SINGAPORE, 15 December 2023 – Today, it is announced that Polemos, a leading Gaming Infrastructure Platform, has been chosen as the official lending technology provider for Illuvium, the groundbreaking open-world fantasy battle game built on the Ethereum blockchain and Immutable. Polemos and their technology partner Guardian Labs will implement their current lending product, the Armory, for Illuvium as part of this agreement.
This strategic partnership between Polemos and Illuvium marks a significant milestone in the growing intersection of gaming and decentralised finance (DeFi). Polemos’ innovative non-collateralized lending solution, “The Armory,” will revolutionise the way players interact with and utilise in-game assets.
The Armory, developed by Polemos and Guardian Labs, introduces a world-first independent blockchain game platform that allows gamers to rent digital assets without the need for collateral or deposits. Unlike traditional gaming platforms, The Armory enables borrowers to have access to the actual game NFTs (Non-Fungible Tokens) during the rental period, providing an authentic and immersive gaming experience, and provides the lender with complete protection of the asset in game.
The partnership will on completion provide comprehensive lending and staking capabilities for in-game assets such as land and Pokemon style ‘Illuvial’ NFTs, and a more transparent and protected lending environment for asset owners and Illuvium players.
“Illuvium is an innovative force within the gaming industry, seamlessly blending blockchain technology and immersive gameplay into an experience that will change the way we perceive and interact with virtual worlds” said Richard McLaren – Polemos CEO.
“This partnership, a first for asset ownership games, will be looked back upon as a key milestone in ownership games because it crystallises the true features and functionality of an advanced secondary lending market” said McLaren.
The Armory platform, which is chain and game agnostic and can operate across various blockchains, already supports Polygon games, and through the development agreement will support games on Immutable, IMX and zkEVM. Polemos further plans to integrate with other major chains such Solana, BNB, Arbitrum, Avalanche, and TON in the future, expanding its reach and accessibility to a wider range of gamers.
Yan Liberman, Partner at Delphi Ventures said: “This collaboration between Polemos and Illuvium brings a host of benefits to the gaming community. The Armory platform provides low-cost borrowing and lending opportunities, allowing players to try out high-value in-game assets without the need for full ownership. This opens up new possibilities for gamers to experience the thrill of rare and sought-after items without significant investments”.
The technology behind The Armory has been audited by Halborn, a leading blockchain security firm, and ensures the protection of lent items from unauthorised actions and transfers. This reassures both Illuvium players and asset owners that their valuable digital assets are secure within the lending system.
With this partnership, Polemos and Illuvium are committed to pushing the adoption of GameFi (Game Finance) and creating an enhanced gaming experience for players. The collaboration speaks to a shared vision of innovation, transparency, and community engagement within the gaming and blockchain industries.
For more information about Polemos and Illuvium, please visit their respective websites:
Polemos (www.polemos.io) is the blockchain gaming platform for players. The Polemos platform provides news, information and services (like collateral free lending of game assets) to blockchain game players, making it the irreplaceable one-stop-shop for the interested, the ambitious, and the committed in blockchain games. The Polemos team believe passionately that player ownership and control of in game items is coming to all gaming and exists to support players of all abilities getting involved and achieving their goals. Based in Singapore, Polemos Labs is a globally distributed team of gamers, engineers, writers, artists and designers dedicated to supporting players all around the world.
About Guardian Labs:
Guardian (https://guardianlabs.org/programmable-gamefi) delivers programmable Web3 blockchain game infrastructure for game publishers and platforms. Founded on the principles of integrity and innovation our aim is to protect users in web3. Our white labelled game solution allows game developers to quickly and easily integrate safe, audited lending functionality for game NFTs without the cost of custom infrastructure, leaving them to focus on their players and their game.
Illuvium is an innovative and groundbreaking open-world fantasy battle game built on the Ethereum blockchain. It offers players a unique and immersive gaming experience that combines elements of exploration, creature collection, and player-versus-player (PVP) battles. In Illuvium, players have the opportunity to capture, nurture, and train creatures called Illuvials, each with their own unique abilities and characteristics.