Illuvium
Published in

Illuvium

13. Illuvium Closes $5M Seed Round from Leading Venture Capital Firms

Our seed round closed raising $5 million from multiple investors whom have shown significant interest in being involved with a blockchain-based game. These investors will have a significant market role to play in the decentralized governance and ensure liquidity of $ILV tokens for gamers.

The proceeds are earmarked to grow the Illuvium project with two years of runway, attracting top video game and crypto talent to ambitiously create within one year the first AAA quality gaming title to hit the NFT game market with desirable, visually-appealing NFTs that can face off against each other in an autobattler.

Brothers Kieran Warwick and game designer Aaron Warwick are no strangers to our growing Illuvium community, 10,000+ of which are members on our Discord server. The Warwicks founded the DAO in late 2020, and in a short amount of time have been able to garner immense support within crypto to fund Illuvium.

The Illuvium Balancer Liquidity Bootstrapping Pool Launchpad has been scheduled for release on Tuesday 30th March with more details to follow in the coming weeks.

“Our community sees the very real potential to make a quality product that will revolutionize what we previously thought possible for a blockchain-based game,” Kieran says. Aaron agrees, explaining that: “A lot of what’s out there is 2-dimensional artwork, and not what it could be given the technology we have at our fingertips to seriously elevate the quality of the artwork, and the ingenuity in our team to deliver a fun, solid gaming experience.”

We’ve already mentioned that Illuvium is on Ethereum, and specifically that the hyper-scalable game is being built from the ground-up onto a layer 2 solution called Immutable X.

This differs from most other current gaming projects because it means there will be no gas fees for minting and exchange, and sub-second transaction times. “This also allows us to offer NFTs at different prices, where most projects have to keep everything expensive because otherwise the gas fees become unaffordable,” Kieran explains.

Illuvium is a brave new frontier and aims to be an inspiration for other projects to think in blue-skies limitless possibilities. Illuvium is claiming a unique spot in the space by its sheer scale, novelty, and production value. “Currently as it stands, there are no real AAA quality gaming titles on the blockchain,” Aaron says. “Axie Infinity, Aavegotchi and Decentraland all have certain aspects similar to Illuvium. However, the level of quality video game artwork, NFT collectability, DeFi reward mechanisms all combined within a community-driven DAO did not exist yet, until Illuvium.”

They hope to give the blockchain real value in the Illuvium NFTs, in an immersive open-world rpg game that will satisfy both seasoned gamers, collectors, and crypto enthusiasts.

The Illuvium Balancer Liquidity Bootstrapping Pool Launchpad has been scheduled for release on Tuesday 30th March with more details to follow in the coming weeks.

Stay tuned for further communications

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Illuvium

Illuvium

News, protocol updates, reveals, and other dispatches from the Illuvium DAO. Illuvium is a decentralised game studio.