Illuvium (ILV) API and Price Oracle

Illuvium

ILV
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x767F...ca0E
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Illuvium (ILV)?

Illuvium (ILV) is a decentralized fantasy battle game built on the Ethereum blockchain. It allows players to collect, battle, and trade digital creatures called Illuvials. The game combines elements of strategy, skill, and blockchain technology to create a unique gaming experience. Illuvium was founded in 2020 by Kieran and Aaron Warwick. The name "Illuvium" is derived from the Latin word "Illuvies," meaning "deluge" or "flood." Key facts include its focus on combing gaming and decentralized finance (DeFi) elements and its growing community of players and supporters.

How does Illuvium work?

Illuvium is a decentralized autonomous organization (DAO) focused on creating a blockchain-based game that combines elements of fantasy, adventure, and strategy. The underlying technology behind Illuvium is built on the Ethereum blockchain, utilizing its smart contract functionality to bring this game ecosystem to life.

At its core, Illuvium is powered by Non-Fungible Tokens (NFTs) and a layer of blockchain oracles. NFTs represent distinct in-game assets, such as characters, weapons, or items, which can be owned, traded, and utilized by players. These NFTs hold value as they are unique and can be scarce.

To ensure accurate and reliable data for gameplay, Illuvium employs blockchain oracles. A blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. In the context of Illuvium, blockchain oracles play a crucial role in providing real-time, up-to-date information about in-game events, player actions, and asset ownership.

Players can explore Illuvium's immersive world, engage in battles, and collect NFTs by participating in quests and challenges. Each player's actions are recorded on the Ethereum blockchain, ensuring transparency and immutability. By leveraging the power of blockchain technology, Illuvium grants players true ownership of their in-game assets and the ability to freely trade them on various NFT marketplaces.

In summary, Illuvium utilizes Ethereum's smart contract functionality, NFTs, and blockchain oracles to create a decentralized gaming ecosystem. Through this innovative approach, players can enjoy a captivating gaming experience while having full control and ownership of their in-game assets.

What are the benefits of Illuvium?

Illuvium is a blockchain-based game that offers several benefits compared to its direct competitors. Here are some of the key advantages:

1. Unique Gameplay Experience: Illuvium stands out with its revolutionary gameplay experience. It combines open-world exploration, strategic battling, and NFT collection in a visually stunning environment. This combination sets it apart from other blockchain games and traditional video games in the gaming industry.

2. High-Quality Graphics and Design: Illuvium features top-notch graphics and captivating design, which enhances the overall gaming experience. The immersive world and detailed character designs make it visually appealing, raising the bar for graphics in the blockchain gaming space.

3. Dynamic and Evolving Creatures: The game introduces a novel concept of autonomous and adaptive creatures. These creatures, known as Illuvials, evolve and improve their skills as players engage in battles and explore the game world. This dynamic nature of creatures adds depth and excitement to the gameplay.

4. 'Play-to-Earn' Mechanism: Illuvium adopts a 'play-to-earn' model, allowing players to monetize their in-game activities. By participating in battles, collecting rare NFTs, and exploring the world, players can earn valuable rewards. This incentive-driven system attracts both gamers and investors, as it offers real economic value to players.

5. Community-driven Development: Illuvium has a strong focus on community involvement in its development. The team actively seeks feedback and suggestions from the community, allowing players to directly influence future updates and features. This collaborative approach fosters a sense of ownership and engagement within the player base.

While there may be other blockchain games in the market, Illuvium's unique gameplay experience, high-quality graphics, dynamic creatures, 'play-to-earn' mechanism, and community-driven development set it apart from its direct competitors. Its innovative approach has garnered attention and excitement from the gaming community, positioning it as a promising player in the blockchain gaming industry.

What is Illuvium used for?

Illuvium is a blockchain-based gaming and virtual world platform built on the Ethereum network. It utilizes cryptocurrency and blockchain technology to create a decentralized gaming ecosystem where players can interact with non-fungible tokens (NFTs) and earn rewards.

One of the main use cases for Illuvium is its in-game economy. Players can acquire NFTs, which represent unique and valuable in-game assets, such as characters, items, or creatures. These NFTs can be bought, sold, and traded on the platform's marketplace, allowing players to build their digital collections and potentially profit from rare and sought-after assets.

