You may be asking “What on Earth is Illuvium?” Well firstly, it’s not technically on earth, and secondly, it’s an open-world RPG (Role-Playing Game) that’s been built on the Ethereum blockchain. Here are the important points:
NFTs (Non-Fungible Tokens) – Players collect in-game creatures that are represented as tradeable NFTs, these creatures are known as ‘Illuvials’.
Usage – Players use these NFT creatures to battle against other players as well as complete in-game quests, gaining more and more strength with every victory, a time-honoured classic game mechanic.
So now you’ve got a base knowledge of Illuvium, let’s dive into the Gaming Guild Fundraise.
Polemos, the aforementioned gaming guild (specialising in NFT games), has raised an impressive $2m in a recent funding round in order to focus on its open-world adventure RPG, Illuvium. Illuvium’s open beta will soon be launched in the first quarter of 2022 allowing a lot of players to experience the game, and hopefully identify any potential remaining bugs so they can be squashed by the development team before the official release.
Polemos announced the funding round on Friday and stated that it was led by Delphi Digital and Framework Ventures. Other players involved within the round were decentralised finance founders from SushiSwap, Aave, 1inch Exchange, and more.
Polemos has also partnered with Asian Logic, an online gambling operator, aiming to create a multi-layered player network before the launch of Illuvium. Kieran Warwick, one of the co-founders of Illuvium, had this to say:
“Guilds like Polemos will help players enter the Metaverse by assisting with capital and onboarding requirements. Meeting the needs of play-to-earn gamers is critical for sparking a mass mainstream adoption of crypto gaming.”
Crypto gaming has a long way to go to compete with the AAA-list games currently on the market, but it’s only a matter of time before they either catch up, or blockchain tech is widely adopted within the existing gaming market. Polemos however is a gaming guild I’ll be keeping an eye on as the open beta for Illuvium gets closer.