Funding to further accelerate business growth and scale operations North America and existing key markets
NEW YORK, September 21, 2022 /PRNewswire/ — Forged volcano(“the Company”), a leading blockchain game studio and decentralized application (“dApp”) incubator, announced today that it has closed Series A funding led by SkyBridge Capital (“SkyBridge”), a global alternative investment firm specializing in cryptocurrencies, digital assets, fintech and venture capital.
SkyBridge led the 8 million dollars Round that includes the option to invest an additional one $33 million. This funding aims to further accelerate the growth of MetaScapes, Vulcan Forged’s patented Metaverse-as-a-Service engine, and enable the company to scale operations North America and existing key markets.
Building on the success of their hit Web3 gaming titles such as VulcanVerse, Forge Arena and Berserk, Vulcan Forged is launching a patented Metaverse-as-a-Service engine, MetaScapes, that allows users to create their own Metaverse land design and build and store that data in a non-fungible token (NFT). This innovative technology allows players to create their own metaverses with the click of a button and experience the power of virtual world creation with no coding required. MetaScapes is the result of several years of development, and the company expects that once the product is launched it will compete with the sprawling world of the popular game Minecraft.
“Vulcan Forged has experienced rapid organic growth over the past two years – growing from two employees to over 130 and attracting over 200,000 users across 15 games and dApps without any leverage,” the company said Jamie Thomson, Founder and CEO of Vulcan Forged. “As we try to expand into new markets, such as North America and open our office in NYCwe believe now is the perfect time to capitalize on our momentum with a strategic investment Anthony Scaramucci and his team at SkyBridge Capital.”
SkyBridge’s investment in Vulcan Forged is part of the company’s plan to invest in the burgeoning Web3 gaming and metaverse space as the sector matures and shows significant adoption and traction. In addition to assisting in scaling Vulcan Forged’s operations North Americathis investment also aims to boost the MetaScapes engine with additional resources through talent and capital.
“Jamie is a brilliant entrepreneur and has impressed me as he has taken Vulcan Forged from a small startup to a top 10 Metaverse project over the past two years, with a strong commitment to their growing community,” he said Anthony Scaramucci, Founder and Managing Partner at SkyBridge Capital. “Vulcan Forged and its MetaScapes engine are well positioned to completely revolutionize the legacy gaming and entertainment industry and we look forward to helping them take it to the next level.”
In 2021, Vulcan Forged created Elysium, its own proprietary proof-of-stake blockchain purpose-built for gaming, dApps, and other Metaverse activity with fast transaction speeds and low gas fees. In addition to being compatible with Ethereum Virtual Machine, Elysium is carbon neutral through its partnership with Coorest, which uses tokenized trees to offset its energy consumption and environmental impact. The more the Elysium blockchain is used, the more trees will be planted on over 5,000 hectares of land Spain and Greecespecially reserved for this purpose.
About SkyBridge Capital
SkyBridge Capital is a global alternative investment firm specializing in cryptocurrencies, digital assets, fintech and venture capital. The company founded by Anthony Scaramucci Founded in 2005 as a hedge fund investment firm, has evolved over the past 2+ years to capitalize on the opportunities of digital assets, an emerging asset class that is reshaping the future of investing. https://www.skybridge.com/
Forged via Vulcan
Vulcan Forged is a premier blockchain game studio, dApp incubator and cross-chain NFT marketplace. Vulcan Forged is the creator of popular Web3 gaming titles like VulcanVerse, Forge Arena, Berserk and over 15 other games and dApps with over 200,000 users in the community. https://vulcanforged.com/
prosec Partners, on behalf of sky bridge capital city
Jamie ThomsonCEO of Vulcan Forged
SOURCE SkyBridge Capital