Illuvium Blockchain Game Achieves Funding Worth IDR 190.2 Billion

Illivium Blockchain Game. (Photo; Doc. Crypto Gaming Pool)

JAKARTA - Illuvium, a blockchain-based gaming startup, has raised US$12 million (around Rp190.2 billion) in a Series A funding round. This funding is supported by large institutional investors such as King River Capital, Arrington Capital, and Animoca Brands. These fresh funds are expected to accelerate the development of additional game titles in the Illuvium ecosystem, which aims to set new standards in blockchain-based gaming quality.

Kieran Berndia, CEO and co-founder of Illuvium, revealed that the concept of shifting 100% in-game income to investors who are staking is a major attraction for the ILV community. This innovative revenue sharing model allows stakeholders to protocol receiving 100% revenue from in-game purchases, creating an attractive investment structure.

Reported by CryptoBriefing, more than one million registered users are enthusiastically awaiting the launch of the Illuvium gaming universe. These game titles will allow players to use non-fungible tokens (NFTs) smoothly across interoperable games, promising an unprecedented experience.

One of these games is Illuvium Zero, a mobile title in which landholders produce fuel, which is an important resource throughout the title of the Illuvium game. The goal is to create a connected economy that encourages strategic and trade decisions among players, because fuel is a key commodity in the gaming ecosystem.

In addition, there are rumors circulating in the crypto community about the planned airdrop for the Illuvium gamer community, with an estimated amount of more than $25 million (around Rp396.25 billion).

The Series A funding that Illuvium managed to collect marks important steps on their journey. With the support of industry-based investors, Illuvium is in a strong position to realize their vision. The funds obtained will be used to develop new game titles in the Illuvium ecosystem, which includes Illuvium Overworld, Illuvium Arena, and Illuvium Zero.