Neowiz has received more than $12 million in investment in a private funding round for its Web3 gaming platform, Intella X.
Intella X is one of the most important revolutionary products to date. It is a Web3 gaming platform whose main objective is to bridge the gap between the Web2 and Web3 worlds through unique platform protocols, services and games.
Its two main features are centered on the Develop and Earn, and the Contribute, Play and Earn models. Thus, the main distinctive feature of Intella X’s platform is the model of rewarding model, being specifically aimed at developers and users of each game.
Develop and Earn: game developers contribute to the ecosystem through the development and implementation of high quality game content aimed at ecosystem users.
Contribute, Play and Earn: users can contribute to the ecosystem through the games offered by the platform, as well as by granting liquidity within the ecosystem. In this way, they will then be eligible for the distribution of rewards to active users who contribute to the ecosystem.
PROTOCOL, REWARDS AND CONTRIBUTORS
In this sense, the rewards are materialized through the native token of its platform, called IX, and shares of the platform’s revenues in various cryptoassets; through the contribution service protocol: Proof of Contribution.
Unlike miners or validators who are rewarded for processing and validating data on the blockchain, the Proof of Contribution model rewards platform contributors without the need to run any hardware or software on a blockchain.
Proof of Contribution collects data, both on-chain and off-chain, to perform a calculation of the contribution made by each game developer, then determine how many native token parts they have released each month, as well as reward shares for Intella X users.
Intella X provides services through the platform such as its own Web wallet3 as a browser extension, a DEX service, a Launchpad, an NFT Marketplace, among others.
Wallet IX is a Web3 wallet optimized for the Intella X ecosystem games. Among its main features, it has seamless account login flow, and public key infrastructure so that users are always in control of their ownership and access to their key pair.
MORE ABOUT INTELLA X
Their scheme has managed to convince a good amount of investors to contribute to the launch of the platform, so they have raised more than $12 million in private funding.
As a result, they have also successfully engaged more than 30 top-tier global partners from different sectors. These sectors range from investments, gaming, blockchain services, to security for scalability and acceleration of various Web3 games using Intella X.
Partners include Polygon, Magic Eden, Animoca Brands, XL Games, Neon Games, Kracker Labs, Crit Ventures, Kross Lab, CertiK, Aurumgames, ConsenSys (Infura), Planetarium Labs, Global Coin Research, Big Brain Holdings, among many others.
The team maintains that through the support of its high-level partners, Intella X will develop into a major global Web3 gaming ecosystem hub that will implement Web3’s core values and innovators in Web3 gaming.
Recently, they have announced through their official Medium account, a latest update to their Whitepaper, in order to provide the most transparent level of information to the community, which can be accessed freely through the following link link.
Intella X’s platform will be available in the first quarter of 2023 on Polygon’s network, along with its Web3 wallet, decentralized exchange, NFT marketplace, among other services.
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Written by Luciano Garriga (TW:@luchogarriga) for NFT Express