Vulcan Forged
Vulcan Forged is a privately held blockchain gaming company that operates the Elysium Layer-1 blockchain, the $PYR/$ELY token economy, and 10+ Web3 games (including VulcanVerse MMORPG and Berserk CCG) for retail gamers and NFT collectors.
- Company typePrivate
- Founded2020
- HeadquartersAthens, Greece
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What Vulcan Forged does
Vulcan Forged is a privately held blockchain gaming company founded in 2020, domiciled in Singapore with operational hubs in Athens, Greece and New York City, that operates an end-to-end Web3 gaming ecosystem spanning its own carbon-neutral Layer-1 blockchain (Elysium), a proprietary utility token ($PYR, fixed supply of 50 million, plus $ELY and $V), NFT marketplaces (Agora, Cedalion), and 10+ gaming titles including the open-world MMORPG VulcanVerse, the play-to-earn CCG Berserk, PaintOlympus, Vulcan Creed, Forge Arena, and Vulcan Runner. The Elysium chain was built specifically for gaming, NFTs, AI, and metaverse workloads, with migration of $PYR from Polygon (ERC-20) to the native chain completed in late 2024 reportedly driving 400%+ growth in daily transactions.
Vulcan Forged firmographics
Firmographics- Name
- Vulcan Forged
- Legal name
- Vulcan Forged
- Website
- https://vulcanforged.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Vulcan Forged is a privately held blockchain gaming company that operates the Elysium Layer-1 blockchain, the $PYR/$ELY token economy, and 10+ Web3 games (including VulcanVerse MMORPG and Berserk CCG) for retail gamers and NFT collectors.
- Ownership category
- akta.pro rank
Vulcan Forged industry classification
Industry- Product category
- Blockchain Gaming Platform
- NAICS
- Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Web3/Blockchain Game Studios (MPAFAAAO)
- akta.pro secondary industries
- Blockchain Game Studios & Game Development (FSAPAGAC), GameFi Economies & Token Systems (tokens, staking, sinks/sources, inflation control) (FSAPAGAG), Play-to-Earn & Reward Platforms (questing, loyalty, airdrop mechanics) (FSAPAGAH), In-Game Asset Standards & Infrastructure (NFT items, marketplaces, royalties, asset registries) (FSAPAGAE), On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB)
Keywords
Where Vulcan Forged is headquartered
LocationHeadquarters
- HQ city
- Athens
- HQ country
- Greece
- HQ region
- Europe
Offices1 record
Markets served
Vulcan Forged business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- NFT Marketplace Transactions: Facilitates peer-to-peer NFT trades on Agora Marketplace and Cedalion Marketplace, earning transaction fees from digital asset sales including Vulcanites, land plots, cards, and other in-game items.
- Token Economics: PYR token serves as primary utility currency across the ecosystem, used for in-game purchases, gas fees, staking rewards distribution, and governance. Revenue generated through token utility and network activity.
- Gaming Revenue: Revenue from in-game purchases including Frenzy Pass, Vulcan Vouchers, cosmetic items, and premium NFT cards within the Berserk CCG and VulcanVerse MMORPG.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free-to-play starter access |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
Vulcan Forged product offering
Product offeringCore offering
Vulcan Forged operates a Web3 gaming ecosystem built on its proprietary Elysium Layer-1 blockchain, offering a portfolio of 10+ blockchain-enabled games (Berserk CCG, VulcanVerse MMORPG, PaintOlympus, Vulcan Creed, Vulcan Runner, Forge Arena, Discover, Metascapes) developed by its Vulcan Studios division. The ecosystem is powered by the PYR and ELY utility tokens and includes NFT marketplaces (Agora, Cedalion) for trading in-game digital assets, a staking mechanism ($V Drip), and a freemium play-to-earn model where players earn crypto rewards and gain true ownership of NFT-based game assets.
