📰 Table Of Contents
Illuvium Raises $12M in Series A Funding
Web3 gaming firm Illuvium has secured $12 million in a series A funding round with support from investors like King River Capital, Arrington Capital, and Animoca Ventures.
Series A Funding Details
- Illuvium successfully closed its Series A funding round, raising $12 million.
- The funding will be used to expand game offerings and enhance player experiences.
Illuvium’s Unique Gaming Approach
Illuvium stands out with its rewarding investment model, offering a revenue-sharing mechanism that benefits stakers in the protocol. Players have the opportunity to earn ILV tokens.
Illuvium Ecosystem Overview
Illuvium’s play-to-earn ecosystem is designed for strategists and features interconnected games. The ecosystem includes Illuvium Beyond for creating Illuvatars and Illuvium Arena for PVP battles.
Illuvium Gaming Features
- Illuvium Beyond: Create Illuvatars and collectible NFTs.
- Illuvium Arena (PVP): Engage in battles with pre-built decks and upgrade options.
The Inevitable Games Fund
Last week, a $100 million gaming fund was launched by King River Capital, Immutable, and Polygon Labs to identify high growth opportunities in the gaming industry.
Growth in Gaming Revenue
In 2023, blockchain gaming-related funding reached $1.7 billion, with a significant portion allocated to the development of 270 blockchain games on Immutable.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
