Polygon announced its partnership with gaming publisher Neowiz to launch Intella X, a new Web3 gaming platform. It will be supported by its native IX token.
On Wednesday, Polygon took to Twitter to announce that it has recently partnered with South Korean multi-platform video game development and online publishing giant Neowiz Corporation to launch a brand new Web3 gaming platform. The brand new gaming ecosystem will be called Intella X, wherein contributors and users will have ownership rights and can generate revenue.
Neowiz Corporation is a multi-platform game developer founded in 1997 with headquarters in South Korea. Its roster of published games includes various indie AAA titles like the rhythm game DJ MAX RESPECT V and 2D platformer Skul: The Hero Slayer.
What to Expect from Intella X
Through the Intella X collaboration, users will see popular gaming intellectual properties (IPs) from Neowiz, such as Cats & Soup and Brave Nine, being ported to the new platform, albeit with a Web3 twist. Moreover, the platform intends to exercise the core principles of user ownership in Web3.
Intella X is designed to distribute the shares of all generated revenue back to users and game developers. Thus, users can start earning the platform’s native token, IX, by providing liquidity in the proprietary DEX and earning yield from the IX token.
However, that’s not the only way users can earn from the platform. Users can likewise earn IX by playing games and consequently swapping unique game tokens offered for IX using the platform’s exchange.
According to Polygon, Intella X will run on a “develop-and-earn” system, which means it will compensate projects built and launched on the platform with IX token. Additionally, a portion of the platform’s revenue will be shared, including in-app purchases, relevant fees, and more.
If you’re wondering how Intella X would be able to distribute the earnings, it will apparently follow a unique algorithm. Said algorithm would consider both on-chain and off-chain data to decide the contribution rate for each developer’s game. Hence, game developers could focus on creating games while getting their shares of monthly distributed rewards.
Games in Intella X’s Roster
When Intella X is launched, its roster will include two social casino games—House of Poker and House of Slots. Neowiz fans could also expect some of their favorites to be released on the platform, including Alliance of Valiant Arms (AVA), Brave Nine, Crypto Golf Impact, and Cats & Soup.
Intella X will also launch several new blockchain games from the popular IP in 2023, in conjunction with a new PFP NFT project titled Early Retired Cats Club. Simultaneous with the platform’s launch is the release of Intella X’s proprietary wallet, the “IX Wallet.” And while the wallet is optimized for game services, it can interact with any DeFi application such as NFT launchpads, NFT marketplaces, DEXes, Bridges, and more.
Polygon x Neowiz
This collaboration between Polygon and Neowiz will be good for Intella X, considering it can take advantage of cheaper and faster transactions while at the same time preserving Ethereum’s robust security and decentralization. Eventually, the platform might look into integrating other blockchains.
Polygon has established a decent reputation for itself as a popular blockchain for Web3 gaming. It has already worked with several prominent game developers and publishers, including Wildcard, Ubisoft, Tilting Point, Animoca, and Atari.
With data for GameFi, another one-stop destination for Web3 gaming, showing a dip in user activity in July, Polygon could leverage its partnership with Neowiz. The data shows that there’s been a 21% month-on-month decrease in the total number of users on GameFi. Simultaneously, transaction activity was down 55% month-on-month and 737% year-on-year.
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