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With the recent closing of a successful $12 million Series A investment round, Illuvium has advanced the development of their cutting-edge NFT gaming environment. The initiative, which is frequently compared to “Pokemon for NFTs,” intends to transform the gaming market by providing gamers with a smooth cross-platform experience.
The Series A fundraising round was headed by a group of well-known venture capital companies, including Animoca Capital, Spartan Capital, Arrington Capital, and King River Capital. P2 Ventures, Nomura’s Laser Digital, 32-Bit, and Seven Capital were among the other significant donors. The industry’s strong belief in Illuvium’s development potential and ambition is demonstrated by this strong support.
This latest funding round follows Illuvium’s previous success in securing $10 million during a venture round led by Framework Ventures in May 2023. With a total of $60 million raised to date, Illuvium is poised to make waves in the gaming world. The funds will fuel the launch of its interconnected game series, scheduled for release in the second quarter of 2024. By leveraging NFTs across different titles, Illuvium aims to provide gamers with a dynamic and immersive gaming experience unlike any other.
At the heart of Illuvium’s offering lies its interconnected gaming titles, which share the same pool of NFTs. This approach not only promotes community engagement but also enhances the value of in-game assets by offering versatility across various gaming environments. Moreover, Illuvium’s revenue-sharing model, which distributes 100% of in-game revenues to staked investors using the $ILV token, underscores its commitment to rewarding its community.
As Illuvium gears up for its highly anticipated game launch, it stands poised to redefine the gaming landscape, offering players a new standard of immersive and interconnected gameplay.