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Submission: On January 04 via api from FI — Scanned from NL
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* NFT News * Blockchain Games News * Metaverse News * Industry News * On-chain NFTs * Collectibles News * Crypto Art News * Education * Interviews * About us * Contact us * How to Get Your Story Covered * Follow us on Social Media * Twitter * Telegram * Facebook * LinkedIn * TikTok * About us * Advertise * Sponsored * How to Get Your Story Covered * NFT News * On-chain NFTs * Education * Industry * Web3 * Metaverse * Blockchain Games * Collectibles * Interviews dark * Blockchain Games News * Industry News * Web3 News 2 minute read NEOWIZ LAUNCHES $10M GRANT PROGRAM FOR WEB3 GAMES ON POLYGON Nicholas Kitonyi May 3, 2023 The South Korean game publisher’s latest gaming initiative comes following a $12 million funding round announced in January 2023. Image source: Polygon Total 0 Shares 0 0 0 0 Last Updated on May 18, 2023 Quick take: * Neowiz has launched a $10 million accelerator with Polygon Labs. * The grant program will fund blockchain games on the Layer 2 Ethereum scaling protocol. * The announcement comes on the back of a $12 million fundraising for its gaming ecosystem Intella X announced in January this year. Neowiz has collaborated with Polygon Labs to launch a $10 million accelerator program. The South Korean gaming company will use the grant program to finance web3 games built on the Layer 2 Ethereum scaling protocol. The announcement comes barely three months after Neowiz completed a $12 million funding round for its blockchain gaming ecosystem Intella X. The grant program is part of the company’s strategy of onboarding new games to its ecosystem. Intella X offers a non-fungible token (NFT) marketplace, a decentralised exchange service and a crypto wallet to its community. Commenting on the announcement, Jose Ko, CEO of Intella X said the program will not only help nurture a thriving gaming ecosystem but also actively shape the future of Web3 gaming. “At Intella X, we understand game developers fuel the Web3 gaming revolution. Our $10M gaming initiative grant program is designed to spark their creativity and equip them with crucial resources and support to create groundbreaking gaming experiences,” said Ko. According to the announcement, the evaluation period, which includes an interview and due diligence by the Intella X Grant Committee will take a few weeks up to a month. Applicants can submit their applications through the Intella X homepage. The committee has adopted a holistic approach to evaluating the projects and will consider factors such as potential impact, innovation, feasibility, sustainability, and alignment with Intella X’s objectives. Polygon Labs Vice President and Global Head of Business Development Urvit Goel believes the program will provide game developers on Polygon with much-needed opportunity and means to build more great games, Decrypt reported. “Our hope is these new games will bolster Web3 gaming adoption and further solidify Polygon’s position as the home of Web3 gaming,” said Goel. Neowiz’s foray into web3 gaming has seen it form partnerships with some of the leading players in the blockchain space. Its web3 gaming platform Intella X is developed in partnership with MODORI, an investment company focused on blockchain technology. Modori also provides development, consulting, and investment solutions to blockchain companies. The Korean game publisher’s partnership with Polygon was first announced in August 2022, when it revealed its plans to bring some of its most popular gaming IPs, including ‘Cats & Soup’ and ‘Brave Nine’ to web3 through Intella X. **** Stay up to date: Subscribe to our newsletter using this link – we won’t spam! * Google News * Twitter * Telegram * LinkedIn * Facebook * TikTok PREVIOUS POST * Industry News * Web3 News A LOOK INTO GOOGLE CLOUD’S RECENT WEB3 INITIATIVES May 3, 2023 NEXT POST * Industry News * Web3 News DIAGRAM LAUNCHES $100M THIRD FUND, WITH BLACKSTONE ALUM TO LEAD WEB3 INITIATIVES May 4, 2023 Latest stories * Industry News Raiser Launches Merit-Based Investment Model for Web3 Investors byNicholas Kitonyi January 2, 2024 * Industry News * Web3 News Decentralised Storage Platform CESS Secures $8M to Expand Global Operations byNicholas Kitonyi December 29, 2023 RELATED POSTS 3 min * Industry News * NFT News eBay Playing the Future Card as It Prepares to Unveil Strategy for Crypto and NFTs Global e-commerce marketplace eBay says it will unveil its grand plan for cryptocurrency payments and NFTs in its upcoming investor conference in March. Nicholas Kitonyi February 28, 2022 Read More 2 min * Industry News * NFT News GET Protocol Is Proving to be a Use Case for NFTs as It Issues NFT Tickets for Famous Artists The ticketing platform of rappers Gucci Mane and Lupe Fiasco has integrated GET Protocol to issue NFT tickets for concerts. Cindy Tan May 30, 2022 Read More 2 min * Industry News * NFT News Japan’s SMBC Joins the Web3 Race in Partnership with HashPort Japanese banking giant has joined a growing list of venture capital firms teaming up with Web3 startups to invest in NFTs. Nicholas Kitonyi July 25, 2022 Read More NFTgators. All Rights Reserved (C) 2024 * About us * Contact us * Advertise * Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. Do not sell my personal information. 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