One of many highest profile blockchain sport initiatives since its 2021 launch, Illuvium has been going through some harsh realities because it enters 2025.
Its ILV token is down 98% from its all-time-high. Certainly, it’s presently beneath its launch value of $50. Equally, regardless of elevating nicely over $100 million in NFT gross sales and $27 million in VC funding, it expects to start out one other funding spherical in Q1 2025.
However hope springs everlasting and CEO Kieran Warwick says that with its annualized burn price all the way down to $11 million, the mission – which consists of three interlinked video games – is well-placed to develop in 2025.
His technique is to concentrate on open-world sport Illuvium: Overworld, which he says will likely be “our top priority in 2025,” including:
“Overworld holds the potential to welcome millions of new players from around the globe.”
Nevertheless, Warwick additionally confesses that to-date the sport has been too heavy on micro-transactions whereas missing when it comes to its fundamental gameplay.
“Going forward, we’re committed to creating a more player-friendly model. We’ll focus on making more content free, bundling payments into more seamless transactions, and ensuring the entire system feels fair and rewarding. Doing so will bring balance back to the economy and rebuild trust in our community,” he says.
It’s additionally price noting that the mission nonetheless has over $70 million-worth of ILV tokens in its treasury so it has loads of capability ought to it overcome present points.
You may learn the complete imaginative and prescient article for 2025 right here.
