Co-founder Kieran Warwick says the reduction puts the Ethereum game studio past 12 months of runway, with the remaining team working almost entirely on its Overworld MMO.

Samsung Web3 TVs will feature Illuvium NFTs as part of the strategic partnership between the two entities.

The gaming giant appears to be undeterred by the recent downturn in the blockchain gaming sector, which declined 28% in June.

Onetime Darling of 2021 GameFi Market Returns with Overworld in Beta for 30,000 Gamers