Pearl Abyss Invested In Intella X

Pearl Abyss has a history of investing in technology related to the play-to-earn business model. In November 2021, the company invested $3 million in Hyperreal, a Metaverse company, as part of a $7 million round of funding. Pearl Abyss also led a ₩3 billion round of funding into TUNiB, a "Natural language processing artificial intelligence start-up", that same month. Four weeks ago, the South Korean game company made another investment in play-to-earn technology.

On 17 January 2023, NEOWIZ issued the following press release:

SEONGNAM, South Korea, Jan. 17, 2023 /PRNewswire/ -- One of South Korea's leading game giants, NEOWIZ, has announced that it has successfully raised $12M in private funding for its Web3 gaming platform, Intella X, in anticipation of its upcoming launch on Polygon.

The raise included over +20 investors from various sectors and includes notable partners such as Polygon, Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Global Coin Research, Crit Ventures, JoyCity, Pearl Abyss, XL Games, and WEMIX.

As the next-generation Web3 gaming platform, Intella X's mission is to bridge the gap between Web2 and Web3 through unique platform protocols, services, and games.

"Develop and Earn", and "Contribute-Play and Earn"

What sets Intella X apart from its competitors is that the platform perpetually rewards the contributors of its ecosystem (i.e Game developers and users) with its native platform token, the Intella X token through its unique, rewarding service protocol, 'Proof of Contribution'.

Furthermore, the platform also redistributes shares of its revenue back to the contributors through its unique decentralized revenue distribution protocol to further exercise the fundamental values of Web3.

In combination with its one-of-a-kind service protocols and wide genres of games in its 2023 lineup, the platform offers additional features in an effort to remove high-entry barriers and to improve user experience in Web3.  From streamlined wallet creation to implementation of meta transactions, Intella X has set its mission on providing high-quality games and user-friendly environment to accelerate mass adoption.

Intella X is set to launch on Polygon in the first quarter of 2023 along with its proprietary Web3 wallet, DEX (Decentralized Exchange), NFT marketplace, launchpad, and games.

Intella X has a list of investors on its website.

Intella-X touts the following advantages for developers:

Discoverability and Accessibility: "For developers, the Intella X addon platform offers a one-of-a-kind platform solution for migrating existing or new gaming applications into Web3 while maintaining their presence, availability, and discoverability on traditional third-party stores. Simply put, developers can release their applications in major storefronts such as the Apple App Store and Google Play Store to retain their Web2 user base while increasing accessibility and discoverability to wider audiences."

Monetization/Payments: "Through Intella X, game developers do not have to abandon their existing monetization (i.e., in-app purchases, Ad revenue, subscriptions, etc.) or rely solely on Web3 monetization. Instead, by integrating Web3 components with Intella X, game developers not only retain their traditional revenue streams, but also supplement their sources with Web3 revenue through NFTs, marketplace, digital asset transactions, and even Intella X’s native platform token, Intella X (IX), via the innovative ‘Proof of Contribution’ protocol."

Proof of Contribution: "For developers, the protocol provides Web3 revenue stream on top of their traditional Web2 monetization features by perpetually rewarding game developers with the Intella X token based on the game’s contribution."

The play-to-earn function is listed by Intella X under the Proof of Contribution category.

For gamers, not only can users “Play and Earn”, but also “Contribute and Earn” native by providing various types of value contributions such as, providing liquidity, or staking in order to participate in the innovative protocol and earn the Intella X token.

When gamers see NFTs mentioned, they tend to run away. The Intella X service does support the sale of NFTs, or will in the near future thru its Launchpad and Marketplace services.

Launchpad: "NFT Launchpad is a place where game developers and NFT creators to showcase their projects, mint, and pre-sell NFTs, and generate buzz in the Intella X community.

"And through the Intella X NFT Launchpad, users can get hands-on exclusive, rare NFTs, ranging from unique artworks, PFP projects, and game assets. The launchpad service is a powerful search and discovery tool that allows users to easily find the hottest, upcoming NFT projects and get the opportunity to participate to earn rare NFTs in their collections."

Marketplace: "The NFT Marketplace for Intella X is the trading hub for all NFTs in the Intella X ecosystem. Game developers and NFT project creators can showcase their unique collections where users can buy, sell and trade rare NFTs from various projects."

Admittedly I did a lot of copy and pasting for this blog post. Then again, the writers whose articles I read did a lot of copy, pasting, and rewording themselves. I'm not sure how many people really understand this technology. But I do know that investors go crazy over the subject, so to attract investors, companies will invest or otherwise try to participate in what is hot. And after listening to Pearl Abyss' latest earnings call, they need all the help they can get.