Xterio Raised $40 Million USD to Develop AAA-Grade Mobile Games
Colin Smith — September 1, 2022 — Tech
References: play.google & venturebeat
'Xterio,' a developer and publisher of mobile games, announced a recent $40 million USD funding round. The company stated that these funds will fuel a pursuit of high-quality web3 games for mobile devices, an industry that is currently overrun with lower quality games that boast web3 connectivity as their primary feature. Rather than taking this approach, Xterio wants to attract fans to their ecosystem based on the quality of the games while simultaneously exposing fans to the benefits of web3 in gaming.
Jeremy Horn, a cofounder of Xterio, stated: “We believe that gameplay is enhanced by ownership, but we are most interested in creating long-lasting franchises and rich gameplay experiences. We will build our games to be fun and engaging for both traditional gamers and the Web3 audience in a way that any type of player can enjoy.” Showing that the company believes in the positive applications of web3 features.
Image Credit: Xterio
Jeremy Horn, a cofounder of Xterio, stated: “We believe that gameplay is enhanced by ownership, but we are most interested in creating long-lasting franchises and rich gameplay experiences. We will build our games to be fun and engaging for both traditional gamers and the Web3 audience in a way that any type of player can enjoy.” Showing that the company believes in the positive applications of web3 features.
Image Credit: Xterio
Trend Themes
1. High-quality Web3 Games - Xterio is pursuing high-quality web3 games for mobile devices, aiming to attract fans based on game quality while exposing them to the benefits of web3 in gaming.
2. Long-lasting Franchises - Xterio wants to create long-lasting franchises and rich game experiences that cater to both traditional gamers and the web3 audience.
3. Disruptive Web3 Features - Xterio aims to showcase the positive applications of web3 features, potentially disrupting the market by offering better gaming experiences and new models of ownership.
Industry Implications
1. Mobile Gaming - Xterio's focus on high-quality web3 games for mobile devices has the potential to disrupt the mobile gaming industry with better gaming experiences.
2. Web3 Gaming - As a developer and publisher of web3 games, Xterio is looking to disrupt the web3 gaming industry by introducing high-quality games that prioritize gameplay over web3 connectivity.
3. Blockchain Technology - Xterio's focus on web3 games that emphasize ownership and rich gameplay experiences could disrupt the blockchain technology industry by pushing the limits of what's possible in blockchain-powered gaming.
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