Illuvium, a Web3 gaming company, secured $12 million in series A funding from investors like King River Capital, Arrington Capital, and Animoca Ventures. The funding will fuel new game development for their Q2 2024 releases. Illuvium offers a play-to-earn model with revenue-sharing, allowing players to earn ILV tokens. Recently listed on Epic Games, their AAA game attracts mainstream gamers. King River Capital, Immutable, and Polygon Labs announced a $100 million gaming fund, anticipating significant revenue growth in 2024.