Illuvium, a GameFi project that faced significant challenges during the downward market trend of 2022, has recently made an announcement regarding its strategy to safeguard its revenues from the game Beyond. In order to mitigate the risks presented by uncertain macroeconomic conditions, Illuvium plans to establish a "Safety Pool." This pool aims to provide a sustainable source of funds for the project's DAO operations. By allocating all revenues from Beyond to the Safety Pool, Illuvium can ensure financial stability and continue its game development efforts. This decision comes as a response to the volatile GameFi market landscape, providing Illuvium with a safety net to navigate potential future challenges.
Keiran Warwick, co-founder of Illuvium, highlighted the significance of the Safety Pool in funding game development using revenue. This strategic move allows Illuvium to differentiate itself from other GameFi projects that rely solely on external fundraising or token sales. By utilizing the generated revenue from Beyond, Illuvium can ensure the long-term sustainability of its operations and focus on enhancing the gaming experience for its players.
Beyond, the game developed by Illuvium, features NFTs that have been hand-drawn by a team with experience at prominent game companies such as Blizzard, Magic The Gathering, and Sega. These meticulously crafted NFTs add substantial value to the Illuvium ecosystem and attract players who appreciate high-quality artwork. Players who complete specific objectives in Beyond will unlock in-game cosmetics that can be utilized across the Illuvium ecosystem, providing them with a sense of achievement and exclusive rewards.
In addition to Beyond, Illuvium has also launched Zero, its first mobile game and third title overall. This alpha version of Zero is exclusively available to investors who hold Illuvium's digital land plots. Zero allows players to build and manage their own "digital industrial complex" on the land, engaging in activities such as mining in-game fuel that can be sold alongside other NFTs. This expansion of Illuvium's game offerings showcases its commitment to diversifying its portfolio and providing different gaming experiences to its community.
All the games in the Illuvium series are live on ImmutableX, an Ethereum Layer 2 platform specifically designed for web3 gaming. ImmutableX offers gas-free NFT minting and hosts various popular web3 gaming titles such as Gods Unchained, Ember Sword, and Guild of Guardians. By leveraging the capabilities of ImmutableX, Illuvium can provide its players with a seamless and efficient gaming environment, while also benefiting from being a part of the broader Ethereum Layer 2 ecosystem.
ImmutableX currently ranks as the fifth-largest Ethereum Layer 2 platform, with a total value locked of $127 million, according to L2Beat. This highlights its growing importance in the Ethereum ecosystem and its ability to cater to the needs of web3 gaming projects like Illuvium. The integration with ImmutableX allows Illuvium to tap into a larger gaming community and benefit from the network effects created by other successful projects on the platform.
In summary, Illuvium has announced its plan to store all revenues generated from the game Beyond in a Safety Pool, providing a buffer against uncertain economic conditions. By using the revenue to fund game development, Illuvium aims to ensure the long-term sustainability of its operations. Beyond's hand-drawn NFTs, created by experienced artists, add value to the Illuvium ecosystem and offer players the opportunity to unlock in-game cosmetics. The Illuvium series, including games like Beyond and Zero, is hosted on ImmutableX, an Ethereum Layer 2 platform known for gas-free NFT minting and hosting numerous web3 gaming titles. ImmutableX's growing prominence in the Ethereum ecosystem allows Illuvium to benefit from its network effects and expand its reach to a wider gaming community.