Illuvium secures $12M in a Series A funding round

#Illuvium, a blockchain-based gaming platform, has successfully closed a Series A funding round of $12 million. The funding was led by #KingRiverCapital, #ArringtonCapital, #TheSpartanGroup, and #AnimocaCapital with participation from #SeliniCapital, #PolygonVentures, #YieldGuildGames, #LaserDigital, #FirstVIP, #Arca, #32BitVentures, and others. This investment is a significant milestone for the company as they plan to introduce a new gaming experience. Players will be able to transfer in-game assets seamlessly across multiple interconnected games.

Illuvium has a revenue-sharing model that redirects all in-game revenues to staked investors. This approach has earned the attention and support of Framework Ventures, who led a $10 million funding round for the company in May 2023. With this latest round, Illuvium's total funding reaches $60 million.

This sets the stage for the imminent launch of its interconnected gaming universe in Q2 2024. The company aims to revolutionize the gaming industry with its innovative approach to #NFT integration and revenue distribution, and anticipation is building.

👉 twitter.com/illuviumio/status/1772747213871165620