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Illuvium is a blockchain-based NFT video game built entirely on top of the Ethereum platform. With the overall growth of the NFT metaverse and blockchain-based gaming sectors, Illuvium (ILV) token has surged to new highs amid the fantasy battle game’s rising popularity.
<h2><strong>Illuvium (ILV) Sees Increased Price Performance</strong></h2>
Over the past two months, Illuvium’s native <a href="https://www.coingecko.com/en/coins/illuvium" target="_blank" rel="nofollow noopener">ILV</a> token has seen a positive price performance. According to data from CoinGecko, ILV after hitting a low of $29.32 on June 22, jumped to a new all-time high of 1,765% at $545.26 on Aug. 13.

The token’s tremendous price increase can be attributed mostly to the introduction of multi-asset staking features on the ILV protocol including the general growth of the <a href="https://www.cryptoknowmics.com/news/evolution-and-trends-in-non-fungible-tokens-nfts/">NFT sector</a> which has been increasing steadily since July.

On June 30, the team behind Illuvium introduced a new staking mechanism for the ILV token with later expanding its capabilities to include other play-to-earn blockchain video games like <a href="https://www.cryptoknowmics.com/news/axie-infinity-exceeds-nba-top-shot-in-its-weekly-nft-transactions/">Axie Infinity</a> (AXS).

Holders of the ILV token could earn a 39.77% yield from flexible staking that can be withdrawn at any time. While those willing to lock their tokens on the protocol will receive almost 80%.

Meanwhile, users who provide liquidity on SushiSwap can earn a yield ranging from 283% to 566%, depending on the amount of time locked.

https://twitter.com/illuviumio/status/1419920018775494660
<h2><strong>NFTs are Here to Stay</strong></h2>
Another reason for ILV’s growth includes the release of new custom character development for notable crypto influencers. The strategy helped drive interest in the project, with the added benefits of winning one custom NFT from the project.

Lastly, the overall growth of the blockchain-based gaming industry helped propelled the token's price increase. For instance, as of August 2, the total year-to-date accumulated volume on <a href="https://www.cryptoknowmics.com/news/opensea-becomes-first-nft-marketplace-to-surpass-1-billion-in-monthly-volumes/">OpenSea</a> was $1.02 billion. This signifies that the volume seen during the month of August was nearly three times higher than the total volume traded between January 1 and August 2 of 2021.

https://twitter.com/opensea/status/1432720066433404936

Illuvium (ILV) Token Rallies Amid Recent Demand in NFT Video Games

<span style="font-weight: 400">Kieran Warwick of <a href="https://www.illuvium.io/" target="_blank" rel="nofollow noopener">Illuviam</a> revealed details regarding how blockchain games can go AAA as they have not been known for well-crafted 3D graphics or immense gameplay. Warwick is the Co-Founder of the upcoming title Illuviam that just might alter this and redefine what blockchain games can be.</span>
<h2><span style="font-weight: 400">Kieran Warwick Defining Illuviam in his own words</span></h2>
<span style="font-weight: 400">Kieran Warwick revealed details regarding Illuviam mentioning that it is the first AAA gaming title based on blockchain offering high-fidelity graphics and addictive gameplay. </span>

<span style="font-weight: 400">Talking further about specific details, the players are going to be immersed in a well-hinged, gorgeous open-world RPG where they traverse a vast and varied landscape, fighting and capturing Illuvials, the deity-like monsters, which can be sold on an exchange.</span>

<span style="font-weight: 400">In addition to this, it should be known that Illuviam is completely decentralized and governed by a council that is elected by the players and 100% of in-game profits go back to the stakeholders and players.</span>

<span style="font-weight: 400">Describing the Illuviam <a href="https://www.cryptoknowmics.com/news/illuvium-launches-and-gains-support-from-major-industry-players/">ecosystem</a>, Warwick revealed that they have 25K members at present in their Discord and over 5K token holders and are constantly growing.</span>

<span style="font-weight: 400">Furthermore addressing the role of Von Neumann in overseeing the development of the project, he revealed that Von is their anonymous art director and is a highly creative, hermetic, and touch-eccentric person.</span>
<h2><span style="font-weight: 400">Illuvial and Cryptokitties Advancement Differences</span></h2>
<span style="font-weight: 400">Cryptokitties are an extremely efficient way to generate thousands of non-fungible tokens with small differences as they, along with the other colleagues in this space, make use of procedural art which means computer-generated in a batch sense.</span>

<span style="font-weight: 400">They have striven to generate characters at Illuviam that are distinct and do not look like they are stock characters in an assortment of duplications.</span>

<span style="font-weight: 400">Moreover, he said that the <a href="https://www.cryptoknowmics.com/news/evolution-and-trends-in-nfts/">NFT industry</a> is going to explode in the next few years provided that the gamers become more aware of Play-to-Earn.</span>

Illuvium (ILV) Token Rallies Amid Recent Demand in NFT Video Games

Kieran Warwick of Illuvium on How Blockchain Games can go AAA

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