The Polygon team announced their partnership with Neowiz Corporation, a major player in internet publishing and video game production located in South Korea, on Tuesday. Through the cooperation, the two platforms plan to introduce a blockchain-based gaming platform that will first introduce some of Neowiz’s well-known gaming IPs to Web3.
In a recent blog post, Polygon made the following said,
“We’re delighted to reveal that Polygon is teaming up with the massively popular Neowiz Corporation … Together, we will launch a brand new Web3 gaming platform, dubbed Intella X”
Two social casino games and a number of Neowiz fan favorites will be available when the Intella X is first released. In terms of upcoming releases, Polygon disclosed,
“Multiple new blockchain games from the popular IP are also anticipated to launch in 2023, alongside a new PFP NFT project…”
Polygon begins to reign Web3 gaming space
Due to Intella’s use of the “Develop and Earn” concept, the gaming platform is set up to return a portion of every revenue made to ecosystem contributors. Users can participate in many different ways and receive rewards in return. They can start out by either staking or offering liquidity in the exclusive DEX and earning yields from Intella X’s native IX Token.
It is important to note that the firm will also develop its own wallet, called “IX Wallet,” at this point. The wallet, which is built on top of Polygon’s network, may communicate with any other DeFi applications while also being designed for game services.
Additionally, users can acquire IX by participating in specific games and exchanging any special game tokens made available for IX via the exchange. The blog stated that IX Token will be used as payment for projects that develop and released on Intella X.
The enthusiasm surrounding gaming has partially subsided over the previous few months. However, since the start of June, things have begun to get better.
Examining how quickly users have been completing transactions focused on gaming NFT is one method to gauge how robust the space is still. Transactions in the aforementioned genre have recently begun to rise, suggesting that players have started returning to the field.
Working with game publishers and developers such as Atari, Ubisoft, Animoca, Wildcard, and Tilting Point has given Polygon time to establish itself and take the lead in the Web3 gaming market. The most recent cooperation is probably going to solidify and advance Polygon’s position in this market now that the gaming craze has been reignited.