Neowiz has a 25-year history of entertaining product releases. Its releases include Cats & Soup, and it is also the developer of the much-anticipated Lies of P, a Pinocchio-inspired souls-like game that is likely to be a top seller in 2023.
Taegeun “Andrew” Bae, the co-CEO of Neowiz, revealed during the ceremony on Thursday that the business generated $51 million in revenue in the previous year.
Neowiz seeks to leverage Avalanche Arcad3’s power for its upcoming games by having Intellax build games on Avalanche. The collaborative Web3 gaming education program Avalanche Arcad3 was created for traditional and cryptocurrency sector projects.
Disclosing his excitement, the head of gaming at Ava Labs, Ed Chang, said that they could “not be more excited to be collaborating with Neowiz and continuing to expand our robust gaming network in South Korea.” He went ahead to add that “having such an experienced game publisher join Arcad3” would strengthen the whole program, and that “the expertise of the first Arcad3 cohort will position Neowiz to make the best possible entry into Web3 gaming.”
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