Illuvium price

ILV

#281

Although Illuvium has blockchain-based elements, it is more akin to a full-fledged video game. It’s accessed through a downloadable desktop app, but also has a range of supporting DeFi applications surrounding it — including a yield farm and decentralized exchange.

Players roam the Illuvium landscape battling Illuvials and other players, participating in quests and daily challenges, and participating in its communal storyline. Throughout their journey, they collect Illuvials, which have a range of characteristics that make them variable in their rarity, utility, and desirability. These include:

• Classes: Empath, Fighter, Guardian, Rogue and Psion.
• Affinities: Air, Earth, Fire, Nature and Water.

Through its class and affinity are its most important attributes, each Illuvial has a large number of additional attributes that also help determine its strength in combat, some of these can include: attack damage, attack speed, and savagery. Illuvials get stronger with victory, can be enhanced with in-game items and can be upgraded into a special “ascended” form — which benefits from two affinities at once.

Each Illuvial is represented by a unique non-fungible token (NFT) and can be freely traded on external exchange platforms and the gas-free IlluviDEX (more on this later). They can also be fused into more powerful forms, and come in normal, holographic and dark holographic variants which are considerably more scarce.

The game will feature a variety of revenue streams, mostly derived from in-game purchases of items, crafting components, cosmetics and shard curing. 100% of this revenue is distributed as rewards to those staking the ILV tokens through an ILV buyback system.

Unlike most other blockchain-powered games, Illuvium features a fully 3D environment, with over 100 unique Illuvials found scattered throughout its various regions. Each Illuvial is designed by a team of world-class artists, ensuring it appeals to players accustomed to big-budget retail games.

Beyond this, it boasts a number of features that help it stand out from both other blockchain-enabled games and AAA titles. These include:

• Layer-2 Integration: Although Illuvium is secured by Ethereum, it is built on Immutable X (IMX) — a layer-2 solution that is designed to help scale applications with NFT functionality. By leveraging Immutable X’s capabilities, Illuvium ensures players can mint and trade their NFTs with zero gas fees and practically instant transaction finality. Players always maintain custody of their assets while using IMX.
• The IlluviDEX: Illuvium features a built-in decentralized exchange (DEX) platform appropriately named the IlluviDEX. This can be used for trustlessly exchanging Illuvium assets, including Illuvial NFTs. A 5% fee is deducted from each sale and funneled into the rewards pool for ILV stakers.
• Yield Farming: A total of 3 million ILV — equivalent to 30% of the maximum supply (10 million) — are allocated to the Illuvium yield farming program. These will be distributed over a period of three years to users contributing liquidity and through various partner reward schemes.

Illuvium features a unique yield farming reward system, in that all ILV rewards earned through the yield farm are locked for a period of one year before they can be withdrawn.

However, stakers have the option to skip the unlock timer by converting their ILV rewards to a secondary in-game only asset known as sILV. By claiming their rewards as sILV, users receive the USD equivalent of sILV, and can spend their rewards early to purchase in-game items.

SILV cannot be withdrawn from the game and is not represented by a blockchain-based asset.

Although both Illuvium and Axie Infinity feature collectible in-game characters that can be battled, traded and upgraded, the scope of the game world surrounding these critters differs somewhat.

On one side, Illuvium is a 3D role-playing game with a gradually revealed storyline and massive, open, explorable landscape, whereas Axie Infinity is a highly popular, quirky 2D game that features adorable critters known as Axies that are reminiscent of Pokemon. These Axies can be bred, battled, and traded. For now, there is no story mode to speak of.

Both Illuvium and Axie Infinity feature a strong gamified DeFi element, which means there can be real Ether (ETH) at stake while playing either — since some Illuvials and Axies could fetch significant sums on the open market.

Unlike Axie Infinity, which uses a random assortment of assets to produce each individual Axie, Illuvium’s Illuvials are wholly unique. Each one features custom artwork and rigging to ensure they are distinct and bear characteristics that relate to their properties and region.

The two games clearly have some similarities, but Illuvium is primarily targeted towards traditional gamers who may or may not have experience with cryptocurrencies and NFTs, while Axie Infinity would mostly appeal to the crypto savvy.

Check out Gala Games (GALA) — another blockchain gaming platform aiming to make “blockchain games you’ll actually want to play.”

Find out more about Axie Infinity (AXS) — the blockchain-based trading and battling game that kicked off the play-to-earn trend.

Learn more about The Sandbox (SAND) and Decentraland (MANA) — two popular metaverse-focused gaming platforms.

Check out our deep dive into Illuvium.

Keep up with the latest crypto news, project deep dives and more on CoinMarketCap Alexandria.