Illuvium

ILV Price

Illuvium (ILV) TL;DR

Illuvium is a decentralized franchise of interconnected, high-quality games built on the Ethereum network that allows players to own their in-game assets as non-fungible tokens.

• The project uses Layer 2 technology to facilitate gas-free transactions for trading and gameplay activity.

• All assets, including the collectible creatures (Illuvials) and virtual land, are owned by the players as NFTs.

• The token, ILV, serves as the primary governance and utility token for the entire gaming ecosystem.

What Is Illuvium

Illuvium's primary function is to offer a high-production-value gaming experience combined with verifiable digital asset ownership, a concept known as play-to-earn. The project is an open-world fantasy role-playing game where players explore, capture creatures called Illuvials, and use them in battle arenas. The ILV token is necessary for the ecosystem's economic model because 100% of the game’s generated revenue is eventually distributed back to those who stake the token, creating a direct financial mechanic linked to game activity.

What Makes Illuvium Unique

• Interoperable Universe: The project is a series of interconnected games (including Illuvium: Arena and Illuvium: Zero) where digital assets are designed to be used across multiple titles.

• Community Governance: The project is managed as a Decentralized Autonomous Organization (DAO), which is a structure where ILV token holders vote on key game mechanics and economic decisions, granting the community direct influence over the project’s development.

• Zero-Fee Trading: The project utilizes a dedicated Layer 2 solution for its marketplace, IlluviDex, which ensures players can trade their in-game NFTs without incurring Ethereum's transaction fees.

What Can You Use ILV for?

• Governance: Holders of ILV can participate in the DAO to vote on proposals that affect the game's direction, economics, and feature development.

• Staking Rewards: Users can stake ILV to earn rewards from a distribution pool funded by all in-game fees and marketplace revenue.

• Utility: A synthetic version of ILV can be used as in-game currency for things like purchasing fuel, which is necessary for exploration and upgrading assets.

• Asset Ownership: Players capture Illuvials, which are creatures represented as non-fungible tokens (NFTs) that can be traded on the IlluviDex marketplace.

How Does Illuvium Work?

Illuvium is built on the Ethereum blockchain but processes the majority of its transactions, including NFT minting and trading, on Immutable X. This is a Layer 2 scaling solution that utilizes Zero-Knowledge Rollups (zk-Rollups), a technology that bundles hundreds of transactions off-chain and submits a single, cryptographic proof of their validity back to Ethereum. This method allows the game to achieve high transaction speeds and eliminate gas fees for players while still inheriting the core security features of the Ethereum mainnet.

The platform is managed by a Decentralized Autonomous Organization (DAO), which is a collective governed by code and token holders who determine its operational future by voting on proposals.

Institutional Partnerships

Illuvium has established significant partnerships with firms that support infrastructure and competitive gaming:

• Immutable X: Provides the core Layer 2 technical infrastructure, ensuring gas-free minting and trading of in-game NFTs.

• Chainlink: The project uses the Chainlink Verifiable Random Function (VRF), a decentralized oracle (a tool that provides external data to smart contracts), to ensure fair and tamper-proof outcomes for in-game events like NFT raffles.

• Team Liquid: The project has partnered with the global esports organization to host competitive tournaments, demonstrating a focus on professional competitive gaming.

• Regulatory Efforts: Illuvium Labs has initiated the process for regulatory licensure with the Virtual Assets Regulatory Authority (VARA) in Dubai, aiming to establish a clear legal framework for its DAO structure.

Team Info and Investors

Illuvium was co-founded by brothers Kieran and Aaron Warwick, with Aaron serving as the chief game designer and story supervisor. The founding team benefited from the advice and connections of their brother, Kain Warwick, a known figure in decentralized finance. The development effort is substantial, with a large team of contributors including artists who have experience working on major feature films. The project secured early funding from venture capital firms including IOSG Ventures, Delphi Digital, and LD Capital, and continues to receive support from entities like VanEck.

Where can you buy Illuvium?

ILV tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Illuvium is Binance, where the most active trading pair ILV/USDT has a trading volume of $170,081.75 in the last 24 hours. Other popular options include OKX and MEXC.

What is the daily trading volume of Illuvium (ILV)?

The trading volume of Illuvium (ILV) is $1,917,869.44 in the last 24 hours, representing a 11.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Illuvium (ILV)?

Illuvium (ILV) reached an all-time high of $1,911.26 and an all-time low of $3.31. It’s now trading -99.80% below that peak and 10.70% above its lowest price.

What is the market cap of Illuvium (ILV)?

Market capitalization of Illuvium (ILV) is $34,831,848 and is ranked #582 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ILV tokens (9.5 Million tokens are tradable on the market today).

What is the fully diluted valuation of Illuvium (ILV)?

The fully diluted valuation (FDV) of Illuvium (ILV) is $35,241,853. This is a statistical representation of the maximum market cap, assuming the maximum number of 9.6 Million ILV tokens are in circulation today. Depending on how the emission schedule of ILV tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Illuvium compare against its peers?

With a price decline of -9.20% in the last 7 days, Illuvium (ILV) is underperforming the global cryptocurrency market which is down -4.30%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Illuvium (ILV) to MetaMask?

Adding Illuvium (ILV) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import ILV as a token. You can copy ILV’s contract address (0x767fe9edc9e0df98e07454847909b5e959d7ca0e) and import it manually, or if you've installed MetaMask's chrome extension, add ILV to MetaMask with one click on CoinGecko.

Add ILV to MetaMask.