Additionally, Illuvium offers a unique gameplay experience that combines strategy, battling, and exploration in a virtual world. Players can assemble teams of NFT-based creatures and participate in battles and challenges to earn rewards and level up their assets. The gaming experience is designed to be immersive and engaging, with stunning visuals and dynamic gameplay mechanics.

As for a specific case, one notable aspect of Illuvium is its focus on fostering a strong community. The platform encourages collaboration and competition among players, offering various multiplayer features, tournaments, and leaderboards. This not only creates a sense of camaraderie and social interaction but also adds value to the NFT assets by highlighting achievements and establishing a competitive environment.

In summary, Illuvium provides a decentralized gaming platform where players can utilize NFTs in a virtual world, engage in battles, and participate in the in-game economy. Its focus on community building and immersive gameplay sets it apart within the blockchain gaming space.

What is DIA's Illuvium API?

DIA's Illuvium API is a part of DIA's broader set of API endpoints that provide real-time price feeds for various crypto assets. These price feeds are curated using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, making them highly reliable and comprehensive.

DIA offers free API endpoints for developers to test, allowing them to access standardized and publicly available price feed data for informational purposes. This offers a straightforward and convenient way for developers to experiment and integrate DIA's price feeds into their applications.

However, the real value lies in DIA's custom API data feeds. These feeds can be fully customized according to the user's specific requirements, including selecting sources, methodologies, and update mechanisms. DIA's team will work closely with users to build dedicated API price feeds to ensure that the data provided is tailored to their needs.

The Illuvium API, along with other custom feeds offered by DIA, has various use cases within the blockchain ecosystem. For example, in the DeFi space, these price feeds can be utilized for derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi space, they can be applied to peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many other innovative applications.

In summary, while DIA does provide free API endpoints, the true value lies in their custom API data feeds, which offer flexibility and tailor-made solutions for users' specific requirements. These custom feeds can greatly enhance the accuracy and reliability of price data for various applications within the blockchain ecosystem. Developers can request a custom feed by contacting DIA through Discord or Telegram, and explore the vast possibilities that DIA's API offerings enable.

What is DIA's Illuvium price oracle?

DIA's Illuvium price oracle is a key offering from DIA, providing real-time price feeds for crypto assets and integrating with over 35 layer 1 and layer 2 networks. This means that DIA can deploy its price oracles on various blockchains. Unlike other web3 data providers, DIA's price feeds are constructed using raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring comprehensive and accurate information.

While DIA does offer demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA also provides custom price feed oracles that can be tailored to meet specific requirements. These custom feeds can be personalized in terms of sources, methodologies, update mechanisms, and more.

To request a custom feed, users can reach out to DIA via Discord or Telegram. The ability to customize feeds makes DIA's oracles highly useful for users who require specific configurations to meet their needs.

DIA's price oracles have a broad range of potential use cases within the blockchain ecosystem. In DeFi, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi space, DIA's oracles can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many other applications.

A blockchain oracle, in general, is an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in bridging the gap between on-chain and off-chain data, enabling smart contracts to access real-world information securely and accurately.

Why use DIA's ILV API & price oracle?

DIA's ILV API and ILV Price Oracle bring significant benefits to users in the blockchain ecosystem. These powerful tools enable users to access accurate and reliable price data for cryptocurrencies and NFTs. One of the key advantages of utilizing DIA's API and Price Oracle for the chosen token is the extensive customization options available.

With DIA's technology, users can tailor each oracle and API endpoint to suit the specific requirements of their decentralized applications. They can configure the data sources that make up the feed, apply data cleaning filters and pricing methodologies, and determine the frequency and mechanisms for feed updates. This customization ensures that the data and oracle remain resilient in various market conditions while providing global market and specific individual or cross-chain market prices.

Moreover, DIA's API and oracles offer a high level of transparency. Users benefit from full visibility and granular transparency throughout the data journey. DIA also provides tracking and monitoring tools to closely monitor its oracle and API feeds, ensuring reliability and accuracy.

In conclusion, DIA's ILV API and ILV Price Oracle provide users with customizable and transparent solutions for accessing reliable price data. With these powerful tools, users can confidently incorporate accurate and tailored information into their blockchain applications.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.