Quick take:
- Users can play games and earn Intella X’s native token, IX.
- Projects that build and release on Intella X will be compensated with IX token.
- At launch, Intella X will release two social casino games, ‘House of Poker’ and ‘House of Slots’.
Polygon today announced that it has teamed up with South Korean multi-platform video game development and online publishing giant, Neowiz Corporation, to launch a brand new Web3 gaming platform named Intella X.
The platform will bring some of Neowiz’s popular gaming IPs, including ‘Cats & Soup’ and ‘Brave Nine’ to Web3 for the first time.
Exercising the core principles of user ownership in Web3, Intella X is designed to distribute the shares of all generated revenue back to game developers and users. Users can begin earning the platform’s native token, IX, by providing liquidity in the proprietary DEX and earning yield from Intella X’s native IX Token.
Additionally, users can earn IX by playing individual games and subsequently swapping any unique game tokens offered for IX through the exchange. Running on what Polygon calls a “develop-and-earn” system, Intella X will compensate projects that build and release on the platform in IX Token and with a cut of the platform’s revenue, including in-app purchases, relevant fees, and more.
The platform’s algorithm considers both on-chain and off-chain data to determine the contribution rate for each developer’s game, allowing game developers to focus on building games while earning their shares of monthly distributed rewards.
At launch, Intella X’s lineup will include two social casino games, House of Poker and House of Slots. A host of Neowiz fan favourites are also slated for release, including the popular Cats & Soup, Alliance of Valiant Arms (A.V.A), Crypto Golf Impact, and Brave Nine. Multiple new blockchain games from the popular IP are also expected to launch in 2023, alongside a new PFP NFT project titled Early Retired Cats Club.
Also launching alongside the platform is Intella X’s proprietary wallet, “IX Wallet.” This wallet is optimised for game services but can also interact with any DeFi application such as DEXes, Bridges, NFT launchpads, NFT marketplaces, and more.
Intella X is being built on top of Polygon’s network to leverage cheaper and faster transactions while maintaining Ethereum’s robust security and decentralisation. The platform plans to integrate other blockchains in the future.
Polygon has become a popular blockchain for Web3 gaming, and already works with several prominent gaming developers and publishers, including Atari, Ubisoft, Animoca, Wildcard, and Tilting Point.
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