Elysium

What Elysium does

Elysium is a Layer-1 blockchain built on Polkadot Substrate with full EVM compatibility, operated by Elysium Software Inc. as a subsidiary of Vulcan Forged. Founded in 2021 and headquartered in Athens, Greece with US legal entities (Texas, New York) and Singapore jurisdiction, Elysium targets web3 game developers, NFT projects, metaverse builders, and AI projects with claimed throughput of 2,500 TPS, carbon-negative network operations, and interoperability between blockchain networks. The platform supports Solidity and Vyper smart contracts and integrates with standard Ethereum tooling including MetaMask, Remix, Hardhat, Waffle, and Truffle.

The product portfolio is structured as a full ecosystem stack: core chain infrastructure plus Elysium Swap (DEX), Bridge (cross-chain), Agora Marketplace (NFT), Fortuna Wallet (self-custodial, multi-platform), CloudWallet, Faucet, Launchpad, Elysium Validator Program (minimum 50,000 PYR stake), and an Accelerator Program for onboarding web3 projects. Revenue is generated from transaction fees paid in the native $ELY token, NFT minting and marketplace fees, and validator staking economics. Notable named ecosystem projects include VulcanVerse, Berserk, ExoWorlds, Crystals of Fate, Rebel Cars, Dysto World, and Champ Association, several of which are developed by or affiliated with parent Vulcan Forged.

Elysium's go-to-market is community-led and developer-focused, leveraging Discord, Twitter/X, Medium, an active hackathon program ($1M prize pool announced), VulCon conferences in major cities, and an accelerator that offers mentorship, seed funding connections, and exchange introductions. The chain reports 73K+ NFTs minted, 9M+ blocks produced, and 22.56% network utilization. A $3M funding round was closed in April 2024 from undisclosed investors. The company has not disclosed revenue and remains private with 11-50 employees.

Name

Elysium

Legal name

Elysium Software Inc.

Website

https://elysiumchain.tech

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Elysium is a Layer-1 blockchain built on Polkadot Substrate with EVM compatibility, operated as a subsidiary of Vulcan Forged. It serves web3 game developers, NFT projects, and metaverse builders with 2,500 TPS throughput, a full ecosystem suite (DEX, Bridge, NFT marketplace, wallets, Launchpad, Accelerator), and carbon-negative operations.

Ownership category

akta.pro rank

Product category

Layer-1 Blockchain Platform

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming Services (7371)

akta.pro industry

PRIMARYFSAPABAA

Smart Contract Execution Environments (EVM/WASM, runtimes, precompiles)

Financial & Insurance/Blockchain & Web3/Smart Contract Platforms & Developer Tooling (SDKs, APIs, indexing, oracles)

SECONDARYFSAPAAAH

Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing)

Financial & Insurance/Blockchain & Web3/Blockchain Infrastructure & Protocols (L1/L2/L3s, consensus, scaling)

SECONDARYFSAPAAAE

Interoperability & Cross-Chain Messaging (bridges, IBC, messaging, routing)

Financial & Insurance/Blockchain & Web3/Blockchain Infrastructure & Protocols (L1/L2/L3s, consensus, scaling)

SECONDARYFSAPAGAB

On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins)

Financial & Insurance/Blockchain & Web3/Web3 Gaming & Metaverse Platforms (GameFi, virtual worlds, in-game assets)

SECONDARYFSAPABAG

Testing, Simulation & Local Dev Environments (testnets, forks, fuzzing, CI)

Financial & Insurance/Blockchain & Web3/Smart Contract Platforms & Developer Tooling (SDKs, APIs, indexing, oracles)

SECONDARYFSADACAJ

Cross-Chain Wallet & Asset Routing Infrastructure

Financial & Insurance/Crypto & Digital Assets/Custody, Key Management & Wallet Infrastructure

Keywords

• Layer-1 blockchain
• EVM-compatible chain
• Web3 gaming infrastructure
• NFT marketplace platform
• Decentralized exchange services

