Blockchain Gaming Studio Illuvium Raises $10M from Framework Ventures

Kieran Warwick, co-founder of blockchain gaming studio Illuvium, announced that Illuvium has raised an additional $10 million in funding from Framework Ventures via token sale. The tokens involved in the fundraising will be locked for two years and won't be staked, thus won't receive revenue distributions.

Kieran Warwick said the funds raised will be used to accelerate Illuvium's development as well as to support the distributed group of contributors. Illuvium will soon launch an AAA gaming universe with three games, Illuvium: Zero, Illuvium: Overworld and Illuvium: Arena.

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.