Sandeep Nailwal, co-founder of Polygon, has started a new venture capital fund titled Symbolic Capital. The company will focus on startups from emerging markets and help bolster the mass adoption of Web3 globally.

South Korean developer and publisher Neowiz Corporation has announced its decision to step into the blockchain field. As part of this strategy, the company teamed up with Polygon to launch gaming platform Intella X and bring some of its IPs to Web3.

Playful Studios has raised $46 million to launch The Wildcard Alliance subsidiary and bring fun into Web3 gaming. The team is now working on blockchain-based title Wildcard, which combines elements of MOBA, RTS, and collectible card games.