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A total of US$72 million in financing has been raised, and a new round of airdrops has begun: Can Illuvium become popular?
Illuvium, a rising star in the blockchain gaming field, recently announced the successful completion of a $12 million financing 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 game product line and improve player experience. It is worth mentioning that Illuvium has raised US$72 million through land sales activities in June 2022.
According to Illuvium’s latest roadmap, the studio plans to open pre-registration for Private Beta4 from April 15 to April 30; then launch Private Beta4 from April 30 to May 28, when 10,000 lucky players will have the opportunity to experience the game on the test network and have the opportunity to obtain the first batch of airdrop points; after May 28, the Beta test network phase will be opened and open to the public through the Epic Games platform. It is expected to last 2 to 4 weeks, during which 10% of the Play-To-Airdrop ILV prize pool will be allocated, and airdrops will be issued to the first batch of players after the end of this phase; the launch time of the mainnet Beta version is yet to be determined, and the remaining 90% of the Play-To-Airdrop ILV prize pool will be allocated within 5 months after the launch.
Let’s introduce this game project.
Launched by the co-founder of Synthetix and based on Immutable X: Is Illuvium popular in the industry?
Illuvium, an open world GameFi game built on the Ethereum network, is redefining the boundaries of blockchain games with its unique game mechanics and excellent gaming experience. It cleverly combines the elements of decentralized finance (DeFi) and games (GameFi), not only providing players with an immersive world to explore, but also opening up new ways to earn income through games and participate in project governance.
Illuvium’s economic model is centered on its native currency ILV, which is both the way for players to obtain rewards in the game and the key to participating in project governance. Leveraging Ethereum’s layer 2 scaling solution, Immutable
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 a customized character, choose an accompanying drone, explore the vast open world, fight and capture the Illuvials they encounter, and these defeated Illuvials can then be minted into NFTs. The game provides five unique game mechanics or modes, allowing players to find their place in this diverse game world.
Illuvium’s technology choices demonstrate its uncompromising pursuit of quality. “Illuvium: Overworld” and “Illuvium: Arena” were developed using the most advanced Unreal Engine 5, providing graphics and gaming experiences that exceed industry standards. “Illuvium: Zero” leverages the power of the Unity3D engine to ensure that the game provides a seamless experience on a variety of devices. In addition, Illuvium’s backend infrastructure is hosted on Amazon Web Services and built using a serverless model to ensure data integrity and high availability.
Through these innovative designs and technical choices, Illuvium not only provides players with a rich game world full of challenges and exploration, but also sets a new standard for the future development of blockchain games, demonstrating the possibility of a more open, interactive and win-win game ecosystem.
With land as the core and DAO as the management model: What other characteristics does Illuvium’s economic model have?
Illuvium’s game economy builds a complex and interdependent ecosystem designed to balance supply and demand while providing players with an experience that is both engaging and rewarding. The core of this economic model is fuel, which serves as the main medium of exchange for all purchases, assets and services in the game, demonstrating the innovative and interactive nature of the game economy.
Fuel is not only the basis for in-game transactions, but also a bridge between land owners and players. By generating fuel, land owners can not only upgrade their land, but also monetize their land by selling it to other players through the fuel pool, creating real-world value for players participating in the game.
Game economies are divided into two broad categories: supply games and demand games. Supply games, like Illuvium Zero and Illuvium Overworld, facilitate fuel generation and item production, while demand games, like Illuvium Arena and Illuvium Beyond, consume these resources, driving market demand for fuel and items. This balance of supply and demand ensures that resources retain their value and remain relevant to the gaming experience.
Illuvium’s economic model is designed to dynamically respond to supply and demand fluctuations, adjusting the game economy to respond to market changes. For example, if the supply of fuel is insufficient to meet demand, the DAO may take measures to increase supply, such as selling more plots or introducing new game features and mechanisms.
As the game develops, more sets of Illuvials will be introduced, with the community managed by the Illuvium DAO playing a key role in deciding to release these sets. This not only adds variety to the game, but also increases the rarity and value of early sets.
In response to the challenges of the rapid development of digital games, Illuvium has adopted a decentralized autonomous organization (DAO) governance model that emphasizes community participation and public transparency. The Illuvinati Master Committee (IMC), which serves as the game’s steering committee, is composed of representatives elected by $ILV token holders, reflecting a commitment to a community-driven approach. This governance model not only promotes a diverse and vibrant development environment, but also ensures that the game’s economy and development direction reflect the wishes 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 receive Illuvium airdrop points, easily completed in 5 steps
Illuvium’s new roadmap and the release of Private Beta 4 (PB4) signal a series of opportunities for players to test and explore. By participating in Private Beta 4 and Public Beta testing, players can not only experience the game and discover potential issues, but also have the opportunity to earn airdrop points.
The specific arrangements are as follows:
The pre-registration period will start on April 15, 2024, and players are encouraged to join as early as possible to accumulate airdrop points;
PB4 Madness will be held from April 30 to May 28, 2024, when an elite team of players will be selected to conduct a comprehensive test of the test network;
The public beta test network will be open to all players through the Epic Games launcher starting on May 28;
After rigorous stress testing and final adjustments, the public Beta mainnet will be officially launched;
In all stages, players’ airdrop points will continue to accumulate.