Illuvium, which is one of the most anticipated blockchain games in the world, was made by Kieran Warwick. The game is based on Pokemon, and players can fight with creatures called Illuvials. Each Illuvial is a unique token that can’t be traded (NFT).
But the market for NFTs and cryptocurrencies has seen a big drop in demand this year. Warwick says that he is focused on making something that will be successful no matter how it works. So far, 1.8 million people have signed up, but only about 30,000 have been allowed into the private beta.
They don’t want to go big yet, but for a game that hasn’t even come out yet, that’s a pretty good number. Illuvium Zero is a free-to-play game where the whole economy is run by virtual land. There are a limited number of resources, and people who own land plots get 5% of all the money made by the ecosystem as a whole.
The team could do an Illuvial sale right now and go sell $300 million worth of Illuvials, but that would ruin the game. They want everyone to have an equal start when the game starts.
You could say it turned out to be a lot of a gamble, but they’ve done a great job of keeping their ETH price so far. It does seem crazy that people would pay as much or more for virtual land than they would for a down payment on a real house.
That’s what they wanted to do with Illuvium Zero, but his brother decided at the last minute that the graphics weren’t ready yet, which greatly slowed down the launch. So they never planned to sell NFTs without a game, but that’s how it turned out.
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