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By Vishakha Thakur
The term “Metaverse” is becoming popular day by day. In the list of metaverse platforms, one must watch out for Illuvium as it has become one of the popular metaverse platforms. It has successfully tapped into the interests of players with the immersive gameplay experience.
What is Illuvium?
Illuvium is a video game developer and publisher of AAA play-to-earn crypto-games. It removes the ownership gap between gamer and game, engaging its stakeholders in a community-governed collaborative game development model.
Built on Ethereum Blockchain Illuvium is an open-world exploration, monster collector, and autobattler game. It mainly focuses on providing users with a source of entertainment to both, DeFi fans as well as casual gamers through a range of trading and collecting features
Illuvium’s games feature collectible NFT assets with in-game functionality that are playable across multiple games planned for the Illuvium metaverse, and will appear in partnership with other games the larger DeFi metaverse.
Illuvium’s decentralized NFT collection means players have true ownership of their in-game assets. All time and effort in-game is transferred to real world value, never before possible in mainstream gaming.
It has managed in assembling a global team of roughly 40 people, including co-founders, serial entrepreneurs, and skilled game designers.
Some of the notable companies which have shown interest in Illuvium include Immutable X, Influx, Bitcoin.com, Blockchain Game Alliance, and Lotus Capital. Also, the highlight of Illuvium is that it provides the opportunity to avoid GAS fees for every transaction.
The Native Token
ILV is known to be the native utility token of the platform. It can be used for a variety of purposes on the platform itself including payments for in game purchases and for rewarding users. Also, the token is used to govern the platform’s decentralized autonomous organization too.
The world of illuvium is known to have been inhabited by creatures commonly known as Illuvials. They can be captured by players in the game who are successful in beating them in battle and nursing them back to health.
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