What is Illuvium (ILV)?

Illuvium is a groundbreaking open-world fantasy battle game built on the Ethereum blockchain, often hailed as the first AAA game on the Ethereum network. The game aims to cater to both casual gamers and dedicated DeFi enthusiasts, offering a blend of collecting and trading features.

Within the virtual realm of Illuvium, players encounter creatures called Illuvials, which can be captured by triumphing in battles and subsequently nurtured back to health. These Illuvials become integral parts of players' collections, available for deployment in auto-battler gameplay against other adventurers.

Combining elements of open-world exploration with PVP battles, Illuvium provides players with the option to explore the vast game world or concentrate on assembling a formidable team of creatures.

The development of Illuvium began in 2020 and involves a globally distributed team of over 40 individuals, including co-founders Kieran Warwick, a serial entrepreneur and early cryptocurrency adopter, and Aaron Warwick, an experienced game designer. Interestingly, the co-founders are also brothers to Kain Warwick, co-founder of the DeFi platform Synthetix.

Integral to the Illuvium ecosystem is the ILV token, which serves multiple purposes. ILV functions as the primary token for rewarding players' in-game accomplishments, grants access to the Illuvium Vault's benefits, and facilitates participation in the game's governance through the Illuvium decentralized autonomous organization (DAO).

Who are the founders of Illuvium?

The founders of Illuvium are Kieran Warwick and Aaron Warwick, who are brothers. Kieran Warwick is a serial entrepreneur and early cryptocurrency adopter, while Aaron Warwick is an experienced game designer. It's worth noting that Kieran and Aaron Warwick are also the brothers of Kain Warwick, the co-founder of the DeFi platform Synthetix.

What makes Illuvium unique?

Distinguishing itself from many other blockchain-based games, Illuvium sets itself apart with a complete 3D environment, encompassing more than 100 distinct Illuvials scattered across its diverse regions. Each Illuvial is meticulously crafted by a team of top-tier artists, aiming to cater to players familiar with high-budget mainstream games.

The game features several unique aspects that differentiate it from both traditional AAA games and other blockchain-driven titles, such as:

Layer-2 Integration: Illuvium is built on the Ethereum network but utilizes Immutable X (IMX), a layer-2 solution designed to enhance scalability for applications incorporating NFT functionality. By employing Immutable X, Illuvium ensures players can mint and trade their NFTs without gas fees and with nearly instantaneous transaction confirmations. Players retain control over their assets while using IMX.

The IlluviDEX: The game includes its decentralized exchange (DEX) called the IlluviDEX. This platform permits secure and trustless trading of Illuvium assets, including Illuvial NFTs. A 5?efrom each transaction is directed to the rewards pool for ILV token stakers.

Yield Farming: The Illuvium yield farming program allocates a total of 3 million ILV tokens, equivalent to 30% of the maximum supply of 10 million tokens. Over a span of three years, these tokens will be distributed to users contributing liquidity, as well as through various partner reward initiatives.

Explain the network security of Illuvium.

Illuvium's network security is robustly established by harnessing the security features of Ethereum while benefiting from the performance enhancements of Immutable X, a layer-2 blockchain on Ethereum. Ethereum's proven track record in the Dapp and DeFi space contributes to Illuvium's security, further fortified by its decentralized and censorship-resistant design. The Illuvium ecosystem operates within Unreal Engine 5, employing a simulation coded in pure C++ for rapid execution of game instances.

Users are rewarded with ILV tokens for their contributions, which can be utilized for in-ecosystem transactions or traded on exchanges. ILV serves as the main governance token, granting holders voting rights. Mechanisms such as staking, mining, and fees contribute to securing ILV, while a unique vault distribution mechanism redistributes purchase fees to stakes. Notably, 100% of game and sales revenue is shared among ILV stakes, underscoring the ecosystem's commitment to its community.

What are the recent developments of Illuvium?

Illuvium and Cards of Ethernity have joined forces in an exciting collaborative IP deal, introducing a new dimension of gaming experiences. Cards of Ethernity, a captivating collectible card game from Aether Games, merges immersive narratives, stunning art, and innovative mechanics in its universe. The partnership brings nine Illuvials, including Axodon, Alphie, Dash, and more, into Cards of Ethernity as powerful and beautifully designed cards. Players can customize decks and engage in real-time online battles. Additionally, Cards of Ethernity offers COE x Illuvium-themed Emotes, providing unique ways to express oneself within the game. This collaboration underscores both platforms' commitment to delivering unrivaled and engaging gaming adventures.

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