Vulcan Forged
Vulcan Forged is a Web3 ecosystem focused on blockchain gaming and NFTs, comprising Vulcan Studios (a Web3 gaming studio), Elysium (a carbon-neutral Layer-1 blockchain optimized for gaming, metaverse, and AI projects), and an upcoming Metaverse-as-a-Service platform. The ecosystem is powered by two tokens: PYR and ELY, and features over 10 NFT and gaming projects including VulcanVerse, an open-world massive…
Funding snapshot
About
Vulcan Forged is a Web3 ecosystem focused on blockchain gaming and NFTs, comprising Vulcan Studios (a Web3 gaming studio), Elysium (a carbon-neutral Layer-1 blockchain optimized for gaming, metaverse, and AI projects), and an upcoming Metaverse-as-a-Service platform. The ecosystem is powered by two tokens: PYR and ELY, and features over 10 NFT and gaming projects including VulcanVerse, an open-world massive multiplayer online role-playing game (MMORPG), and Berserk, an immersive trading card game (TCG) available on both mobile and PC. Additional games include PaintOlympus, a Greek mythology-inspired game where players earn NFTs and ELY tokens, along with various other titles spanning first-person wave-based games, military defense games, survival games, and esports CCGs. Vulcan Forged operates the Agora NFT Marketplace and Cedalion Marketplace for buying and selling digital in-game assets, and provides Elysium Swap, Elysium Bridge, and Elysium Scan tools. The platform supports staking through $V Drip, where users lock PYR to receive distributions of $V, and offers FrenzyPass for earning ELY. The ecosystem has a community of over 20,000 members on Discord and provides My Forge for tracking in-game activities, achievements, XP, and earnings. Founded in 2020 and headquartered in Athens, Greece, Vulcan Forged has raised $8.0M in Series A funding from investors including SkyBridge, FTS Capital, Red Swiss Venture Capital, and TD.VC.
Business model
Blockchain Infrastructure > Application Development Platforms > DeFi > NFT Developer Tools > NFT Marketplaces > Games,
Investment Tech > Alternative Investment Platforms > Non Fungible Tokens > Marketplaces > For Gaming NFTs,
PC & Console Gaming > Game Developers > Web Games > Core Games > Rewards Based > Cryptocurrency
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