As we ride through the current crypto bear market the gaming sector has been thriving with new stories and announcements coming on a regular basis.
This recent news comes from crypto heavyweights Polygon as they have teamed up with the South Korean online game publisher, Neowiz.
Together these 2 blockchain companies have curated ‘Intella X’.
Announcing the collaboration
Polygon took to Twitter early today to announce the new collaboration:
“Polygon and Neowiz have teamed up to launch blockchain gaming platform, TeamIntella, bringing Neowiz’s popular gaming IP, including “Cats & Soup” and “Brave Nine”, to Web3 for the first time.”
Polygon is based atop of the Ethereum and is a Layer 2 solution. The cutting edge tech behind this has caused previous companies to collaborate with them on projects such as Mercedes Benz, the infamous car manufacturer from Germany.
Coca Cola are also in talks with Polygon in relation to releasing a Non Fungible Token (NFT) collection.
It is clear that Polygon is rubbing shoulders with some of the biggest household names. With all of the activity from institutional investors in the world of Web3 maybe the downward trend has been a part of their plan to invest the whole time?
After all the overall scale and possibilities with Web3 have proven when done ethically and with an actual product/service, the sky’s the limit.
Who is Neowiz?
Residing from Asia Neowiz specialises in online crypto games, with a vast catalogue behind them.
Popular titles from this company include ‘Cats & Soup’, ‘Brave Nine’, ‘House of Slots’ to name a few.
As a result of their current success these titles and other prevalent ones will be fully integrated onto the Intella X platform in 2023.
Neowiz has been around since 1997 creating primarily triple A indie games.
Previously however their website shows previous work crossing over into what would be considered now to be blockbuster game titles, FIFA Online & Battlefield Online.
What features are included?
As we have covered, users are able to play games via the blockchain enjoying their full experience.
With this being Web3 there is a lot more on offer. The first offering comes in the form of staking as players are able to stake and provide the native token in the decentralised exchange provided by Neowiz. The platform’s token is the IX token.
If you are a Web3 developer then there are also further opportunities to earn with the ‘Develop and Earn’ initiative. Contributors to the Intella X system are paid out in IX token.
To follow the release of Intella X, Neowiz are releasing a dedicated crypto wallet called IX Wallet. Further access to NFT marketplaces, bridges, NFT launchpads to name a few.
It is clear there is a lot of potential for Intella X when looking into the future. The incentives given to users should hopefully attract users to the platform.
Current bear markets could turn bullish if announcements such as this keep popping up.
However it is important to always do your due diligence on topics related on crypto and blockchain technology due to complexities found within them. Research is key before investing on anything you see on the internet!