Intella Xa Web3 gaming platform developed by South Korean gaming giant Neowiz, has raised $12 million in funding.
Intella X plans to launch its platform on Polygon, a leading Ethereum Layer-2 scaling platform.
The funding round involved more than 20 investors from various industries and includes notable partners such as Polygon, Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Crit Ventures, JoyCity, Pearl Abyss, XL Games, WEMIX and Global Coin Research.
As the next generation Web3 gaming platform, Intella X’s mission is to bridge the gap between Web2 and Web3 through unique platform protocols, services and games.
What Intella X hopes will set it apart from its competitors is that the platform will continually reward its ecosystem contributors (i.e. game developers and users) through its native platform token, the Intella X Token, through its own unique “proof of contribution” protocol.
The platform also redistributes portions of its revenue back to contributors through its unique decentralized revenue sharing protocol to further exercise Web3’s fundamental values.
Combined with its service protocols and broad game genres in its 2023 lineup, the platform offers additional features to remove high barriers to entry and improve the user experience in Web3. From streamlining wallets to implementing meta-transactions, Intella X aims to provide high-quality games and an easy-to-use environment to accelerate mass adoption.
Intella X will launch on Polygon in Q1 2023 along with its own Web3 wallet, DEX (Decentralized Exchange), NFT marketplace, launchpad and games.
Founded in 1997, Neowiz is one of the leading game companies in Korea. The company has released a wide range of PC and mobile games since 2003 and has also developed and launched hugely successful titles such as FIFA online, Brave Nine, DJMax Respect, Skul: The Hero Slayer, Cats & Soup and the upcoming Lies van P .
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