$2M gaming guild fund raised for the RPG adventure game Illuvium
With a strategic investment round focused on the launch of its Illuvium RPG role-playing game, Polemos intends to enter the expanding P2E gaming market.
Polemos is a pay-to-play (P2P) gaming guild designed for nonfungible token (NFT) games. It has collected $2 million in a strategic investment round to concentrate on its open-world role-playing game (RPG).
Being an open-world RPG adventure game on the Ethereum network, Illuvium will be introduced as an open beta in Q1 2022. During the game,
Illuvials are NFTs that can be traded in this game, and players collect these NFTs. The digital avatars fight other opponents, complete the game quests, and grow more powerful every time they win a fight.
The funding round was announced on Friday and several companies participated in it. The investment firms Delphi Digital and Framework Ventures were the first to take part in this event. DeFi founders from SushiSwap, 1inch Exchange, Aave, and a number of others, also participated in this event.
Kieran Warwick, the co-founder of Illuvium, said:
"Guilds like Polemos will help players enter the Metaverse by assisting with capital and onboarding requirements. Meeting the needs of play-to-earn gamers is critical for sparking a mass mainstream adoption of crypto gaming. "
Polemos is building a GameFi system for learning management, a decentralized guild asset exchange, and a player analytics platform for the purpose of educating, tracking, analyzing, and managing players.
The company's goal is to provide gamers in underdeveloped countries with a platform for development by teaching them how to play or by giving them initial materials such as tokens and gaming stuff.
Considering the rapid and remarkable developments in NFTs and play-to-earn games, it seems that the future of the gaming industry belongs to NFTs and play-to-earn games, says Andrew Wilson, the CEO of Electronic Arts.
$150 million in USDT was frozen by Tether
A rationale for blacklisting three addresses has not been given by Tether, although it has done so in the past to cooperate with law enforcement and help exchan ...
JAN 14, 2022
Pakistanis have $20 billion in crypto assets
The local association chief said that Pakistanis have $20 billion in crypto assets, and they need to set up a policy for that. ...
DEC 22, 2021
With many parachain deployments, Polkadot anticipates disrupting Web 3.0.
Parachains have been among the greatest achievements of Polkadot and it took Polkadot five years to build them which were auctioned off to teams. ...
DEC 19, 2021
Reddit will go public
Internet forum Reddit Social network announced its plans of going public and it is filing for an IPO. ...
DEC 17, 2021