Illuvium (ILV) token value spikes after its Epic Games Store listing, hinting at the game’s high potential.
In a groundbreaking development for blockchain gaming, the much-anticipated title Illuvium has secured a spot on the Epic Games Store, setting the stage for its Beta 3: Arena release on November 28. This strategic move has generated considerable excitement, propelling the Ethereum-based Illuvium (ILV) token to experience a significant surge in its market value.
The integration of Illuvium into the Epic Games Store, a platform boasting a user base of over 230 million by the end of 2022, catalyzed a swift appreciation in the ILV token’s price. Market data from CoinGecko reveals that the token’s valuation soared nearly 24% within hours post-announcement, climbing from roughly $65 to a high of $80.49. Although the price experienced a slight correction, settling at approximately $75.50, the token still exhibited a commendable 17% rise within a day and an impressive 94% increase over the prior month.
Illuvium is not merely a single-faceted game but a rich, multi-genre fantasy universe. Developed on the Immutable X platform, known for its Ethereum scaling solutions, the game intricately weaves together an expansive open-world experience with the thrill of auto-battler competition. It also stands out for its utilization of non-fungible tokens (NFTs) such as digital land parcels, which have already seen substantial commercial success, exemplified by a $72 million sale in June 2022.
Illuvium’s AAA Aspiration
The gaming community’s anticipation is palpable as Illuvium, which demonstrated exceptional visual and dynamic elements in its open-world beta, gears up to unveil its latest developments in the upcoming beta. Experts from the industry have previously recognized the title’s potential to ascend to ‘AAA’ status within the blockchain gaming niche. This potential is bolstered by the game’s sophisticated visual quality and the promise of an immersive player-vs-player (PVP) experience.
The Epic Games Store has established itself as a welcoming environment for crypto-centric games, contrasting with the more restrictive approach of its competitor, Steam. Illuvium joins the ranks of other successful blockchain-based games on the Epic platform, such as Gods Unchained and Blankos Block Party. These games have managed to thrive despite the more stringent regulations imposed by alternative gaming marketplaces, highlighting the store’s role as a burgeoning hub for innovative gaming experiences that incorporate NFT and cryptocurrency elements.
As the blockchain gaming industry continues to evolve, the success of Illuvium on platforms like the Epic Games Store could herald a new era of mainstream acceptance for crypto-related gaming ventures. The upcoming beta is not just a milestone for Illuvium but a testament to the burgeoning synergy between the gaming industry and blockchain technology, potentially paving the way for more high-caliber, blockchain-integrated gaming experiences in the future.