreds of millions in revenue.

Promoting the construction of Xterio is part of FunPlus's diversification strategy.

In terms of funding, Xterio has raised a total of 55 million dollars, with Binance Labs investing 15 million dollars, breaking the record for single coin investment by Binance Labs, while DST, which previously invested in TikTok and Xiaohongshu, also invested 5 million dollars in Xterio.

Therefore, Xterio is considered to have the backing support of both web2 and web3 from most leading institutions.

Compared to other game public chains on the market, such as ImmutableX and Chromia, Xterio has more internal development resources. Backed by FunPlus, a global game publisher, previously internally developed games can be transformed and converted into blockchain games at any time.

Currently, they have developed their own supporting NFT marketplace, wallet, and identity system, preparing for formal token circulation.

In terms of market capitalization estimates, since there are already several game public chains and platforms on the market, such as MAGIC, IMX, and CHR, Xterio's total market capitalization is expected to be between 500 million to 1 billion dollars, depending on whether it debuts on Binance and whether the market remains in altcoin season.

From the recent listing situation on Binance, VC coins have shown significant market capitalization premiums when they first opened.

Currently, the funds from altcoins in the market have rotated to DeFi and public chain coins. Some NFTs have shown obvious signs, but looking back at history, it seems that the blockchain gaming sector has always begun to gain momentum only in the middle of the altcoin season.

Whether Xterio can rise this time actually depends on this critical time point.