Polygon, Neowiz join forces to build new Web3 gaming platform Intella X

polygon Announced partnership with game publisher Neowiz A new Web3 gaming platform called Intella X, natively supported by IX tokens.

Neowiz is a multi-platform developer founded in 1997 and headquartered in South Korea.Lineup of various indie AAA titles such as rhythm games DJ Max Respect V and 2D platformer Skull: Hero Slayer.

The tie-in will show Neowiz’s most popular titles. Cats & Soup and Brave Nine have been ported to new platforms with a Web3 twist.

yesterday’s @kbwofficialannounced that it will partner with Neowiz to launch INTELLA X, a blockchain gaming platform (@Team Intella), Neowiz’s popular game IP such as “Cats & Soup” and “Brave Nine” #web3 first time

https://t.co/rUg7acdOIK pic.twitter.com/Pu9Mx5Ls6w

Polygon MATIC (@0xPolygon) August 10, 2022

Polygon to develop IX token infrastructure

polygon explained that contributors and users of the Intella X platform own ownership and have the opportunity to receive a portion of the proceeds. Underpinning this is the native IX token.

Intella X, implementing core principles of user ownership in Web3, is designed to distribute a portion of all revenue generated to ecosystem contributors.“

There are several ways to become a contributor and earn money. For example, a token holder can say “Earn IX yields using your own DEX.As expected, gameplay also generates IX tokens, with swaps giving even more opportunities to create IX Unique in-game tokens by exchange.

Develop and Earn also invites game developers building and publishing with Intella X. In addition to being compensated with native tokens, In-app purchases and related fees are also paid with IX.

The algorithm considers both on-chain and off-chain data to determine each developers contribution to the game. You can focus on what you do best without worrying about the“

In-house IX Wallet iAlthough optimized for gaming services, it is compatible with any DeFi application, using DEX, Bridge, NFT Launchpad, and NFT Marketplace from the Polygon list as examples.

GameFi activity dropped in July

GameFi performance data for July showed a decline in user activity. The total number of users decreased by 21% from the previous month. At the same time, trading activity was down 55% month-on-month and 737% year-on-year.

But despite the decline, venture capitalists don’t seem to worry, as VC investment was up 17% compared to June and 126% year-over-year.

Polygon says working with Neowiz is another step towards becoming a leading Web3 gaming platform.