KEY POINTS
Non-fungible token (NFT) game developer Illuvium has recently unveiled a collaboration with tech giant Samsung.
The partnership, as outlined in a blog post dated April 9, aims to blend their respective “universes,” leveraging Samsung’s technological prowess to enhance the Illuvium experience.
While precise details remain undisclosed, the overarching goal, as articulated in the post, is to bridge the gap between the virtual and the real, fostering a more immersive experience.
Dropping further hints on X (Twitter), Illuvium teased, “We’ve partnered with Samsung to bring Illuvium to homes around the globe!”
This strategic partnership represents a significant milestone for Illuvium, following closely on the heels of its successful Series A funding round last month, which saw the company secure $12 million from investors like Arrington Capital and King River Capital.
Established in 2020, Illuvium has swiftly emerged as a prominent player in the Web3 gaming industry, positioning itself as the world’s first Interoperable Blockchain Game (IBG) universe.
At the heart of the Illuvium ecosystem lies ILV, an ERC20 token on the Ethereum blockchain, serving dual roles as a governance and tradable asset.
Currently, Illuvium offers a diverse gaming portfolio including titles such as the card game Illuvium Beyond, the adventure-packed Illuvium Overworld, the creative sandbox Illuvium Zero, and the competitive auto battler Illuvium Arena.
The convergence of blockchain technology and NFTs has ushered in a paradigm shift in the gaming sector, introducing new concepts of ownership and earning models for players.
This trend has garnered significant attention and is poised to endure, as evidenced by industry statistics. According to Mordor Intelligence, the NFT gaming market is expected to expand to $471.90 billion by 2024, with continued growth forecasted to reach $942.58 billion by 2029.
