RPG adventure game Illuvium gets $2M gaming guild fundraise
A play-to-earn (P2E) gaming guild, Polemos that specializes in NFT games, has announced a raise of $2 million through a strategic funding round focusing on its open-world role-playing game.
Illuvium, the open-world RPG adventure game, is scheduled to be launched on open beta in Q1 2022. Built on the Ethereum blockchain, the players of Illuvium would be tasked with collecting creatures called Illuvials – represented as tradeable NFTs.
These digital characters, Illuvials, can then be utilized for battling against other players and completing quests, wherein the gamer would become more powerful with each battle won.
On November 19, Polemos had announced the funding round led by investment firm Delphi Digital and Framework Ventures. Other participants in the funding round had included DeFi founders from Aave, Sushi, 1inch Exchange, and several others.
Illuvium aims at creating a multi-layered network of players before the game is formally launched, which is why Polemos has collaborated with online gambling operator, Asian Logic. Its users would become the primary guild group, and others would be sourced from its official Discord community.
Illuvium’s Co-Founder, Kieran Warwick, has stated that guilds like Polemos would assist players in entering the Metaverse through capital and onboarding requirements.
Warwick said that meeting the needs of play-to-earn gamers is “critical” for triggering “a mass mainstream adoption of crypto gaming.”
Polemos is currently developing a GameFi learning management system, which is a decentralized exchange for guild assets, as well as a player analytics platform aiming to analyze, educate, track, and manage players.
The firm is also aiming to give players a base foundation-level skill in developing nations so that they can get started either by teaching skills to play, or by lending them initial resources such as tokens and gaming items.
Earlier in November, Electronic Arts (EA) CEO had hinted that NFTs and play-to-earn games are the future of the gaming industry despite their early-stage research work and development.
In October, Ubisoft’s CEO had also expressed that he intended on investments in blockchain-centric gaming companies on the platform. He had even encouraged the adoption by opting to become a founding member of Blockchain Game Alliance.
