Massive Blockchain Game Illuvium Raises Another $10M From...
1 Jun 2023
Crypto News Source
Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures
Leading DeFi investment firm Framework Ventures has poured another $10 million into the hit game Illuvium. It was on May 31 that the co-founder of the RPG series Illuvium, Kieran Warwick, released a statement in the Discord community that he had raised an additional $10 million in funding from Framework Ventures. This transaction is completed through a token, which will be locked for two years and will not be included in the commit, so it will not participate in the distribution of benefits.
Reportedly, Illuvium is an entirely decentralized collectible and role-playing game built on the Immutable X L2 network. Illuvium is about to launch a public beta with three interactive AAA games: Zero (city builder), Overworld (monster world), and Arena (arena). Founded last year by Kieran and Aaron Warwick, this RPG has created a game that rewards players with the chance to discover and capture NFT creatures, known as Illuvials, in combat. The game incentivizes players to have a stake in the project, as the Illuvium network allows in-game fees to be paid out to staked token holders as ongoing rewards. Illuvium successfully raised $5 million in a seed round led by one of the oldest venture capital funds in the decentralized finance.
Leading DeFi investment firm Framework Ventures has poured another $10 million into the hit game Illuvium. It was on May 31 that the co-founder of the RPG series Illuvium, Kieran Warwick, released a statement in the Discord community that he had raised an additional $10 million in funding from Framework Ventures. This transaction is completed through a token, which will be locked for two years and will not be included in the commit, so it will not participate in the distribution of benefits.
Reportedly, Illuvium is an entirely decentralized collectible and role-playing game built on the Immutable X L2 network. Illuvium is about to launch a public beta with three interactive AAA games: Zero (city builder), Overworld (monster world), and Arena (arena). Founded last year by Kieran and Aaron Warwick, this RPG has created a game that rewards players with the chance to discover and capture NFT creatures, known as Illuvials, in combat. The game incentivizes players to have a stake in the project, as the Illuvium network allows in-game fees to be paid out to staked token holders as ongoing rewards. Illuvium successfully raised $5 million in a seed round led by one of the oldest venture capital funds in the decentralized finance.
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