The power of data in gaming’s red-hot market
Illuviam 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,