Product overview
Vulcan Forged is a blockchain gaming ecosystem comprising multiple interconnected products: Elysium (a carbon-neutral Layer-1 blockchain powering the ecosystem), Vulcan Studios (web3 gaming studio with 10+ games), flagship games including VulcanVerse (MMORPG) and Berserk (CCG), the native $PYR and $ELY tokens, NFT marketplaces (Agora, Cedalion), staking mechanisms ($V Drip), and various gaming titles. The ecosystem supports over 10 NFT and gaming projects with a community of 20,000+ members.
Differentiator
Problem solved
Functional benefit
Brands
- Elysium: Carbon-neutral Layer-1 blockchain for gaming, metaverse, and AI projects
- Vulcan Studios
- VulcanVerse
- Berserk
- Agora Marketplace
- $V Drip
- Metascapes
- MyForge
- Cedalion Marketplace
Products and services
- Elysium Blockchain Carbon-neutral Layer-1 blockchain purpose-built for gaming, NFT, AI, and metaverse projects with lightning-fast transaction speeds, scalability, and enhanced security against malicious exploits.
- VulcanVerse Open-world MMORPG set in the Vulcan Universe with lore written by fighting fantasy authors, where players can own in-game assets as NFTs including land, Vulcanites, and items.
- Berserk Competitive blockchain collectible card game (CCG) with turn-based battles, creatures, spells, and play-to-earn mechanics rewarding $LAVA and $PYR. Available on iOS, Android, and PC with 12,000+ installations.
- Vulcan Studios Web3 gaming studio developing blockchain games that bridge classic gaming and Web3 (web 2.5), with a portfolio of 10+ gaming projects including VulcanVerse, Berserk, Vulcan Creed, and others.
- Agora Marketplace Premier NFT marketplace for trading and collecting digital assets including game NFTs, Vulcanites, and other in-game items within the Vulcan Forged ecosystem.
- MyForge Central gaming account platform for accessing the Vulcan Forged ecosystem, tracking in-game activities, achievements, XP, and earnings, with integrated wallet and Cedalion Marketplace access.
- $PYR Token Native cross-chain utility cryptocurrency with fixed supply of 50 million tokens, used for in-game transactions, network gas fees, staking, and governance voting across the Vulcan Forged ecosystem.
- $ELY Token Secondary utility token in the Vulcan Forged ecosystem, earned through FrenzyPass and various gaming activities.
- PaintOlympus Greek mythology-inspired game where players splash, upgrade, and conquer to earn NFTs and ELY tokens.
- Vulcan Runner Endless runner game where players prove how far they can push to survive.
- Forge Arena Multiplayer game where multiple players enter a dynamic and expansive game world.
- Vulcan Creed First-person 3D wave-based Greco-Roman themed game.
- Discover Avatar creation and discovery game featuring fantastical Vulcanites.
- Metascapes Metaverse-as-a-Service project and metaverse game being expanded with Series A funding from SkyBridge Capital.
Quantifiable outcome
- 400%+ growth in daily transactions since late 2024 Elysium migration
- +3 more outcomes
Companies that use Vulcan Forged
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Vulcan Forged technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Vulcan Forged partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights4 records
Vulcan Forged competitors and assessment
Company assessmentDirect peers
- Animoca Brands: Animoca Brands is a leading Web3 gaming and venture studio with a portfolio of 450+ investments including The Sandbox, Axie Infinity, and many blockchain games. Directly comparable as a multi-game Web3 ecosystem operator with proprietary token economies and NFT marketplace infrastructure.
- Immutable: Immutable provides a Layer-2 scaling solution (Immutable zkEVM) purpose-built for Web3 gaming, powering titles like Gods Unchained and Illuvium. Directly comparable as a Web3 gaming infrastructure provider with proprietary chain technology and integrated marketplace (Immutable Marketplace).
- Sky Mavis (Axie Infinity): Sky Mavis developed Axie Infinity, the pioneering play-to-earn blockchain game with its own Ronin chain and AXS token. Closely comparable as a Web3 game studio operating its own L1/L2 chain with token-driven P2E economics and NFT asset ownership.
