Last month, blockchain gaming platform Xterio announced that they raised $40 million in a funding round led by game developer FunPlus, FTX Ventures, and blockchain gaming platform XPLA. Other participants in the funding round included Hashkey, Foresight Ventures, Headline, Matrix Partners, and Animoca Brands. The new capital apparently went towards game development and building out its platform.
Xterio combines a play-to-earn gaming platform and a GameFi-as-a-service solution for developers in the partner network, according to the whitepaper. FunPlus is a global developer of popular mobile strategy games.
XPLA is a blockchain mainnet originally built by Com2Us, and it operates as a gaming platform. It also acts as a hub for all types of media content. XPLA is expanding its web3 ecosystem by partnering with Xterio. This new partnership is letting Xterio bring its catalog and digital assets to XPLA’s ecosystem for the duration of the agreement.
XPLA is also apparently using this new partnership to leverage a connection with FunPlus. It’s turning XPLA into FunPlus’ exclusive web3 partner. FunPlus is the developer of some pretty popular mobile games, like State of Survival, King of Avalon, and Guns of Glory. 
