What is IIIuvium?
Illuvium is an MMORPG (Massively Multiplayer Online Role Playing Game) built on the Ethereum blockchain that lets users search the universe for Illuvials. The core components of the Illuvium gameplay are a 3D open-world game with an open world to explore. Also, an NFT creature collector, and an auto battler. The “deadly beasts who rule this alien world” known as Illuvials are captured by the players. The NFT used in the game is called an “illuvial,” which is a collectible NFT created on the Ethereum blockchain. They have market value and can be purchased, sold, and upgraded.
Players can engage in combat using their IIIuvials, and the victorious one will receive ether (ETH). Players can stake their tokenized assets in this play-to-earn crypto portion of the game, giving them the opportunity to acquire NFTs. In addition, Illuvium offers a number of minigames that give players the chance to win extra prizes, such as more in-game money that can be used to buy new IIIvials or upgrade their current ones. Illuvium’s creation represents a significant turning point for the blockchain gaming sector because it’s thought to be the first AAA blockchain game. It is also one of the first video games to provide in-game items that can be moved and used outside of the game.
How Does Illuvium Work?
Illuvium is more like a full-fledged video game even though it contains blockchain-based components. The decentralized exchange and yield farm are just two of the supporting DeFi applications that surround it. It can be accessed through a desktop app that can be downloaded.
Players engage in daily quests and challenges while exploring the Illuvium landscape, fighting Illuvials and other players, and following the shared plot. They gather illuvial along the way, which have a variety of traits that make them variable in rarity, utility, and desirability. These consist of:
Classes: Empath, Fighter, Guardian, Rogue, and Psion.
Affinities: Air, Earth, Fire, Nature, and Water.
The most crucial characteristics of each Illuvial are their class and affinity, but they also have a wide range of other characteristics that influence how effective they are in battle. Some of these characteristics include attack power, attack speed, and savagery. Illuvials can be improved with in-game items and upgraded into a special “ascended” form, which gains the advantages of two affinities simultaneously, and they grow stronger with each victory.
Each Illuvial is represented by a distinct non-fungible token (NFT), which is available for free trading on third-party exchange platforms and the gas-free IlluviDEX (more on this later). They are available in normal, holographic, and dark holographic varieties, the latter of which is much rare, and they can also be fused into more potent forms. There will be several revenue streams in the game, but the majority will come from in-game purchases of goods, crafting materials, cosmetics, and shard curing. Through an ILV buyback system, all of this revenue is distributed as rewards to those who stake ILV tokens.
Also Read: What Are Generative Art NFTs? How Much Are They Worth?
How to Play Illuvium?
Here are some fundamental steps to take if players want to start playing Illuvium right away:
- Step 1: Go to Illuvium.io and click “Register” to create a new account
- Step 2: Fill in all required information for your account
- Step 3: Confirm the registration at your email
- Step 4: Download and Install Illuvium to start a game
What are the benefits of playing Illuvium?
Playing Illuvium has a variety of advantages, such as:
- Gaining benefits for each victory in a battle.
- The opportunity to engage in game community activities and contribute to game development.
- IIIvials can be traded on the game’s decentralized exchange.
Also Read: My Neighbor Alice: An Introduction To The Play-To-Earn Crypto Game
What are the risks of playing Illuvium?
Playing Illuvium comes with some dangers, such as
- The potential for financial loss if you make poor trades on the decentralized exchange of the game.
- There’s a chance that the game’s popularity will decline, which might cause the IIIvium token’s value to drop.
What is the Illuvium (ILV) token?
The native token of Illuvium is an ERC-20 token that comes in two varieties: ILV and sILV. It can be used in both the Illuvium game and its ecosystem. Although sILV can be used to start playing the game right away, ILV rewards are vested for a year. Ten million dollars total, with three million dollars allocated as stake rewards.
The sILV token
All ILV incentives from the yield farm are frozen for a year before they can be withdrawn, which makes the yield farming rewards system in Illuvium unique. As it doesn’t seem to be a blockchain-based asset, the sILV token is always present in the game.
Stakers can avoid the unlock timeframes and users can claim their sILV rewards and earn the USD equivalent by converting ILV payouts into sILV, a secondary in-game asset. They can also use their awards to buy early access to in-game items.
What are the Shards?
Illuvium uses a “Shard” to catch the “Illuvials,” whereas the Pokémon video game uses a “Pokéball” to capture a Pokémon. To catch different levels of Illuvials, there are various levels of shards. Stronger and rarer Illuvials can be captured using powerful shards, but doing so would be a waste of time and effort with weaker shards.
What makes Illuvium unique?
The first AAA blockchain-based video game is Illuvium. The scope of earlier iterations of blockchain-based video games, like CryptoKittes and Axie Infinity, was constrained. Depending on how well Illuvium does, these play-to-earn blockchain-based mechanics may be adopted by a lot more gaming environments.
Free-to-play games with large player bases already exist, including Fortnite, Call of Duty: Warzone, Apex Legends, and others. These games rely on the sale of skins and items, all of which could be converted into NFTs with real-world value.
When will Illuvium be released?
