Buy Illuvium (ILV)

What is Illuvium?

Illuvium is a blockchain-based, decentralised role-playing game (RPG) built on Ethereum. It utilises Immutable X's Layer-2 scaling technology to enhance the gaming experience by enabling fast transactions and eliminating gas fees. Illuvium incorporates a play-to-earn structure where users can earn ILV tokens by participating in in-game activities.

How does Illuvium work?

Illuvium operates on the Ethereum blockchain and leverages Zero-Knowledge Rollups (zk-Rollups) for scalable and secure transaction processing. The game's ecosystem uses the ILV token, an ERC-20 token, for governance, staking, and in-game transactions. Illuvium's governance is decentralised, allowing ILV holders to vote on key decisions. The platform also utilises NFTs to represent various in-game assets that can be traded.

What are the potential use cases for Illuvium?

The primary use cases for Illuvium include:

• Blockchain Gaming: As a play-to-earn game, Illuvium offers a new revenue model for gamers through token rewards and the trading of in-game NFTs.
• Decentralised Governance: The ILV token provides holders with governance rights, allowing them to influence the game's future.
• Staking and Liquidity: Players can stake ILV tokens to earn rewards and participate in the game's economy.
• NFT Marketplace: Illuvium supports an active marketplace for trading digital collectibles and in-game items.

What is the history of Illuvium?

Illuvium was founded in 2021 by Kieran and Aaron Warwick, taking inspiration from other blockchain-based games to provide a unique decentralised gaming experience. It has rapidly evolved with significant funding and community engagement. The project has reached several milestones, including launching an open beta, integrating advanced blockchain technologies, and securing partnerships to expand its ecosystem. The development of Illuvium is managed by the Illuvium DAO, ensuring decentralised decision-making.