What is Illuvium (ILV)?

The Ethereum blockchain-based decentralised game platform Illuvium (ILV) enables players to gather and engage in combat with creatures known as Illuvials. Non-fungible Tokens (NFTs), which are special and have various properties that might affect gameplay, serve as the Illuvials' representation.

The History of Illuvium

Illuvium was established in 2021 by a group of seasoned blockchain and gaming industry experts. The team's goal was to develop a platform for next-generation gaming that makes use of NFTs and decentralised finance (DeFi) capabilities to produce an engaging and immersive gaming experience.

The Use Case of Illuvium

In Illuvium, players can explore a fantastical environment populated by creatures that can be gathered, trained, and engaged in combat. Every Illuvial is different and has certain qualities that make it a valuable item that may be bought, sold, or utilised in combat. With a focus on giving players an interesting and dynamic experience, the game is made to be very immersive.

With the ability to earn incentives in the form of ILV tokens for playing the game, Illuvium also has a strong economic element. The ILV tokens can be traded on cryptocurrency exchanges, used to buy more Illuvials, or utilised as liquidity on decentralised exchanges (DEXs).