GameFi
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.
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.
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.
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