South Korean game publisher Neowiz plans to fund the next generation of Web3 games on Ethereum scaling network Polygon through its crypto subsidiary, Intella X's new $10M gaming accelerator. The accelerator fund was created in partnership with Polygon Labs to bring Web3 games to the Intella X ecosystem, which currently offers a crypto wallet, decentralized exchange, and NFT marketplace.
Neowiz raised $12M for Intella X earlier this year from investors like Polygon Labs, Animoca Brands, Magic Eden, and WeMix. The accelerator has no typical grant amount, and the amount given will vary depending on the project. Other Asian game publishers, such as Square Enix, Nexon, and Krafton, are also developing Web3 games.
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