Prior to Its Q1 Launch, Polygon-backed Web3 Gaming Platform Intella X Raises $12 Million

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Last Updated on January 18, 2023 by Bitfinsider

Prior to its planned launch on Polygon, the Web3 game platform Intella X raised $12 million in funding.

There were a number of investors, including Polygon, Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Crit Ventures, JoyCity, Pearl Abyss, XL Games, Wemix, and Global Coin Research.

Neowiz, a South Korean gaming company, collaborated with Polygon to create Intella X. It advertises itself as a next-generation gaming platform that uses features like simplified wallet creation and meta transactions to lower entry barriers and enhance user experience in web3.

Through its native currency and its decentralized income distribution algorithm, the platform will reward participants to its ecosystem, such as game developers and users, as well as them with shares of its profits.

The deployment will also feature Intella X’s proprietary web3 wallet, decentralized exchange, NFT marketplace, launchpad, and several games, all of which are scheduled to launch later in the first quarter.

On its website, it lists a number of future titles, including an MMO, a poker game, and a slots game. Additionally, it has a number of initiatives that use the Cats and Soup IP, a well-known mobile game.

The collaboration between Neowiz and Polygon to develop the platform was first revealed last year.

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