Illuvium (ILV)

Gaming Use

Illuvium is an open-world exploration game where players collect NFT creatures called Illuvials and battle them in an autobattler style. Players explore a sci-fi world, capture creatures, and use them in fights.

Token Utility

The ILV token powers the Illuvium ecosystem. It is used for staking, which gives holders voting rights in the game's decentralized governance (DAO). Stakers can influence game features and economic rules.

Marketplace

Players can buy, sell, and trade in-game NFTs like Illuvials and items on the IlluviDEX marketplace, governed by the Illuvium DAO.

Rewards and Participation

ILV holders receive revenue distributions based on their stake, allowing them to share in the game's success.

In-Game Economy

ETH is used for in-game purchases, and players can mine resources, craft weapons, and trade items to enhance gameplay.

For more details, visit illuvium.io.

Pros

• Illuvium is a high-quality, AAA blockchain game with rich 3D graphics and an open-world RPG style.
• It combines collectible NFTs with gameplay, allowing players to own unique in-game creatures and items.
• The game offers staking options, letting players earn rewards by holding ILV tokens.
• Illuvium has a decentralized governance system where token holders can vote on improvements.
• The ILV token can be used in-game and traded on major crypto exchanges like Coinbase and Binance.
• The game targets both traditional gamers and crypto users, aiming for broad appeal.
• Illuvium’s ecosystem includes yield farming and weekly distributions to token holders.

Cons

• The game has experienced delays and has not fully launched as initially planned.
• The development team includes some less experienced members, which raises concerns for some users.
• Illuvium’s price and success are somewhat tied to the overall crypto market trends, making it volatile.
• Some players feel the game is more attractive to investors than casual gamers.
• The total supply of ILV tokens may be affected by staking and burning mechanisms, which can complicate supply understanding.
• The project’s founders and developers are not widely known, which some see as a drawback.

For more details, visit the official Illuvium website: illuvium.io

Founders of Illuvium

Illuvium was founded by the Warwick brothers: Kieran Warwick, Aaron Warwick, and Grant Warwick. Kieran is a co-founder and key figure in the project, while Aaron serves as co-founder and chief game designer. They are also brothers of Kain Warwick, the founder of the DeFi platform Synthetix.

Institutional Investors

Illuvium has raised around $60 million over multiple funding rounds from 25 institutional investors. Key investors include Framework Ventures, Animoca Brands, King River Capital, Arrington Capital, Spartan Group, GoldenTree, Arca, Selini Capital, Laser Digital, P2 Ventures, Yield Guild Games, SevenCapital, and 32-Bit Ventures.

Venture Capital Firms

Some of the main venture capital firms backing Illuvium are Framework Ventures, which invested $10 million in 2023, and King River Capital, which led the $12 million Series A round in March 2024.

Strategic and Gaming-Focused Investors

Illuvium also attracted investments from gaming and blockchain-focused groups like Animoca Brands and Yield Guild Games, which support blockchain gaming projects.

Summary

The investors in Illuvium are a mix of blockchain-focused venture capital firms, gaming investment groups, and institutional investors who support the development of its interoperable blockchain gaming universe.

Halal Status of Illuvium

Illuvium is generally considered halal by some because it is a digital asset used in gaming and does not involve interest (riba) or gambling directly. However, opinions may vary depending on individual beliefs and interpretations of Islamic finance principles.