Intella X Raises Funds, Launching Soon
NEOWIZ, an online game developer in South Korea, said in a press release provided by the company that its web3 gaming platform Intella X had raised $12 million in anticipation of its upcoming launch on the Polygon blockchain in Q1.
What is Intella X?
Intella's website says that it aims to usher in a new era of blockchain gaming with pillars of "develop and earn" and "contribute, play, and earn."
Contributors to the ecosystem, such as game developers and users, will be rewarded with a native platform token through its unique, rewarding service protocol, "Proof of Contribution." The platform also redistributes shares of its revenue back to contributors through "its unique decentralized revenue distribution protocol to further exercise the fundamental values of Web3."
There were over 20 investors, such as Polygon, Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Global Coin Research, Crit Ventures, JoyCity, Pearl Abyss, XL Games, and WEMIX.
Why It Matters:
Intella X, built on Polygon, will launch with a diverse lineup of games and promises a "seamless gaming experience." The launch provides users with another suite of games on Polygon, a blockchain becoming the default for game makers given its efficiency and low transaction fees.
Intella X pages: