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Publicly Traded Korean Firm Neowiz To Build Games on Avalanche Network

Publicly traded Korean game publisher Neowiz said Thursday it plans to build games on the Avalanche blockchain via its Web3 arm IntellaX. Korea has an appetite for esports and blockchain games, with a large fanbase for various gaming cultures and huge consumer interest. Neowiz has a 25-year track record of fun releases, like Cats & Soup, and is behind the highly anticipated Lies of P, a souls-like game inspired by Pinocchio and expected to be a top seller of 2023. The company notched $51 million in revenue last year. Avalanche Arcad3 is a collaborative Web3 gaming education program designed for traditional and crypto industry projects.

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