Cumulative financing of 72 million USD, a new round of airdrop begins: Can Illuvium become a hit?
The rising star in the blockchain gaming field, Illuvium, recently announced the successful completion of a $12 million funding round led by Arrington Capital, King River Capital, Animoca Brands, and The Spartan Group, with participation from investors such as GolderChain and Arca. This funding will be used to expand its game product line and enhance player experience. Notably, Illuvium 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 Beta 4 from April 15 to April 30; subsequently, Private Beta 4 will launch from April 30 to May 28, during which 10,000 lucky players will have the opportunity to experience the game on the testnet and earn the first batch of airdrop points; after May 28, the Beta testnet phase will begin, open to the public via the Epic Games platform, expected to last 2 to 4 weeks, during which 10% of the Play-To-Airdrop ILV prize pool will be allocated, with airdrops distributed to the first players after this phase ends; the launch date for the mainnet Beta version is yet to be determined, and within 5 months after launch, the remaining 90% of the Play-To-Airdrop ILV prize pool will be distributed.
Here’s an introduction to this game project.
Launched by the co-founder of Synthetix, based on Immutable X: Is Illuvium breaking out?
Illuvium, an open-world GameFi game built on the Ethereum network, is redefining the boundaries of blockchain gaming with its unique game mechanics and exceptional gaming experience. It cleverly integrates elements of decentralized finance (DeFi) and gaming (GameFi), providing players with an immersive exploration world while opening up new avenues for earning income through gaming and participating in project governance.
The economic model of Illuvium centers around its native currency, ILV, which serves as both a means for players to earn rewards in the game and a key to participating in project governance. By utilizing Ethereum's Layer 2 scaling solution, Immutable X, Illuvium significantly reduces the gas fees for NFT transactions, allowing players to freely trade their Illuvials on secondary markets, truly achieving complete ownership of 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 by customizing their characters, choosing accompanying drones, exploring vast open worlds, battling and capturing Illuvials they encounter, which can then be minted as NFTs. The game offers five unique game mechanics or modes, allowing players to find their place in this diverse gaming world.
Illuvium's technical choices reflect an uncompromising pursuit of quality. Both Illuvium: Overworld and Illuvium: Arena are developed using the cutting-edge Unreal Engine 5, providing graphics and gaming experiences that exceed industry standards. Meanwhile, Illuvium: Zero leverages the powerful capabilities of the Unity3D engine, ensuring a seamless experience across various devices. Additionally, Illuvium's backend infrastructure is hosted on Amazon Web Services, built on a serverless model, ensuring data integrity and high availability.
Through these innovative designs and technical choices, Illuvium not only offers players a rich gaming world filled with challenges and exploration but also sets a new standard for the future development of blockchain gaming, showcasing the potential for a more open, interactive, and mutually beneficial gaming ecosystem.
Centered around land, managed by DAO: What other features does Illuvium's economic model have?
Illuvium's game economy constructs a complex and interdependent ecosystem aimed at balancing supply and demand while providing players with an engaging and beneficial experience. At the core of this economic model is fuel, which serves as the primary medium of exchange for all purchases, assets, and services within the game, showcasing the innovation and interactivity of the game economy.
Fuel is not only the foundation for in-game transactions but also a bridge connecting landowners and players. Landowners can generate fuel to upgrade their plots and sell it to other players through fuel pools, monetizing land and creating real-world value for participating players.
The game economy is divided into two main categories: supply games and demand games. Supply games, such as Illuvium Zero and Illuvium Overworld, facilitate 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 balance of supply and demand ensures the preservation of resource value and maintains relevance to the gaming experience.
Illuvium's economic model is designed to dynamically respond to fluctuations in supply and demand, adjusting the game economy to address 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 or introducing new game features and mechanics.
As the game evolves, more Illuvials sets will be introduced, with the community managed by the Illuvium DAO playing a key 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.
In response to the rapid development of digital gaming, Illuvium adopts a decentralized autonomous organization (DAO) governance model, emphasizing community participation and transparency. The Illuvinati Main Committee (IMC), serving as the guiding committee for the game, is composed of 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 economy and development 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 field.
How to claim Illuvium's airdrop points, complete in 5 easy steps
The release of Illuvium's new roadmap and Private Beta 4 (PB4) marks the beginning of a series of testing and exploration opportunities for players. By participating in Private Beta 4 and the public Beta test, players can not only experience the game and discover potential issues but also have the chance to earn airdrop points.
The specific arrangements are as follows:
- The pre-registration period will start on April 15, 2024, encouraging players to join early to accumulate airdrop points;
- PB4 Madness will take place from April 30 to May 28, during which an elite team of players will conduct comprehensive testing on the testnet;
- The public Beta testnet will open to all players starting May 28 via the Epic Games launcher;
- After rigorous stress testing and final adjustments, the public Beta mainnet will officially launch;
- Throughout all stages, players' airdrop points will continue to accumulate.