What is Illuvium?
Illuvium is a AAA studio building a creature-based universe of multiple games running on the Ethereum blockchain and run by a DAO (Decentralized Autonomous Organization). Operating as a DAO allows the token holders to guide the project. The holders of $ILV vote for Council Members who consequently vote on proposals.
Permanent in-game items are ‘minted’ as NFTs, which exist on the blockchain, allowing players to own the items they find or buy. Players trade these items freely.
Learn more about Illuvium by visiting Illuvium.io or watch the game trailer here
How are you using NFTs in the game?
All of our characters, weapons, armour, and cosmetics are NFTs, giving players verifiable ownership and trading assets for real currency. Our characters are all tied to a bonding curve which makes them increasingly rare to find, until eventually a new set is brought out, and you can no longer collect the previous.
What benefits are there to owning Land?
Land Owners earn approximately 5% of all in-game revenues. This is possible by generating the fuel required to pay for in-game actions such as Travelling, Curing shards, Reviving Illuvials, and Forging weapons. It is also possible to find rare blueprints that allow you to craft skinned weapons.
What does the ILV token do?
There are two use cases for the ILV token. Governance and Revenue Distribution. In the Illuvium Ecosystem, 100% of in-game revenues (minus fees) are sent back to stakers on the platform. The community also governs us. Owning ILV gives you the right to nominate and vote for a council member who will represent your opinions and ideas.
What is your strategy to get people to play the game?
First and foremost, it’s building a fun game to play. Too often, games in Web3 are positioned as fun, only to turn out monotonous within the first few hours. We are looking to change that by building an incredibly immersive experience with many different playstyles to grab gamers. We are also planning to host the largest E-sports tournaments in history, beating DOTA’s 44m prize money last year.
Who are your most prominent partners, and what do they bring to the table?
IMX has been incredible; they allow us to run the game with subsecond transaction times and zero gas or minting fees.
Chainlink has also been a great partner of ours. Their technology is far ahead of everyone else. It makes it easy to choose them for our price feeds.
Synthetix, Aave and 1inch helped us out in the early days by giving us brand awareness within the OG DeFi community.
Framework also assisted us massively with onboarding the right capital.
What comes next for Illuvium?
Our Land Sale begins June 2nd, this is the first time we have sold any NFTs, and we have over 150K registrations, so we are hoping for the communities sake it’s a decent sale. Next month we release a PVP version that includes yield for Survival Mode.
