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

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Poly­gon announced a part­ner­ship with gam­ing pub­lish­er Neow­iz to launch a new Web3 gam­ing plat­form called Intel­la X, sup­port­ed by its native IX token.

Neow­iz is a mul­ti-plat­form devel­op­er found­ed in 1997 and head­quar­tered in South Korea. Its line­up includes a diverse range of indie AAA titles, such as the rhythm game DJ MAX RESPECT V and 2D plat­former Skul: The Hero Slay­er.

The tie-in will see pop­u­lar Neow­iz titles, includ­ing Cats & Soup and Brave Nine, port­ed over to the new plat­form and giv­en a Web3 twist. 

Polygon to develop IX token infrastructure

Poly­gon explained that con­trib­u­tors and users of the Intel­la X plat­form will have own­er­ship rights and the oppor­tu­ni­ty to receive a cut of the rev­enues. Under­pin­ning this is the native IX token.

“Exer­cis­ing the core prin­ci­ples of user own­er­ship in Web3, Intel­la X is designed to dis­trib­ute the shares of all gen­er­at­ed rev­enue back to the con­trib­u­tors of the ecosys­tem.

There will be sev­er­al ways to become a con­trib­u­tor and gen­er­ate earn­ings. For exam­ple, token hold­ers can stake or pro­vide liq­uid­i­ty via the “pro­pri­etary DEX” to earn IX yield. As expect­ed, game­play will also gen­er­ate IX tokens, with fur­ther oppor­tu­ni­ties to make IX by swap­ping unique in-game tokens via the exchange.

Under “Devel­op and Earn,” game devel­op­ers build­ing and pub­lish­ing on Intel­la X also get to par­tic­i­pate. Not only will they be com­pen­sat­ed in the native token, but rev­enues gen­er­at­ed via in-app pur­chas­es and rel­e­vant fees will also be paid in IX.

“The algo­rithm con­sid­ers both on-chain and off-chain data to deter­mine the con­tri­bu­tion rate for each developer’s game. This allows devel­op­ers to focus on what they do best with­out wor­ry­ing about oth­er fac­tors to earn their shares of the month­ly dis­trib­uted rewards.

The in-house “IX Wal­let” is opti­mized for game ser­vices but will be com­pat­i­ble with any DeFi appli­ca­tion, with Poly­gon list­ing DEX­es, Bridges, NFT Launch­pads, and NFT Mar­ket­places as examples.

GameFi activity declined in July

Data for Game­Fi per­for­mance in July saw a fall in user activ­i­ty. The total num­ber of users showed a 21% month-on-month decrease. At the same time, trans­ac­tion activ­i­ty was down 55% month-on-month and down 737% year-on-year.

How­ev­er, despite the drop-off, it seems ven­ture cap­i­tal­ists are not con­cerned, as VC invest­ment was up 17% com­pared to June and up 126% year-on-year.

Poly­gon said work­ing with Neow­iz is anoth­er step toward becom­ing the lead­ing Web3 gam­ing platform.



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