Web3 gaming platform Xterio to launch XTER token

Xterio teased the upcoming launch of its token native XTER. The Swiss startup specializing in gaming web3which received funding from the bankrupt crypto exchange FTXis also supported by Binance.

Thursday, on X, Xterio has published a message announcing the forthcoming issue of his native tokenwithout giving a date. Named XTERthe token will be usable in the gaming ecosystem of the start-up founded in Zug’s crypto valley last year.

One token to rule them all $XTER is more than just a token, it’s the lifeblood that powers the ecosystem of all our games. Massive utilities and integrated systems for the benefit of traders, holders and players alike.” wrote Xterio.

August 2022, Xterio closed a financing round of 40 million dollarsin the form of SAFT, headed by FTX Venturesthe venture capital arm of the bankrupt exchange of alleged swindler Sam Bankman Fried. The deal also included the participation of game developer FunPlus and Asian web giants3 Animoca and Hashkey.

This summer, Binance announced a $15 million investment in Xterio. The Swiss startup thus seems to have the blessing of several industry heavyweights.

Xterio recently announced that it is developing his own marketplace NFT while the famous Opensea finally gives up on imposing royalties.

“In the wake of Opensea’s decision to move away from the application of fees for designersXterio remains committed to launching an innovative marketplace that will bring value to designers,” she said last month.

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Titles currently in development on its platform include Age of Dino, Legend of Genesis, Overworld, TTT and Metagame Industries’ Abyss World.

Last month, Counter Firea multiplayer online battle arena (MOBA) game built on Arbitrum, has gone live on its service.

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