Intella X Games Raises $12M to Launch on Polygon

Credit: Intella X

Neowiz, a South Korean recording studio and video game developer, just announced it raised $12 million in a private funding round for its Web3 gaming platform Intella X.

The investment funding round saw over twenty investors from a myriad of sectors, including Animoca Brands, Polygon, Magic Eden, Planetarium, Global Coin Research, Joy City, XL Games, Pearl Abyss, Big Brain Holdings, and more. The funds will be used for the upcoming launch of Intella X on the Polygon blockchain.

The press release claimed that Intella X aims bridge the gap between Web2 and Web3 protocols, games, and services. One unique features of Intella X is that contributors to its ecosystem are rewarded with the Intella X token. The platform also redistributes some of its revenue back to contributors using a decentralized revenue distribution protocol.

The mission of Intella X is to provide the highest quality games and a user-friendly environment in Web3 gaming. Neowiz, the company behind Intella X, has extensive experience in both gaming and publishing. Some of it one of its most recent games include “Sanabi: The Revenant,” “Lies of P,” and “Unsouled.”

Intella X is scheduled to launch on Polygon in the first quarter of 2023, along with its proprietary Decentralized Exchange (DEX), NFT marketplace, Web3 wallet, and games.

Polygon Is Becoming a Blockchain of Choice

The successful funding round from Neowiz and Intella X is a big deal for Web3 gaming. But it certainly isn’t the first project we’ve seen hopping on board the Polygon bandwagon in recent months.

Over the past six months, we’ve written several stories about projects choosing Polygon as their go-to blockchain. From ex-president Donald Trump launching an NFT collection on the chain to partnerships with some of the biggest brands in the world, Polygon has been hot for a while and it doesn’t look like it’s going to cool down anytime soon.

To give you a better sense of the amount of activity happening on Polygon, here are some of the most recent headlines from Rarity Sniper:

One reason Polygon has been so successful is because it’s a carbon-neutral blockchain that’s much less energy intensive because of its Proof-of-Stake (PoS) consensus mechanism. It also boasts lightning fast speeds and low transaction fees.

We’ll have to wait to see if the Intella X gaming ecosystem will be popular on Polygon. But for now, it looks like another big win for the fast-rising L-2 blockchain.