Even though Illuvium isn’t yet available, eager players might not have to wait too long. Late 2021 or early 2022 was the target launch date for the first private beta. In late Q1 2022, an open beta that anyone can participate in will launch after the second private beta, which is slated for mid-Q1 2022. A mobile version of the game is also planned for release in the latter half of 2022.
How do I invest in Illuvium?
ILV tokens are available for purchase on numerous well-known exchanges, including Crypto.com, Binance, SushiSwap, and KuCoin. Users’ll need a user account to do that. The exchange a user is using will determine how they create an account.
Users must deposit money into their newly created accounts in order to purchase ILV tokens. Again, it will depend on the exchange they’re using and how much money they have to deposit. After receiving their ILV tokens, users can either keep them or exchange them on the decentralized game exchange. Depending on how well-liked the game is, ILV token prices will change. The cost of ILV tokens will raise as the game’s popularity grows.
How to make money on Illuvium?
To be profitable in Illuvium, Play-to-Earn players may need gaming expertise. Here are some potentially profitable ways to use Illuvium.
- Option 1: Create a well-planned Illuvial team, then enter a battle arena or a tournament to meet other players. ILV tokens will be awarded as a prize for winning.
- Option 2: Users can simply use their ILV tokens to wager on the results of those matches rather than participating in the fighting mode. ILV tokens will be awarded for accurate predictions, while inaccurate predictions will cost the user their tokens.
- Option 3: It has been mentioned before that looking for Illuvials for sale in IlluviDEX is an easy way to earn in Illuvium. Users’ profits will be significantly increased if they exchange newly discovered and uncommon Illuvials that are the first registered on Illuviary.
Also Read: What Is Gameta: How To Play Web3 Games On Gameta?
Illuvium: Is It Free to Play?
On a Tier 0 server, Illuvium offers users a free-to-play option that they can use as a trial game experience to get a feel for the game and make practical preparations. In order to participate in the actual Illuvium battlefields, in which all brave gamers are participating, certain funds are needed to purchase in-game NFTs.
How to Mint the NFT Illuvials?
Understanding the term “minting,” which refers to the process of turning a digital file into an NFT, is crucial for those new to NFTs. The process of minting NFTs will give rise to a new Illuvial in the world of illuviums, which will have the aforementioned fusion feature. The two illuvial will, therefore, be burned in the same way as the NFT burning process once they have been combined to create a new illuvial.
All players are encouraged to mint NFT Illuvials. In comparison to their predecessors, the new Illuvials will always be more powerful and have higher levels. Additionally, there is an “Illuviary,” which is an encyclopedia of illuvial species and the people who discovered them. This means that if you create a brand-new epic Illuvium, it will be listed on the Illuviary under your name and you can sell it for an absurd sum of money.
Illuvium (ILV) Price Analysis
Our most recent analysis of Illuvium price expects that by February 5, 2023, it will be worth $ 71.60, an increase of 9.50%. The Fear & Greed Index currently reads 51, and experts say the current sentiment is Neutral (Neutral). In the past 30 days, Illuvium recorded 21 of 30 (70%) green days and 18.28% price volatility. It’s a good time to buy Illuvium right now based on the forecast.
Illuvium’s price at the time of writing is $65.35, with a market capitalization of $ 133 million and a 24-hour trading volume down by 9.46%. Now it stands at $25 million. At the same time, the circulating supply is approximately 2,047,914 ILV as per the crypto market tracker CoinMarketCap.
Also Read: Explain Sunflower Land: How Do You Verify Sunflower Land?
What is the purpose of Illuvium Token (ILV)?
ILV token owners can use their tokens primarily for two things:
- Staking: Using an Ethereum wallet and both ILV and ETH tokens as a gas fee, ILV tokens can be staked on https://staking.illuvium.io.
- Governance Objective: Players who possess ILVs have the right to join the Illuvium DAO, which is in charge of voting on all in-game suggestions for future enhancements.
How to Buy ILV Illuvium?
Investors who are interested in ILV can start trading with Zipmex right away. Iluvium is an NFT game that is based on the idea of an open-world MMORPG. However, where players can immerse themselves in virtual experiences and beautiful scenery. This game is also regarded as one of the most profitable sources that shouldn’t be disregarded by play-to-game players and NFT investors.
Is illuvium a good investment
Illustrium is fundamentally a decentralized platform that enables users to create and exchange non-fungible tokens (NFTs). NFTs are distinctive digital assets that can stand in for anything. It varies from digital collectibles to physical goods like art or real estate.
Although investing in illuvium can be intimidating at first. However, there are a few important things to think about that can help users decide if it is a good investment opportunity for them. These comprise learning about the platform’s underlying technology. Also comprehending its market potential, and weighing the risks of investing in this newly-emerging crypto asset.
The public’s attention has been drawn to Illuvium’s recent activities. However, it appears that this project has a very good chance of success. They have a very clear idea of what they want the game to be. Also, they are moving along very well. There is a lot of content planned for the game’s future and it is already playable. Illuvium is a company to keep an eye on because of its skilled development team and thoughtful business plan.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
Also Read: The Sandbox Game: Discover SAND Metaverse; Play and Earn NFT Rewards
The post Illuvium Game: A beginner’s Guide To The Trending Web 3 Game appeared first on CoinGape.
Discussion about this post