According to the Illuvium roadmap, the public beta version of the game will launch in the first quarter of 2022 for desktop, with a mobile release to follow later in the year. Illuvium price is currently $1,112.16 a 24-hour trading volume of $55,035,574. The 3D fantasy battle game aims to attract casual players as well as decentralized finance (DeFi) users with assets for trading and collecting. Players will collect creatures called Illuvials, which are NFTs that they can trade on external exchanges and the IlluviDEX decentralized exchange. Any Illuvials captured in battle become part of the player’s collection and are used to fight other players.
The ILV token is used to reward players and enable them to participate in the game’s DAO. Revenue from sales of in-game items is distributed to players that stake their ILV tokens. Illuvium uses sILV, a synthetic ILV token, as in-game currency for certain functions like travel and shard curing. Players earn sILV by staking ILV. SILV cannot be for trading Illuvials. The game is based on Immutable X, a layer 2 protocol running on the Ethereum blockchain for NFTs that provides instant confirmation of trades, high scalability, and zero gas (transaction) fees.