Web3 Game developer Illuvium announces collectible card game

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Web3 Game developer Illuvium announces collectible card game

Illuvium, web3's game development team, added a collectible card game to its roster on Tuesday.

Illuvium: Beyond is the fourth game in the Illuvium series. In Illuvium, players must collect nFTs depicting characters from the Illuvium universe and compete to earn points by completing objectives.

With many GameFi projects among the hardest hit by the brutal 2022 bear trend, Illuvium plans to stash away all revenues from Beyond for a rainy day.

Safety Pool, designed to mitigate the risk of uncertain macroeconomic conditions by providing a unique source of runway to sustain DAO operations, has been named by Illuvium.

Keiran Warwick, Illuvium's co-founder, said that the Safety Pool allows Illuvium to finance game development using revenue.

In late June 2021, Illuvium's ILV token was a darling of the 2021 GameFi boom, surging up from a low of $30 in late June 2021 to an all-time high above $1,800 on Nov. 30, 2021.

But the giddy highs were short-lived, with ILV falling back down to triple-figures in early January 2022 and back below $100 last July. ILV bottomed out on $39 in November, and last traded hands for $80 - a 95.6 drop.

Warwick said Illuvium's market value fell by 30 per cent despite an uptick in the bear trend. Beyond's NFTs were hand drawn by a team with experience at major video game companies such as Blizzard, Magic The Gathering, and Sega.

Beyond will unlock In-game cosmetics that can be used in the Illuvium ecosystem, if players complete specific tasks in Beyond.

In January, illuvium released its third title and first mobile game, Zero, in alpha. The game is available to investors holding Illuvium's digital land plots. In Zero, players build and manage their own digital industrial complex, which includes mining in-game fuel that can be sold alongside other NFTs.

Illuvium also launched an RPG, Overworld, and an auto-battler, Arena.

Each game in the Illuvium series is hosted on ImmutableX, an Ethereum layer 2 designed for web3 gaming that boasts gas-free NFT minting. With a range of web3 games, ImmutableX has a presence, including Gods Unchained, Ember Sword, and Guild of Guardians.

L2Beat reported that ImmutableX, the fifth-largest Ethereum layer 2 with a total value of $127 million, is fifth-largest.