Blockchain gaming platform Xterio announces that they have 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 funding will apparently go toward game development and building out the 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. FunPlus will provide Xterio with its technology stack. Moreover, Xterio will be FunPlus’ exclusive partner to mint, deploy and manage all non-fungible tokens (NFTs) for current and future game titles.
