Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures
GameFi
It was on Could 31 that the co-founder of the RPG sequence Illuvium, Kieran Warwick, launched an announcement within the Discord group that he had raised a further $10 million in funding from Framework Ventures.
The cash raised will speed up the event of this recreation. This transaction is accomplished by a token, which will likely be locked for 2 years and won’t be included within the commit, so it won’t take part within the distribution of advantages.
Reportedly, Illuvium is a wholly decentralized collectible and role-playing recreation constructed on the Immutable X L2 community. Illuvium is about to launch a public beta with three interactive AAA video games: Zero (metropolis builder), Overworld (monster world), and Area (enviornment).
Based final yr by Kieran and Aaron Warwick, this RPG has created a recreation that rewards gamers with the possibility to find and seize NFT creatures, referred to as Illuvials, in fight. The sport incentivizes gamers to have a stake within the mission, because the Illuvium community permits in-game charges to be paid out to staked token holders as ongoing rewards.
In March 2021, Illuvium efficiently raised $5 million in a seed spherical led by one of many oldest enterprise capital funds within the decentralized finance, Framework Ventures. The mission has additionally obtained monetary help from IOSG Ventures, LD Capital, Delphi Digital, YBB Basis Ltd, Stake Capital, Moonwhale Ventures, Lotus Capital, Blocksync Ventures, Bitscale Capital, Quantstamp, Yield Guild Video games, Bitcoin.com, …
In mid-April 2022, Framework Ventures, a backer of Illuvium and Stardust, stated it could make investments $200 million in blockchain recreation initiatives following the launch of a $400 million fund.
DISCLAIMER: The data on this web site is offered as basic market commentary and doesn’t represent funding recommendation. We encourage you to do your analysis earlier than investing.
