Framework Ventures Takes $10M Leap into Illuvium

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Framework Ventures — the enterprise capital agency with deep pockets from a $400 million funding spherical final 12 months — simply proved its love for Illuvium, plonking $10 million into the Australian recreation studio that’s head over heels about NFTs.

Illuvium first unveiled the beneficiant funding spherical through its Discord chat room, adopted by an official stamp of approval on Twitter stating how Frameworks’ “unwavering help and dedication have been nothing in need of phenomenal:”

🔥 Thrilling information, Rangers!

We’re thrilled to declare that we have secured a further $10M funding injection from @hiFramework! Their unwavering help and dedication have been nothing in need of phenomenal. 🤝

With this beneficiant backing, we’re all set to turbocharge our… pic.twitter.com/ezgks8b9cT

— Illuvium (@illuviumio) June 1, 2023

The place the Glowing Funds are Headed

Though Illuvium remains to be in beta, the gaming platform has turned many heads within the Web3 gaming enviornment. With the play-to-earn setup and a mixture of open-world gameplay, it at the moment has three recreation modes for all to take pleasure in: Overworld, Area and Zero. All video games are constructed on the Ethereum blockchain community and its Layer 2 scaling resolution, Immutable X, which is used to extend scalability for NFT tasks and Web3 video games — the cherry on the cake.

Apparently, this isn’t the primary time Framework Ventures has supported Illuvium, main a funding spherical of $5 million in 2021. Shortly afterward, Illuvium proved it might pull within the large bucks, launching a LAND sale of $70 million. Framework’s latest injection of $10 million will now rocket Illuvium’s growth course of velocity.

Additional boosting its success, the Web3 gaming platform additionally introduced its becoming a member of forces with one other Immutable X gaming platform, GameStop, for a “game-changing occasion” and Promo D1sk sale beginning on June 12, with 20,000 D1sks containing pre-bonded Illuvitar NFTs utilized in its collectible card recreation:

🚀We’re thrilled to announce a groundbreaking collaboration between @illuviumio and @GameStopNFT for Promo D1SKs sale! Take a look at the small print within the hyperlink under! 🎮🌌 https://t.co/KQoluDLhWZ pic.twitter.com/TJAsZx8aDG

— Illuvium (@illuviumio) June 5, 2023

This collaborative ethos combines the significance of group and technological revolution, setting the stage for Illuvium to carve its place as a prime canine within the blockchain gaming panorama.

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