Xterio has invested $2.5 million in Overworld, a web-3-powered gaming and community project.
Xterio is a cross-platform publisher and developer of high-quality mobile and Web3 games. Last year, Xterio announced that they had raised $40 million in a funding round led by FunPlus. The funding apparently went toward game development and building out the platform.
Now Xterio, together with its operating company LibeccioTech, is investing the initial funding in Overworld to launch unique game-themed collectibles on the Xterio platform, which will house a marketplace, social community hub, user-centric tools, and more.
Overworld is a web-3-powered gaming and community project focused on collective storytelling, utility-driven digital collectibles, and deep, engaging multiplayer gameplay set in an ambitious fantasy universe made for and by the players.
Jeremy Horn is the COO of Xterio and head of Overworld. Formerly vice president of strategy at Jam City, Horn is a game veteran with expertise in top-grossing social free-to-play games across multiple platforms. The Overworld team has eight veterans coming from Riot Games, Disney, Krafton, Jam City, and Ubisoft.
Overworld will be available first on PC and mobile – their first release will be a digital collectible drop that will provide holders with unique benefits and early access to the game, with initial assets released in the second quarter of 2023.
