Web3 gaming platform Intella X has raised $12 million in funding ahead of its launch on the Polygon blockchain.
The platform, developed by South Korean gaming firm Neowiz in partnership with Polygon, aims to remove high entry barriers and improve user experience in web3 gaming through features such as streamlined wallet creation and meta transactions.
A number of prominent investors participated in the funding round, including Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Crit Ventures, JoyCity, Pearl Abyss, XL Games, Wemix, and Global Coin Research.
Intella X plans to reward contributors to its ecosystem, including game developers and users, through its native token and the redistribution of shares of its revenue back to the contributors through its decentralized revenue distribution protocol.
The platform is set to go live later in the first quarter and will include a proprietary web3 wallet, decentralized exchange, NFT marketplace, launchpad, and several games.
Intella X’s website shows a variety of upcoming games on its roster, including an MMO, a poker game, and a slots game, as well as several projects featuring the IP from Cats and Soup, a popular mobile game.
In conclusion, Intella X aims to revolutionize the gaming industry by providing a more accessible and user-friendly experience for web3 gamers, and incentivizing game developers and users through its revenue distribution protocol.
With $12 million in funding and a strong team behind it, Intella X is set to make a big impact when it launches later this quarter.