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Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures


Мая, 31, 2023
2 мин. на чтение
от CoinCu News
Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

Key Points:

  • The co-founder of the RPG series Illuvium has announced it has raised an additional $10 million in funding from Framework Ventures.
  • The money raised will accelerate the development of the game.
  • Illuvium is a popular 3D fantasy RPG game built using Unreal Engine 4.26 technology and running on the Immutable X network.
Leading DeFi investment firm Framework Ventures has poured another $10 million into the hit game Illuvium.
Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

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.

Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

The money raised will accelerate the development of this game. 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.

Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

In March 2021, Illuvium successfully raised $5 million in a seed round led by one of the oldest venture capital funds in the decentralized finance, Framework Ventures. The project has also received financial support from IOSG Ventures, LD Capital, Delphi Digital, YBB Foundation Ltd, Stake Capital, Moonwhale Ventures, Lotus Capital, Blocksync Ventures, Bitscale Capital, Quantstamp, Yield Guild Games, Bitcoin.com, …

In mid-April 2022, Framework Ventures, a backer of Illuvium and Stardust, said it would invest $200 million in blockchain game projects following the launch of a $400 million fund.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News

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Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project

Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project

Damien Hirst faces allegations of backdating over 1k paintings in his NFT project "Th...
Мая, 24, 2024
2 мин. на чтение
от BTC-Pulse
Onchain Fees for Bitcoin Drop to Six-Month Low

Onchain Fees for Bitcoin Drop to Six-Month Low

Bitcoin transaction fees have reached their lowest point since early November 2023, r...
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от Bitcoin News

Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures


Мая, 31, 2023
2 мин. на чтение
от CoinCu News
Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

Key Points:

  • The co-founder of the RPG series Illuvium has announced it has raised an additional $10 million in funding from Framework Ventures.
  • The money raised will accelerate the development of the game.
  • Illuvium is a popular 3D fantasy RPG game built using Unreal Engine 4.26 technology and running on the Immutable X network.
Leading DeFi investment firm Framework Ventures has poured another $10 million into the hit game Illuvium.
Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

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.

Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

The money raised will accelerate the development of this game. 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.

Massive Blockchain Game Illuvium Raises Another $10M From Framework Ventures

In March 2021, Illuvium successfully raised $5 million in a seed round led by one of the oldest venture capital funds in the decentralized finance, Framework Ventures. The project has also received financial support from IOSG Ventures, LD Capital, Delphi Digital, YBB Foundation Ltd, Stake Capital, Moonwhale Ventures, Lotus Capital, Blocksync Ventures, Bitscale Capital, Quantstamp, Yield Guild Games, Bitcoin.com, …

In mid-April 2022, Framework Ventures, a backer of Illuvium and Stardust, said it would invest $200 million in blockchain game projects following the launch of a $400 million fund.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News

Читать материал на CoinCu News

Читать больше

Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project

Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project

Damien Hirst faces allegations of backdating over 1k paintings in his NFT project "Th...
Мая, 24, 2024
2 мин. на чтение
от BTC-Pulse
Onchain Fees for Bitcoin Drop to Six-Month Low

Onchain Fees for Bitcoin Drop to Six-Month Low

Bitcoin transaction fees have reached their lowest point since early November 2023, r...
Мая, 24, 2024
от Bitcoin News