Intella X secures $12 million for web3 gaming ecosystem
In Brief
Intella X, a South Korean Web3 gaming platform, has raised $12 million in funding from over 20 investors.
The platform’s unique “proof of contribution” protocol will reward game developers and users of the platform.
South Korean web3 gaming platform Intella X has raised $12 million in funding. The platform will soon launch on the Polygon network, an Ethereum Layer-2 scaling system.
The funding has over 20 investors, including web3 giants such as Animoca Brands, Magic Eden, Polygon, Planetarium, Crit Ventures, JoyCity, Pearl Abyss, WEMIX, XL Games, Big Brain Holdings, and Global Coin Research.
Intella X plans to connect web2 and web3 via unique platform protocols, games, and services. Through its native token, Intella will reward game developers and users of the platform and set itself apart from the competition.
The platform’s unique “proof of contribution” protocol brings financial advantages by redistributing shares of its revenue back to users via a decentralized system. Apart from its protocol and high-quality games, Intella X wants to drive mass web3 adoption by offering additional features and removing high-entry barriers for new users.
Intella X is planning to launch in the first quarter of 2023 and also release a web3 wallet, a decentralized exchange, an NFT marketplace, games, and launchpads as additional features and platforms.
Neowiz is the South Korean game developer behind Intella X. The game developer published and launched several successful PC and mobile games, such as FIFA Online, DJ Max Respect, Brave Nine, and Cats & Soup.
Earlier this week, Korea’s Seoul Metropolitan Government released its virtual world – Metaverse Seoul, allowing users to enlist in activities such as playing games, completing official forms, receiving tax assistance, and other public services. The city has a five-year expansion plan and is the first city to establish a public metaverse platform.
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About The Author
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
