Ethereum-Based NFT Gaming Project Explodes More Than 70% This Week Amid Flurry of Updates

An Ethereum (ETH)-based non-fungible token (NFT) gaming project skyrocketed by more than 70% this week amid a flurry of new upgrades.

The utility and governance token of Illuvium (ILV) surged to a weekly high of $105 from a low of $61.81 on January 29th.

Illuvium is a project that aims to build open-world fantasy games. The 180th-ranked crypto asset by market cap has slightly retraced and is trading at $95.21, up over 5% in the last 24 hours.

In January, Illuvium released the alpha version of its third game, Illuvium Zero, a building and land development mobile and desktop game. On Thursday, the project released the latest update to Illuvium Zero, which aims to fix some of the new game’s bugs.

Illuvium also overhauled its website this week.

Additionally, the project announced a planned upgrade for Illuvium: Overworld, an open-world exploration game that is currently in private beta.

“Illuvium: Overworld will soon feature fully optimized plant physics, influenced not just by your movement but also by wind! This will add new layers to the traversal experience. If you’re clever, maybe you can use it to your advantage.”

Despite the price gains this week, ILV remains nearly 95% down from its all-time high of $1,911, which it hit in November 2021.

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