Neowiz Secures $12 Million in Funding for its Web3 Gaming Platform Intella X
Backed by Animoca Brands, WEMIX, and other big names in the space, Intella X is set to launch on Polygon in Q1 2023.
Meet Intella X - A blockchain gaming platform by Neowiz
South Korea's leading gaming giant, Neowiz, has announced the completion of a $12 million private funding round for its Web3 gaming platform, Intella X.
According to a press release, the financing round has attracted over 20 prominent investors, including Polygon, Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Global Coin Research, Crit Ventures, JoyCity, Pearl Abyss, XL Games, and WEMIX.
Intella X is a new blockchain gaming platform set to launch on Polygon, a leading Ethereum L2-scaling solution. As the next-gen gaming platform, it aims to bridge the gap between Web2 and Web3 through unique platform protocols, services, and games.
What Intella hopes to do differently from its competitors is that the platform will perpetually reward the contributors of its ecosystem (e.g., game developers and users) with the platform's native tokens, the Intella X token, through its unique Proof of Contribution protocol.
The platform will also redistribute shares of its revenue back to the contributors through its unique decentralized revenue distribution framework to further exercise the fundamental values of Web3.
In combination with its service protocols and wide genres of games in its 2023 lineup, the platform is looking to offer additional features that remove high-entry barriers and improve user experience in Web3. From streamlined wallet creation to implementing meta-transactions, Intella X has set its mission on providing high-quality games and a user-friendly environment to foster mass adoption.
Intella X is set to launch on Polygon in the first quarter of 2023, along with its proprietary Web3 wallet, DEX (Decentralized Exchange), NFT marketplace, launchpad, and games. This will help Neowiz, one of the biggest gaming firms in Korea, to cement its position within this sector. The company's NFT titles, Crypto Golf Impact and Brave Nine, are some of the games coming to Intella X.