Web3 game developer Xterio raises $40M
- August 30, 2022
- 0
Swiss-based Web3 game publisher Xterio has raised $40 million in a funding round led by FunPlus, venture capital firms Makers Fund and FTX Ventures, and gaming platform XPLA.
Swiss-based Web3 game publisher Xterio has raised $40 million in a funding round led by FunPlus, venture capital firms Makers Fund and FTX Ventures, and gaming platform XPLA. Reported by The Block.
Animoca Brands, HashKey, Foresight Ventures, Infinity Ventures Crypto and Matrix Partners also participated in the tour. The model was used to raise funds SHAFT.
Xterio co-founder Jeremy Horn stated during a conversation with the broadcast that the valuation of the venture has reached $300 million.
Funds raised will be used by the project team to develop mobile and browser-based Web3 games and hire staff. Xterio currently has 60 employees, including former executives from Electronic Arts, Activision Blizzard, Krafton and FunPlus.
ForkLog previously reported that Limit Break had raised $200 million to bring Web3 elements to the Free-to-Play model.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
