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What Xterio's $40 Million Raise Signaled

A 2022 report on Xterio's funding examines its game-platform plans and developer lineup, while cautioning against judging a project by team backgrounds alone.

Aaron HuangSystems, product and AI practice

This analysis examines xterio's $40 Million Raise Signaled and separates supported implications from claims that still depend on context or further evidence.

Read the evidence below as a decision trail: what changed, why it matters, which trade-offs shaped the result, and where the conclusion still depends on context.

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The lineup is very strong. There is already news about a AAA blockbuster created by a Japanese team. The exact timing and details have not yet been announced, but don't rely solely on the members' backgrounds to decide whether to participate

The blockchain gaming platform Xterio is being developed by game developers and its Xterio partner FunPlus,FTX Ventures and blockchain gaming platform XPLA raised $40 million. Funds will be used for game development and platform building

The members come from FunPlusElectronic ArtsZyngaActivision BlizzardKraftonJam CityNetEaseand other top studios. By leveraging decades of AAA and F2P learning experience, we hope to legitimize and trust the emerging Web3 game, bringing an amazing world and gameplay to 3 billion gamers.

Other participants in this round include Hashkey, Foresight Ventures, Headline, Matrix Partners, and Animoca Brands.

The platform is overseen by the Swiss-based nonprofit Xterio Foundation, providing users with a marketplace, community hub, and custodial crypto wallet. On the developer side, the technology provided by Xterio makes it easier for Web2 game creators to transition to Web3, such as minting NFTs, in-game transactions, and regulatory compliance

Xterio plans to announce its blockchain partners in the coming weeks.

Key Points:The first batch of game announcements is expected to be released in fall 2022

Blockchain games

Funplus was founded in 2010 and is headquartered in Beijing. It has developed several well-known mobile games, including King of Avalon: Winter Dawn and Everyday Farm. In 2017, it established the FPX Esports Club, which boasts esports players specializing in games like League of Legends and Fortnite.

Funplus

Zynga is a global leader in interactive entertainment, with a mission to connect the world through gaming, and is a wholly owned subsidiary of Take-Two Interactive Software, Inc. Zynga's business spans over 175 countries and regions worldwide, with a diverse product portfolio: popular game series downloaded over 4 billion times on mobile devices, including CSR Racing™, Empires & Puzzles™, FarmVille™, Golf Rival™, Hair Challenge™, Harry Potter: Puzzles & Spells™, High Heels!™, Merge Dragons!™, Merge Magic!™, Toon Blast™, Toy Blast™, Words With Friends™, and Zynga Poker™.

Zynga

Activision Blizzard owns and operates numerous game studios under Activision Publishing, includingTreyarchInfinity WardHigh Moon Studios and Toys for Bob。 Activision Blizzard has produced a series including "Moment of victory》、《The Thylacine launched a major offensive》、《Guitar Hero》、《Tony Hawke》、《Prototype weapon(Prototype)》、《Baby Dragon(Spyro)》、《Baby Dragon World》、《World of Warcraft》、《StarCraft Supremacy》、《Diablo》、《Hearthstone》、《Heroes of the Blizzard》、《Overwatchand "Candy Crush Sagaand others.

What to take away

The article's value is in the evidence and trade-offs behind what Xterio's $40 Million Raise Signaled, not in treating the conclusion as universal.