Illuvium Secures $10 Million Funding from Framework Ventures for Game Development and Expansion
Illuvium, the groundbreaking blockchain game ecosystem, has taken a significant stride forward with the recent acquisition of $10 million in funding from Framework Ventures. This substantial investment will play a pivotal role in propelling the development of Illuvium’s innovative gaming universe while providing crucial support to its remote contributors. Co-founder Kieran Warwick made the exciting announcement on Discord, underscoring the substantial impact these funds will have on the game’s progress.
One of the most highly anticipated developments from Illuvium is its upcoming open beta, which promises a plethora of thrilling experiences for players. The beta will introduce three interconnected AAA games: Illuvium: Zero, Illuvium: Overworld, and Illuvium: Arena. Each game offers unique gameplay elements that contribute to the immersive gaming universe Illuvium is crafting. Illuvium: Zero presents an enticing city-building experience, Illuvium: Overworld offers an expansive open-world monster hunting adventure, and Illuvium: Arena provides an exhilarating autobattler experience. With the infusion of new funding, Illuvium aims to deliver an open beta that surpasses expectations, ensuring a comfortable runway for future development and expansion.
🔥 Exciting news, Rangers!
We are thrilled to declare that we’ve secured an additional $10M funding injection from @hiFramework! Their unwavering support and commitment have been nothing short of phenomenal. 🤝
With this generous backing, we’re all set to turbocharge our… pic.twitter.com/ezgks8b9cT
— Illuvium (@illuviumio) June 1, 2023
Illuvium takes immense pride in being recognized as the world’s first interoperable blockchain game universe. Through its utilization of the Immutable X network, Illuvium seamlessly blends an open-world exploration game, an industrial city builder, and an autobattler into a cohesive gaming experience.
Players will have the opportunity to explore the Overworld, embark on quests, and hunt for NFT creatures known as Illuvials. Assembling a formidable team of Illuvials will allow players to engage in thrilling PvP or PvE battles within the Ascended Arena. Furthermore, players who own virtual plots in Illuvium: Zero can leverage their land to collect resources that can be sold on the marketplace or utilized within the Overworld.
Illuvium’s financial success continues to soar, building on a $5 million seed round led by Framework Ventures in March 2021. Notable investors in the Web3 space, including Delphi Digital and YGG, have also provided substantial financial backing to the project.
Framework Ventures, in particular, has demonstrated its confidence in the Web3 gaming sector by announcing a $200 million investment in Web3 games subsequent to the launch of a $400 million fund in April. With the recent injection of $10 million from Framework Ventures, Illuvium is in an excellent position to expand its AAA gaming universe. The funding will expedite development efforts, ensuring an exceptional open beta experience for players. With robust financial support and an ambitious vision, Illuvium is poised to make a significant impact on the future of blockchain gaming.
The funding secured by Illuvium is not only a testament to the project’s potential but also to the increasing interest and investment in blockchain gaming. As the gaming industry continues to evolve and embrace blockchain technology, Illuvium stands out as a pioneering force, pushing boundaries and redefining the gaming experience. The infusion of funds will allow Illuvium to continue pushing the envelope of what is possible in the realm of blockchain gaming, creating a vibrant and immersive universe that captivates players around the globe.
With the upcoming open beta and the ambitious plans for expansion, Illuvium is poised to set new standards in the gaming industry. As players eagerly anticipate the chance to explore the interconnected AAA games and delve into the unique gameplay experiences Illuvium has to offer, it is evident that this blockchain game ecosystem is on the precipice of something extraordinary. The future of Illuvium and the broader blockchain gaming landscape is looking brighter than ever, driven by innovation, financial support, and a passionate community ready to embark on the next gaming revolution.
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