Illuvium refocuses on MMOG lite Overworld for 2025
One of the highest profile blockchain game projects since its 2021 launch, Illuvium has been facing some harsh realities as it enters 2025.
Its ILV token is down 98% from its all-time-high. Indeed, it’s currently under its launch price of $50. Equally, despite raising well over $100 million in NFT sales and $27 million in VC funding, it expects to start another funding round in Q1 2025.
But hope springs eternal and CEO Kieran Warwick says that with its annualized burn rate down to $11 million, the project – which consists of three interlinked games – is well-placed to grow in 2025.
His strategy is to focus on open-world game Illuvium: Overworld, which he says will be “our top priority in 2025,” adding:
“Overworld holds the potential to welcome millions of new players from around the globe.”
However, Warwick also confesses that to-date the game has been too heavy on micro-transactions while lacking in terms of its basic gameplay.
“Going forward, we’re committed to creating a more player-friendly model. We’ll focus on making more content free, bundling payments into more seamless transactions, and ensuring the entire system feels fair and rewarding. Doing so will bring balance back to the economy and rebuild trust in our community,” he says.
It’s also worth noting that the project still has over $70 million-worth of ILV tokens in its treasury so it has plenty of capacity should it overcome current issues.
