South Korean gaming company NEOWIZ has raised $12 million for its web3 platform IntellaX, with funding from Polygon and Animoca Brands, amongst others. NEOWIZ is listed in Korea with a market capitalization of $723 million. It produces several casual games and is best known for “Skul: The Hero Slayer” and “Black Squad”.
Launching in the first quarter of 2023, IntellaX will provide a Web3 wallet, an NFT marketplace, a decentralized exchange, and games. The key differentiator of IntellaX over other web3 gaming solutions is its push towards a “Proof of Contribution Protocol” which aims to redistribute a share of its revenue to contributors.
The platform will be released on Polygon, the Ethereum Layer-2 scaling network.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
