Polygon, Animoca, and More Back Intella X in $12 Million Private Funding Round

  • Intella X, Neowiz, and Polygon’s upcoming Web3 gaming platform have announced the successful closing of its private funding round. 
  • The gaming platform service provider reportedly raised $12 million from investors, including Polygon, Animoca Brands, and more. 

The Intella X team had dedicated its resources to speaking with Web3 investors, project teams, and industry experts. With Web3 leaders investing substantially in the project, they look forward to using the funding to polish their products. 

Ready for Takeoff

Polygon revealed in August 2022 that it would team up with South Korean Game Giant Neowiz to launch a Web3 gaming platform called Intella X. The platform would bring Neowiz’s popular gaming IPs to Web3 for the first time. 

Neowiz is considered a pioneer in the South Korean gaming industry. The game studio has been successfully publishing PC and mobile games for decades. It has also co-developed and launched blockbuster titles like FIFA Online. 

The blockchain network and Neowiz shared that they were developing a lineup of products to promote the core principles of user ownership in Web3. Additionally, they will distribute shares of all generated revenue with contributors. 

In the latest update, Intella X has shared its plans to use a significant portion of its funding for its anticipated launch on Polygon. 

The gaming platform service provider is reportedly set to launch on Polygon in Q1 2023. Its proprietary Web3 wallet, decentralized exchange, NFT marketplace, launchpad, and series of games will manifest themselves then. 

Furthermore, Intella X’s $12 million private funding garnered interest from various sectors. These include Web3 leaders such as Polygon, Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Global Coin Research, Crit Ventures, JoyCity, Pearl Abyss, XL Games, and WEMIX. 

On the Flipside

  • Neowiz is reportedly valued at over $670 million. 
  • The game studio’s flagship RPG title, Lies of P, bagged multiple accolades at Gamescom 2022, one of the biggest gaming events in Europe.

Why You Should Care

Neowiz is one of the more reputable and credible gaming studios in Korea. The platform has created a legacy in the country, pushing out fun and exciting games since 1997. Neowiz’s move to Web3 from traditional gaming reflects its forward-thinking approach. It is also considered positive for the Web3 gaming space as a whole. 


You may also like: 

Mastercard Picks Polygon (MATIC) for NFT-Based Artist Accelerator Program.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Insha Zia

Insha is a crypto journalist from Pakistan specializing in Web3 gaming and the metaverse. At DailyCoin, he hunts for breakthroughs, interesting stories, and upcoming developments in the metaverse and Web3 gaming space. Since 2019, Insha has authored and ghost-written hundreds of articles for some of the world’s top tech publications covering various topics ranging from crypto how-tos to opinion pieces. Insha has a background in Computer Engineering, graduating from UET, Peshawar. He has ample experience working as a developer and a data scientist. He is also an avid gamer and has been a vocal member of various gaming communities. Insha's favorite genres are MMORPG and FPS. His interest in Web3 gaming grew during the DeFi boom in 2021 when he tried and reviewed Web3 games as a hobby. Today, he is an active member of numerous web3 gaming communities, contributes to the growth of the space, and constantly reports on events. As a seasoned gamer, Insha also provides insight on several upcoming Web3 projects from a gamer’s point of view. Moreover, during his time in the Web3 gaming and metaverse space, Insha has built valuable relationships with CEOs and Presidents of upcoming projects. Insha plans on leveraging his connections to provide accurate reports and news to DailyCoin readers.