Web3 Game Developer Xterio Raises $40M Co-led by FTX Ventures and Others

Xterio, a Web3 game developer and publisher, announced that it has closed a $40m funding round via token sale, which brings its valuation to $300 million. The funding round is co-led by FTX Ventures, FunPlus, Makers Fund and XPLA, with participation from Animoca Brands, HashKey and others. The fund raised will be used to develop and publish Web3 games and to scale Xterio's team.