Web3 gaming company Illuvium has secured $12 million in a Series A funding round, attracting big names like King River Capital, Arrington Capital, and Animoca Ventures. This fresh injection of capital will fuel the development of new games within the Illuvium ecosystem, gearing them up for a launch in Q2 2024.

Investing in Players, Not Just the Game

Illuvium boasts a unique approach to gaming – a rewarding investment model. They share in-game revenue with stakers in the protocol, granting players the opportunity to earn ILV tokens. "This revenue-sharing model is a major attraction for ILV, resonating strongly with our community," says Illuvium co-founder and CEO Kieran Warwick.

Beyond Play-to-Earn: A Strategic Experience

While Illuvium might seem complex compared to some Web3 games, its interconnected games and emphasis on strategy cater perfectly to seasoned players. Recently listed on Epic Games, Illuvium's AAA graphics and gameplay are pushing boundaries and attracting a mainstream audience. The entire ecosystem consists of four games, with two currently in early testing according to Eric Huffman of Cryptonews.

Illuvium Arena: Dive into the Battle

Newcomers to Illuvium can jump into the action with Illuvium Arena (PVP). Players receive three pre-built decks featuring Illuvials ready for battle. Upgrade your team with suits, weapons, and augments. Victories and progress allow you to level up your Illuvials, even fuse them to create even more powerful creatures for future battles.

Multiple Paths to Reward

The Illuvium ecosystem offers a variety of ways to earn: capture Illuvials and sell them on the marketplace, climb the leaderboards and claim ILV rewards, or stake your ILV tokens to earn more ILV or sILV.

King River Capital Leads $100 Million Gaming Fund

Just last week, King River Capital (who also participated in Illuvium's funding round) teamed up with Immutable and Polygon Labs to launch a staggering $100 million gaming fund. This "Inevitable Games Fund" is the first of its kind, designed to be "ecosystem-agnostic" and identify high-growth opportunities for investors. King River Capital will spearhead the investment process, leveraging the expertise of the other two firms in sourcing and Web3 gaming knowledge.

The Future of Blockchain Gaming Looks Bright

With blockchain gaming reaching an estimated $1.7 billion in funding rounds in 2023, the future looks bright for Illuvium and the industry as a whole. With continued investment and innovative approaches, Web3 gaming is poised to take the gaming world by storm.