Illuvium, an upcoming NFT (non-fungible token) game, is on the cusp of a significant market leap as it prepares to debut on the Epic Games Store. The announcement of its impending release has triggered a surge in the value of the Illuvium token, ILV, indicating a heightened enthu...
Illuvium, an upcoming NFT (non-fungible token) game, is on the cusp of a significant market leap as it prepares to debut on the Epic Games Store. The announcement of its impending release has triggered a surge in the value of the Illuvium token, ILV, indicating a heightened enthusiasm preceding its launch. Set to premiere on November 28, Illuvium’s Beta 3: Arena test is anticipated to center on player-versus-player (PVP) action, made available through the widely popular PC gaming storefront, the Epic Games Store.
Illuvium token experiences a significant rise
The impact of Illuvium’s presence on the Epic Games Store, boasting a substantial user base of 230 million as of 2022, has been immediate. Data from CoinGecko illustrates a swift and substantial rise in the price of the Illuvium token on the Ethereum network. Before the announcement, ILV was trading at around $65 per token but quickly surged to a peak of $80.49, marking a rapid 24% increase within a few hours. Currently, the token’s price has stabilized at $75.50, indicating a notable 17% increase within the last 24 hours and an impressive 94% rise over the past 30 days.
Illuvium, built on the Ethereum scaling network, Immutable X, offers a fantasy action game encompassing diverse gaming styles, including an open-world adventure and an auto-battler competitive mode, utilizing various NFTs (non-fungible tokens), such as virtual land plots. Notably, one digital land NFT sale generated $72 million in purchases in June 2022. In a previous hands-on experience with the Illuvium Overworld open-world beta in May, Decrypt’s GG showcased enthusiasm for the game’s visual quality and dynamic movements.
Epic Games store and its role in NFT games expansion
The platform touted its potential as a blockchain game with true “AAA” gaming caliber. The upcoming Beta 3 release on November 28 will provide insight into the game’s progression over the intervening months. The Epic Games Store has emerged as a friendly platform for games integrated with NFTs and crypto tokens. Titles like Gods Unchained, Raini: The Lords of Light, and Blankos Block Party have found a home in this marketplace. In contrast, leading rival storefront Steam has explicit regulations against blockchain games.
Nonetheless, some game developers have managed to navigate these restrictions. Illuvium’s surge in price and its integration into a prominent gaming platform like the Epic Games Store signal the increasing traction of NFT-based games in the gaming industry. The move underscores the rising significance and potential acceptance of blockchain gaming within the wider gaming community.
As the November 28 release date for Illuvium’s Beta 3 draws near, gaming enthusiasts and investors alike await the game’s performance and reception, keeping a keen eye on how this advancement in the NFT gaming realm will unfold. This latest development hints at the evolution of gaming landscapes, where NFT integration and blockchain technology are gradually becoming integral components of the gaming experience, indicating potential shifts in the industry’s future trajectory.