Framework Ventures Gives Massive Blockchain Game Illuvium Another $10 Million
Key Points:
The co-founder of the RPG series Illuvium has announced that Framework Ventures has provided an additional $10 million in funding.
The game’s development will be accelerated with the raised funds.
The popular 3D fantasy role-playing game Illuvium is developed with Unreal Engine 4.26 and runs on the Immutable X network.
Framework Ventures, a prominent DeFi investment firm, has added another $10 million to the popular game Illuvium.
Kieran Warwick, co-founder of the role-playing game series Illuvium, announced in a statement that he had received an additional $10 million in funding from Framework Ventures on May 31.
The game’s development will be accelerated with the raised funds. A token is used to complete this transaction; it will remain locked for two years and will not be part of the commit, so it will not receive benefits.
Illuvium is said to be a collectible and role-playing game built entirely decentralized on the Immutable X L2 network. Three interactive AAA games from Illuvium are about to go live in a public beta: Zero (city developer), Overworld (beast world), and Field (field).
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This RPG, which was created by Kieran and Aaron Warwick last year, offers players the chance to discover and capture NFT creatures, or Illuvials, in combat. The game boosts players to have a stake in the task, as the Illuvium network permits in-game charges to be paid out to marked symbolic holders as progressing rewards.
Illuvium successfully raised $5 million in a seed round in March 2021, led by Framework Ventures, one of the oldest decentralized finance venture capital funds. 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, and others have also contributed financially to the project. In mid-April 2022, Framework Ventures, a backer of Illuvium and Stardust, announced that it would invest $200 million in blockchain game projects following the launch of a