- Gala Games: Gala Games operates a multi-game Web3 gaming ecosystem with GALA token and its own GalaChain, spanning town simulators, FPS, and strategy games. Directly comparable as a multi-game blockchain studio with proprietary chain and token economy.
- Enjin: Enjin provides blockchain gaming infrastructure including NFT standards (ERC-1155), EnjinCoin, and Efinity parachain. Comparable as a Web3 gaming infrastructure and token ecosystem provider focused on NFT asset standards.
- The Sandbox: The Sandbox is a decentralized virtual world / metaverse game where players own voxel LAND NFTs and create games with SAND token. Comparable as a Web3-native metaverse game with NFT land ownership and creator economy.
- Decentraland: Decentraland is a decentralized virtual world with LAND NFTs, MANA token, and an in-world marketplace. Comparable as a Web3 metaverse platform with token-driven economy and NFT asset trading.
- Wax (WAX.io / Worldwide Asset eXchange): WAX operates a Layer-1 blockchain purpose-built for NFTs, gaming, and virtual goods with WAXP token. Directly comparable as a gaming/NFT-focused L1 chain with marketplace and token economy.
Broad incumbents
- Polygon Studios: Polygon Studios is the gaming and NFT arm of Polygon, offering scaling infrastructure (MATIC/POL token) that hosts many Web3 games. Comparable as a broader Web3 gaming infrastructure provider on which Vulcan Forged's PYR token originally operated.
- Flow (Dapper Labs): Flow is a Layer-1 blockchain developed by Dapper Labs (creator of NBA Top Shot and CryptoKitties) optimized for consumer-grade apps including gaming and NFTs. Comparable as an established gaming-focused L1 chain with consumer-oriented NFT products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Vulcan Forged social profiles
Digital presenceVulcan Forged financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vulcan Forged leadership team
Management profileNumber of profiles
Vulcan Forged subsidiaries and ownership
Company hierarchySubsidiaries2 records
Vulcan Forged funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vulcan Forged M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vulcan Forged
What does Vulcan Forged do?
Vulcan Forged operates a Web3 gaming ecosystem built on its proprietary Elysium Layer-1 blockchain, offering a portfolio of 10+ blockchain-enabled games (Berserk CCG, VulcanVerse MMORPG, PaintOlympus, Vulcan Creed, Vulcan Runner, Forge Arena, Discover, Metascapes) developed by its Vulcan Studios division. The ecosystem is powered by the PYR and ELY utility tokens and includes NFT marketplaces (Agora, Cedalion) for trading in-game digital assets, a staking mechanism ($V Drip), and a freemium play-to-earn model where players earn crypto rewards and gain true ownership of NFT-based game assets.
Is Vulcan Forged a public or private company?
Vulcan Forged is a private company. It is classified as venture growth investor backed and is currently operating.
When was Vulcan Forged founded?
Vulcan Forged was founded in 2020. It employs 51 to 100 people.
Where is Vulcan Forged based?
Vulcan Forged is headquartered in Athens, Greece, in the Europe region.
How does Vulcan Forged make money?
Three revenue lines are on record. NFT Marketplace Transactions are the primary driver. The others are token Economics and gaming Revenue.
Who are Vulcan Forged's main competitors?
Direct peers on record are Animoca Brands, Immutable, Sky Mavis (Axie Infinity), Gala Games, Enjin, The Sandbox, Decentraland and Wax (WAX.io / Worldwide Asset eXchange). Broad incumbents are Polygon Studios and Flow (Dapper Labs).
Does Vulcan Forged have an API?
No public API is recorded for Vulcan Forged.
What industry is Vulcan Forged in?
Vulcan Forged's product category is Blockchain Gaming Platform. Its primary akta.pro industry code is MPAFAAAO, Web3/Blockchain Game Studios, with a secondary code of FSAPAGAC, Blockchain Game Studios & Game Development. Its NAICS code is 523210 and its SIC code is 6200.