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Ethereum Gaming Franchise Illuvium Undergoes Restructuring, Lays Off Core Contributors

Company Restructuring

Illuvium, a gaming franchise built on the Ethereum blockchain, has undergone a company restructuring, resulting in layoffs and some core contributors opting to take pay cuts or receive their wages in the gaming IP’s own token.

Ambitious Vision

The downsizing comes after Illuvium released a trio of interconnected games last year—Overworld, Arena, and Zero—that covered varying genres. Despite its ambitious vision, the community’s reaction wasn’t overwhelmingly positive following years of development.

Concerns and Adjustments

In December, co-founder Kieran Warwick admitted that “concerns” about the franchise’s gameplay were valid and that things had to change. Part of this included that Illuvium had “significantly” reduced its costs by capping wages at $85,000, among other adjustments.

New Measures

However, Warwick said that more substantial cuts had to be made. In a statement, he explained that the team made the difficult decision to restructure their core contributor team to bring their monthly burn rate closer to $500,000.

Employee Reactions

According to Rich, the Illuvium Community Manager, some employees have “generously offered” to take pay cuts, while others have chosen to receive their salary in the project’s ILV token rather than the USDC stablecoin. The team is now down to 66 core contributors, down from between 100 to 150 people as of late.

Future Plans

Illuvium’s goal is to extend its 24-month runway to continue development. The franchise now has a 24-month runway to continue development, which will get the project to the point of completing its auto-battler, starting the rework of Overworld, and attempting to keep the community engaged.

Conclusion

The restructuring of Illuvium is a significant step in the franchise’s journey to reposition itself for future success. With a more streamlined team and a focus on one game at a time, the company is confident in its ability to deliver a high-quality gaming experience to its community.

FAQs

Q: What is the current status of Illuvium’s development?

A: Illuvium’s development is ongoing, with a focus on completing its auto-battler and reworking Overworld.

Q: How many core contributors does Illuvium have now?

A: The team is now down to 66 core contributors, down from between 100 to 150 people as of late.

Q: What is the current burn rate of Illuvium?

A: The company’s monthly burn rate is now closer to $500,000.

Q: Will Illuvium be seeking fresh funding in the near future?

A: No, the company is not planning to seek fresh funding at this time.