Illuvium, a rising star in the blockchain gaming space, recently announced the successful completion of a $12 million funding round led by Arrington Capital, King River Capital, Animoca Brands, and The Spartan Group. This round of financing also attracted participation from investors such as GolderChain and Arca. The funds will be used to expand its gaming product line and enhance the player experience. It's worth mentioning that Illuvium had raised $72 million through a land sale event in June 2022.
According to Illuvium's latest roadmap, the studio plans to open pre-registration for Private Beta4 from April 15th to April 30th. Subsequently, Private Beta4 will be launched from April 30th to May 28th, during which 10,000 lucky players will have the opportunity to experience the game on the testnet and have a chance to receive the first batch of airdrop tokens. After May 28th, the Beta testing phase will commence, accessible externally via the Epic Games platform, expected to last 2 to 4 weeks. During this period, 10% of the Play-To-Airdrop ILV pool will be distributed, with airdrops to the first batch of players at the end of this phase. The launch date of the mainnet Beta version is yet to be determined. Within the first 5 months after launch, the remaining 90% of the Play-To-Airdrop ILV pool will be distributed.
Now let's delve into this gaming project.
Launched by a co-founder of Synthetix and built on Immutable X: Is Illuvium poised for success?
Illuvium, an open-world GameFi game built on the Ethereum network, is redefining the boundaries of blockchain gaming with its unique gameplay mechanics and outstanding gaming experience. It ingeniously merges elements of decentralized finance (DeFi) and gaming (GameFi), offering players not only an immersive world to explore but also opening up new avenues for earning income and participating in project governance through gameplay.
Illuvium's economic model revolves around its native currency ILV, which serves as both the means for players to earn rewards in-game and as a crucial component of project governance. Leveraging Ethereum's layer 2 scaling solution, Immutable X, Illuvium significantly reduces gas fees for NFT transactions, enabling players to freely trade their Illuvials on the secondary market, truly achieving full ownership of in-game assets.
Launched in January 2021 by Kieran Warwick and Aaron Warwick, brothers of Synthetix co-founder Kain Warwick, Illuvium marks a new chapter in immersive open-world RPG gaming. Players start with custom characters, select accompanying drones, explore vast open worlds, battle and capture Illuvials they encounter, which can then be forged into NFTs. The game offers five unique gameplay mechanics or modes, allowing players to find their place in this diverse gaming world.
Illuvium's technical choices demonstrate an uncompromising pursuit of quality. "Illuvium: Overworld" and "Illuvium: Arena" are developed using the cutting-edge Unreal Engine 5, providing graphics and gameplay experiences beyond industry standards. "Illuvium: Zero" leverages the powerful capabilities of the Unity3D engine, ensuring seamless experiences across various devices. Additionally, Illuvium's backend infrastructure is hosted on Amazon Web Services, built using a serverless model, ensuring data integrity and high availability.
Through these innovative designs and technical choices, Illuvium not only provides players with a rich gaming world full of challenges and exploration but also sets new standards for the future development of blockchain games, showcasing the potential for a more open, interactive, and mutually beneficial gaming ecosystem.
Core to land, managed by DAO: What are the other features of Illuvium's economic model?
Illuvium's game economy constructs a complex and interdependent ecosystem aimed at balancing supply and demand while providing players with an engaging and rewarding experience. The core of this economic model is fuel, serving as the primary medium of exchange for all in-game purchases, assets, and services, showcasing the innovation and interactivity of the game economy.
Fuel not only forms the basis of in-game transactions but also serves as a bridge connecting landowners and players. Landowners can upgrade their plots and monetize their land by generating fuel and selling it to other players through fuel pools, creating real-world value for players participating in the game.
The game economy is divided into two main categories: supply games and demand games. Supply games, such as Illuvium Zero and Illuvium Overworld, promote fuel generation and item production, while demand games, such as Illuvium Arena and Illuvium Beyond, consume these resources, driving market demand for fuel and items. This supply-demand balance ensures the preservation of resources and maintains relevance with the gaming experience.
Illuvium's economic model is designed to dynamically respond to fluctuations in supply and demand by adjusting the game economy to market changes. For example, if fuel supply is insufficient to meet demand, the DAO may take measures to increase supply, such as selling more plots of land or introducing new game features and mechanisms.
As the game evolves, more Illuvial sets will be introduced, with the community managed by the Illuvium DAO playing a crucial role in deciding the release of these collections. This not only increases the diversity of the game but also enhances the rarity and value of early sets.
To address the challenges of rapid development in digital gaming, Illuvium has adopted a decentralized autonomous organization (DAO) governance model, emphasizing community involvement and transparency. The Illuvinati Main Committee (IMC), serving as the game's guiding council, comprises representatives elected by $ILV token holders, reflecting a commitment to a community-driven approach. This governance model not only fosters a diverse and vibrant development environment but also ensures that the game's economy and direction reflect the will and needs of the community.
Through this innovative economic model and governance structure, Illuvium not only provides players with a rich gaming experience but also sets a new benchmark in the blockchain gaming space.
How to claim Illuvium airdrop points in 5 easy steps
The release of Illuvium's new roadmap and Private Beta 4 (PB4) signals that players are about to embark on a series of testing and exploration opportunities. By participating in Private Beta 4 and public beta testing, players can not only experience the game and uncover potential issues but also have the chance to earn airdrop points.
The specific arrangements are as follows:
1.The pre-registration period will kick off on April 15, 2024, encouraging players to join early to accumulate airdrop points.
2.PB4 Madness will take place from April 30 to May 28, 2024, during which elite player teams will be selected to conduct comprehensive testing on the test network.
3.The public beta test network will launch on May 28, accessible to all players via the Epic Games launcher.
4.Following rigorous stress testing and final adjustments, the public beta mainnet will officially go live.
5.Throughout all stages, players' airdrop points will continue to accumulate.
