South Korean Publisher Neowiz Launches $10M Polygon Game Accelerator
GameFi
South Korean recreation writer Neowiz needs to fund the following era of Web3 video games on Ethereum scaling community Polygon by its crypto subsidiary Intella X’s new $10 million gaming accelerator.
The Intella X ecosystem at present provides a crypto pockets, decentralized change, and NFT market. Its accelerator fund was created in partnership with Polygon Labs in an effort to carry Web3 video games to the ecosystem.
Earlier this yr, Neowiz raised $12 million for Intella X from traders like Polygon Labs, main metaverse investor Animoca Manufacturers, multi-chain NFT market Magic Eden, and WeMix.
“Intella X’s grant program will present recreation builders much-needed alternative and means for extra nice video games to be constructed within the Polygon ecosystem,” Polygon Labs Vice President and International Head of Enterprise Growth Urvit Goel advised Decrypt. “Our hope is these new video games will bolster Web3 gaming adoption and additional solidify Polygon’s place as the house of Web3 gaming.”
Potential grant recipients can anticipate to attend a couple of weeks to a month for a response, and people chosen to maneuver ahead within the grant course of should bear an interview and a due diligence interval, in keeping with a launch. There isn’t any typical grant quantity for the accelerator, the agency stated, and the quantity given will range relying on the mission.
Korean recreation writer Neowiz is one among many conventional recreation publishers exploring the chances of Web3 gaming. Based in 1997, Neowiz has launched all kinds of video games, from cellular titles to indies and PC video games—it’s the corporate behind video games just like the DJMax collection, Crossfire, Courageous 9, Sanabi, Lies of P, and Tapsonic.
Whereas Intella X is trying to construct out its roster of Web3 video games, it already has a couple of titles within the ecosystem. It has two Web3 variations of in style cellular recreation Cats & Soup in improvement, and can also be creating the RPG Courageous 9 and the shooter A.V.A. in Web3. It’s additionally residence to the Web3 spinoff of the cellular MMORPG EOS Purple, which can be known as EOS Gold.
Neowiz’s push into Web3 gaming through Intella X comes as different giant publishers within the Asian market dive into crypto. Sq. Enix, Nexon, Krafton, NCSoft, Netmarble, and Com2Us are a couple of of the numerous Japanese publishers which are at present creating Web3 video games—whereas only some within the West have made such commitments.
