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 at present below its launch value of $50. Equally, regardless of elevating effectively over $100 million in NFT gross sales and $27 million in VC funding, it expects to begin one other funding spherical in Q1 2025.
However hope springs everlasting and CEO Kieran Warwick says that with its annualized burn fee right down to $11 million, the undertaking – 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 can be “our high precedence in 2025,” including:
“Overworld holds the potential to welcome thousands and thousands of latest gamers from across the globe.”
Nonetheless, Warwick additionally confesses that to-date the sport has been too heavy on micro-transactions whereas missing when it comes to its primary gameplay.
“Going ahead, we’re dedicated to making a extra player-friendly mannequin. We’ll concentrate on making extra content material free, bundling funds into extra seamless transactions, and guaranteeing the whole system feels honest and rewarding. Doing so will deliver steadiness again to the economic system and rebuild belief in our group,” he says.
It’s additionally value noting that the undertaking 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 total imaginative and prescient article for 2025 right here.
