Illuviam has raised $5 million for its blockchain game.
Illuviam has raised $5 million for its blockchain game.
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Illuvium raises $5 million for NFT-based fantasy battle game

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Illuvium has raised $5 million to build a platform that combines non-fungible tokens, or NFTs, with a fantasy battle game. As such, it’s the latest to jump on the NFT craze, and the question is whether the company’s auto battler will be as good as it says it is.

NFTs are hot as enthusiastic crypto fans (who have boosted Bitcoin’s value to above $50,000 per coin) get more excited about buying and collecting NFTs, which can uniquely identify items and establish ownership. In the past couple of months, interest in NFTs has skyrocketed as NFT collectibles such as NBA Top Shot (a digital take on collectible basketball cards) have taken off, generating more than $100 million in sales.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.