{"id":66490,"date":"2022-08-30T15:33:01","date_gmt":"2022-08-30T12:33:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66490"},"modified":"2025-09-07T01:35:53","modified_gmt":"2025-09-06T22:35:53","slug":"web3-game-publisher-xterio-raises-40-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/web3-game-publisher-xterio-raises-40-million\/","title":{"rendered":"Web3 game publisher Xterio raises $40 million"},"content":{"rendered":"<p>Xterio, a Switzerland-based Web3-game publisher, raised $40 million in a funding round led by FunPlus, with participation from venture firms Makers Fund and FTX Ventures, and the gaming platform XPLA. <a href= \"https:\/\/www.theblock.co\/post\/166447\/web3-game-developer-xterio-raises-40-million-in-saft-sale\">The Block<\/a> reports this.<\/p>\n<p>Animoca Brands, HashKey, Foresight Ventures, Infinity Ventures Crypto and Matrix Partners also participated in the round. The fundraising used the <span data-descr=\"Simple Agreements for Future Tokens (\u00abSimple Agreements for Future Tokens\u00bb )\" class=\"old_tooltip\">SAFT<\/span> model.<\/p>\n<p>Co-founder of Xterio, Jeremy Horn, told the publication that the startup&#8217;s valuation had reached $300 million.<\/p>\n<p>The funds will be directed to developing mobile and browser-based Web3 games, as well as hiring staff. The team currently numbers 60 employees, including former executives from Electronic Arts, Activision Blizzard, Krafton and FunPlus.<\/p>\n<p>Earlier ForkLog reported that the studio <a href=\"https:\/\/u1f987.com\/en\/news\/mobile-game-developer-limit-break-raises-200-million-to-implement-nfts\">Limit Break<\/a> raised $200 million to integrate Web3 elements into the Free-to-Play model.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Xterio, a Switzerland-based Web3-game publisher, raised $40 million in a funding round led by FunPlus.<\/p>\n","protected":false},"author":1,"featured_media":66491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133,1110],"class_list":["post-66490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66490"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66490\/revisions"}],"predecessor-version":[{"id":66492,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66490\/revisions\/66492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66491"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}