Illuvium Labs, an innovative game studio working on developing an exciting blockchain universe, has successfully completed a Series A funding round, raising $12 million. These funds will be used to launch a series of interconnected games planned for the second quarter of 2024.
Investors supporting the project include major players such as King River Capital, Arrington Capital, Animoca Brands, The Spartan Group, as well as Arca, Polygon Ventures, 32-Bit Ventures, and Yield Guild Games. The upcoming Illuvium games, including Illuvium Arena, Illuvium Overworld, and Illuvium Zero, are built on interoperable assets in the Ethereum ecosystem and leverage the capabilities of the scalable network, Immutable X.
In addition to announcing the upcoming debut of its game projects, the studio also announced an imminent airdrop of tokens, expected to be valued at over $25 million. The ILV token, Illuvium's digital asset, is currently trading above $150, reaching nearly $160 earlier in the month, marking a record since 2022.
This financial success and the announced game releases highlight Illuvium Labs' ambition to create something unique in the world of blockchain gaming. The studio aims to attract both cryptocurrency enthusiasts and traditional gamers, offering them an immersive and interactive gameplay experience.
Thus, Illuvium Labs is setting new standards in the blockchain gaming industry, demonstrating how innovative technologies can enrich the gaming experience and create captivating virtual worlds accessible to a wide audience.
