Korean recreation developer Neowiz plans to construct video games on the Avalanche

• Neowiz is a publicly traded Korean recreation writer.
• The sport writer will construct the video games utilizing its Web3 arm known as IntellaX.
• Avalanche is attracting fairly a lot of blockchain tasks together with AllianceBlock’s Arkefi.

Neowiz, a publicly traded Korean recreation writer, introduced on Thursday that its Web3 division, IntellaX, will create video games on the Avalanche blockchain.

With a large fan base for a lot of totally different gaming cultures and a major quantity of shopper curiosity, Korea is hungry for esports and blockchain video games. To that finish, native companies like Neowiz, which is among the prime 5 Korean gaming firms by market worth, have seen their valuations rise in consequence.

Neowiz’s video games on Avalanche

Neowiz has a 25-year historical past of entertaining product releases. Its releases embody Cats & Soup, and it’s also the developer of the much-anticipated Lies of P, a Pinocchio-inspired souls-like recreation that’s more likely to be a prime vendor in 2023.

Taegeun “Andrew” Bae, the co-CEO of Neowiz, revealed in the course of the ceremony on Thursday that the enterprise generated $51 million in income within the earlier yr.

Neowiz seeks to leverage Avalanche Arcad3’s energy for its upcoming video games by having Intellax construct video games on Avalanche. The collaborative Web3 gaming schooling program Avalanche Arcad3 was created for conventional and cryptocurrency sector tasks.

Disclosing his pleasure, the top of gaming at Ava Labs, Ed Chang, mentioned that they may “not be extra excited to be collaborating with Neowiz and persevering with to increase our sturdy gaming community in South Korea.” He went forward so as to add that “having such an skilled recreation writer be a part of Arcad3” would strengthen the entire program, and that “the experience of the primary Arcad3 cohort will place Neowiz to make the very best entry into Web3 gaming.”