A Web3-gaming platform Intella X on the Polygon network has raised $12 million in private funding.
Great news, Intella X team has successfully raised $12 million in private funding! We’d like to take this moment to thank @0xPolygon, @animocabrands, @MagicEden, @BigBrainVC, @Globalcoinrsrch, Crit Ventures(@Com2uS), @planetariumhq, @WemixNetwork, and all the other investors pic.twitter.com/mBjYVU7Zht
— Intella X (@TeamIntella) January 18, 2023
The project from South Korea’s gaming giant Neowiz was backed by more than 20 investors, including Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Global Coin Research, WEMIX and the Polygon team.
Intella X positions itself as a comprehensive platform for Web3 games. The solution includes its own decentralised exchange, an NFT marketplace, a token-launch platform, developer integration tools, and a simplified crypto wallet.
To incentivise ecosystem participants—both game developers and users—Intella X uses a native token.
What really sets Intella X apart from the rest is the fact that it rewards contributors of its ecosystem (i.e game developers and users) with native Intella X token 🪙
AND that’s not all 🤩
— Polygon Gaming (@PolygonGaming) January 18, 2023
The team will devote the funding to the final refinements of the products. The platform is slated to launch in the first quarter of 2023.
As noted, Union Square Ventures co-founder Fred Wilson warned investors of the serious risks of investing in Web3 projects.
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