Home - Blockchain - Polygon and Neowiz launch a web3 gaming platform


August 9, 2022

Polygon and Neowiz launch a web3 gaming platform

Polygon, an Ethereum layer-2 scaling solution, announced cooperation with South Korean game giant Neowiz on Tuesday to establish a new blockchain-based gaming platform called Intella X.

Intella X, like many other blockchain-based game platforms, is intended to generate revenue for its players, developers, and other contributors who support its development. When customers stake or provide liquidity on the decentralized exchange (DEX) offered by the firm, they get these earnings.

On Intella X, players will be able to earn in-game incentives that may be exchanged for the platform’s governance token, the IX token.

In the release, Polygon and Neowiz also said that developers would be able to take advantage of Intella X’s “Develop and Earn” program, which enables game makers to gain prizes depending on their contribution to the system.

“Projects that create and release on Intella X will be reimbursed with IX Tokens and a portion of the platform’s income, which includes in-app purchases, applicable fees, and more. This method is called “Develop and Earn.” [. . .] This enables developers to concentrate on what they do best without having to worry about other aspects in order to receive their portion of the monthly allocated benefits, according to the study.

Intella X is anticipated to arrive with a blockchain wallet named IX Wallet, according to Polygon. The wallet will be intended to incorporate access to various services like as bridges, non-fungible token (NFT) launchpads, NFT markets, decentralized exchanges (DEXs), etc.

Although no launch date for Intella X has been revealed, Polygon has said that the game platform will spread to additional blockchain networks in addition to Polygon’s mainnet.

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In response to the fast expansion of leading platforms in the gaming finance (GameFi) sector, such as Axie Infinity, an increasing number of businesses have joined the bandwagon.

The developer behind the famous memecoin Shiba Inu disclosed last week that it is developing a test for its Shiba Eternity blockchain game, after anticipating its development in late 2021.

According to a previous report, the Singapore-based blockchain business Zilliqa collaborated with the blockchain gaming platform Alien World to increase the popularity of blockchain games.