NFT REVIEW NEWS Framework Ventures Takes $10M Leap into Illuvium

Framework Ventures — the venture capital firm with deep pockets from a $400 million funding round last year — just proved its love for Illuvium, plonking $10 million into the Australian game studio that is head over heels about NFTs

Illuvium first unveiled the generous funding round via its Discord chat room, followed by an official stamp of approval on Twitter stating how Frameworks’ “unwavering support and commitment have been nothing short of phenomenal:”

Where the Sparkling Funds are Headed 

Although Illuvium is still in beta, the gaming platform has turned many heads in the Web3 gaming arena. With the play-to-earn setup and a mix of open-world gameplay, it currently has three game modes for all to enjoy: Overworld, Arena and Zero. All games are built on the Ethereum blockchain network and its Layer 2 scaling solution, Immutable X, which is used to increase scalability for NFT projects and Web3 games — the cherry on the cake. 

Interestingly, this isn’t the first time Framework Ventures has supported Illuvium, leading a funding round of $5 million in 2021. Shortly afterward, Illuvium proved it can pull in the big bucks, launching a LAND sale of $70 million. Framework’s recent injection of $10 million will now rocket Illuvium’s development process speed.

Further boosting its success, the Web3 gaming platform also announced its joining forces with another Immutable X gaming platform, GameStop, for a “game-changing event” and Promo D1sk sale starting on June 12, with 20,000 D1sks containing pre-bonded Illuvitar NFTs used in its collectible card game:

This collaborative ethos combines the importance of community and technological revolution, setting the stage for Illuvium to carve its place as a top dog in the blockchain gaming landscape. 

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

26 NFT Points
Upvote Downvote


I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.

My Crypto Lawyer Sec News si hay que ir al tribunal para tener claridad regulatoria, que así sea 

Crypto Alerts Noticias Criptomonedas Visa está conectando las criptomonedas a su red de pagos global