[기업 코인 딥다이브] 네오위즈, '직접운영'서 '투자·협력'으로

Neowise's systematic retreat from direct blockchain operations—with contract liabilities down 5.9 billion won and cryptocurrency holdings reduced by 30%—exposes structural vulnerabilities in corporate tokenomics models. The complete shutdown of IntellaX ecosystem services (wallet, NFT marketplace, launchpad) eliminates the utility token's core use case, demonstrating that sustained corporate blockchain operations require more than token issuance. This strategic pivot toward selective Web3 investments may signal broader tech industry recognition that passive portfolio participation, not operational control, offers better risk-adjusted returns.