Xterio, has revealed a new partner game studio, Overworld, which will be focused on developing high quality, free-to-play multiplayer role-playing games enhanced with digital collectibles. Xterio, together with its operating company LibeccioTech, is investing $2.5 million in initial funding in Overworld to launch unique game-themed collectibles on the Xterio platform, which will house a marketplace, social community hub, user-centric tools and more, making it the premier network for Web3 games.
“At Xterio, we are partnering with global leaders to help us pave the way forward for games enhanced by the power of Web3 technology.We plan to incubate more studios in the near future, giving them the financing and support to enable them to develop high-quality Web3 games on the Xterio Platform for a wide range of players,” said Xterio council chairman Brett Krause.
Based in North America, Overworld is incubated by Xterio’s COO Jeremy Horn, with an extensive career history spanning games, technology and entertainment. Formerly vice president of strategy at Jam City, Horn is a games industry veteran with deep expertise in developing and sustaining top-grossing social free-to-play games across multiple platforms. The team is composed of six proven hit-makers coming from Riot Games, Disney, Krafton, Jam City and Ubisoft.
“Overworld is on a mission to create a rich cross-platform fantasy universe that grows in partnership with our community and is strengthened by digital ownership.Our first game, currently in development, is an online RPG coming to PC, consoles and mobile devices that will build the foundation of the Overworld brand. Overworld’s titles will fuse the accessibility of free-to-play and cross-play support with the incredible possibilities that digital collectibles and community ownership open up for players,” said Jeremy Horn.
Overworld’s first release will be a digital collectible drop that will provide holders with unique benefits and early access to the game, slated to release in Q2 2023.