Intella X, a Web3 video gaming platform established by South Korea’s video gaming giant Neowiz, has actually raised $12 million in financing.

Intella X is preparing to release its platform on Polygon, a leading Ethereum Layer-2 scaling platform.

The financing round consisted of more than 20 financiers from numerous sectors and consists of noteworthy 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 video gaming platform, Intella X’s objective is to bridge the space in between Web2 and Web3 through special platform procedures, services, and video games.

What Intella X hopes will set itself apart from its rivals is that the platform constantly rewards the factors of its community (i.e video game designers and users) through its native platform token, the Intella X token, through its own special “evidence of contribution” procedure.

The platform likewise rearranges shares of its earnings back to the factors through its special decentralized earnings circulation procedure to more workout the essential worths of Web3.

In mix with its service procedures and broad categories of video games in its 2023 lineup, the platform provides extra functions in an effort to get rid of high-entry barriers and to enhance user experience in Web3. From structured wallet production to execution of meta deals, Intella X has actually set its objective on supplying top quality video games and easy to use environment to speed up mass adoption.

Intella X is set to release on Polygon in the very first quarter of 2023 in addition to its exclusive Web3 wallet, DEX( Decentralized Exchange), NFT market, launchpad, and video games.

Established in 1997, Neowiz is among the prominent video game business in Korea. The business has actually released a variety of PC and mobile video games considering that 2003 and has likewise co-developed and introduced hugely effective titles such as FIFA online, Brave Nine, DJMax Respect, Skul: The Hero Slayer, Cats & & Soup, and the upcoming Lies of P.

GamesBeat’s creed when covering the video game market is “where enthusiasm satisfies service.” What does this indicate? We wish to inform you how the news matters to you– not simply as a decision-maker at a video game studio, however likewise as a fan of video games. Whether you read our short articles, listen to our podcasts, or enjoy our videos, GamesBeat will assist you discover the market and delight in engaging with it. Discover our Briefings.