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Transaction Fees: Network generates revenue from transaction fees on the Elysium blockchain. Gas fees are paid in native $ELY token.
2. Validator Staking: Validators stake PYR tokens (minimum 50,000 PYR) to secure the network and earn block rewards for their contributions.
3. NFT Minting & Marketplace: 73,000+ NFTs minted on the platform through Agora Marketplace and various gaming projects. Revenue from minting fees and marketplace transactions.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Elysium operates a Layer-1 blockchain built on Polkadot Substrate with EVM compatibility, optimized for gaming, NFT, AI, and metaverse projects at 2,500 TPS and with carbon-negative operations. Around the core chain it offers a self-serve ecosystem of products including Elysium Swap (DEX), Elysium Bridge (cross-chain), Agora Marketplace (NFT), Fortuna Wallet and Elysium CloudWallet (self-custodial wallets), Elysium Faucet, Elysium Launchpad, and the Elysium Accelerator program for inbound web3 projects.

Product overview

Elysium is a Layer-1 blockchain platform built on Polkadot substrate with EVM compatibility, optimized for AI, Metaverse, NFT, and gaming projects. The ecosystem operates as a platform-plus-modules architecture centered on the Elysium Chain core (2,500 TPS, carbon-negative), supported by a suite of DeFi products (Elysium Swap DEX, Elysium Bridge cross-chain, Elysium Faucet), wallet solutions (Fortuna Wallet self-custodial, Elysium CloudWallet), NFT infrastructure (Agora Marketplace, Launchpad), developer tools (Documentation, Accelerator Program), and gaming dApps including ExoWorlds MMORPG, Crystals of Fate CCG, Rebel Cars racing, Dysto World metaverse, Champ Association phygital marketplace, and Wryon meme token. The network supports validators, offers a hackathon with $1M prize pool, and maintains interoperability with Ethereum tools.

Differentiator

Problem solved

Functional benefit

Brands

• Elysium Accelerator: Program offering mentorship, advisory, network opportunities, marketing amplification, and seed funding for web3 projects.
• Agora Marketplace
• Fortuna Wallet

Products and services

• Elysium Chain Layer-1 blockchain built on Polkadot Substrate with EVM compatibility, optimized for AI, Metaverse, NFT, and gaming projects at 2,500 TPS with carbon-negative operations and cross-chain interoperability. Targeted at developers building dApps and at users transacting on the network.
• Elysium Swap Self-serve decentralized exchange (DEX) for trading tokens within the Elysium ecosystem. Targeted at crypto traders and DeFi users.
• Elysium Bridge Cross-chain bridge for transferring crypto and digital assets between Elysium and other blockchain networks including Polygon and Ethereum. Targeted at users moving assets across chains.
• Agora Marketplace NFT marketplace for creating, minting, listing, and trading digital assets including Vulcanites, gaming NFTs, and community collections, with creator discovery, collection management, and real-time activity monitoring. Targeted at NFT creators, collectors, and gamers.
• Fortuna Wallet Self-custodial wallet designed for the Elysium Layer-1 blockchain, offering transactions, security, and unified asset management across Chrome extension, Android, and iOS. Targeted at end users transacting on Elysium.
• Elysium CloudWallet Non-custodial cloud wallet for sending and receiving crypto assets and exploring digital assets on the Elysium blockchain. Targeted at end users and developers.
• Elysium Faucet
• Elysium Launchpad Platform enabling users to find and invest in the next big blockchain project and connect with a community of crypto enthusiasts. Targeted at crypto investors and emerging project teams.
• Elysium Accelerator Accelerator program providing web3 projects with mentorship, advisory, network introductions, marketing amplification, seed funding connections, exchange introductions, and technical support from blockchain experts. Targeted at early-stage web3 startups and project teams.

Quantifiable outcome

• 73,000+ NFTs minted on the platform
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• LosslesscoreTechnology or IntegrationLossless integration provides a new layer of blockchain transaction security protecting Elysium users and communities from malicious exploits and attacks.
• MetaMaskcoreTechnology or IntegrationFull compatibility with MetaMask wallet, enabling users to interact with Elysium using the most popular Ethereum wallet.
• PolkadotcoreTechnology or IntegrationBuilt on Polkadot Substrate, enabling interoperability between different blockchain networks and enhanced functionality for NFTs.
• Vulcan ForgedcoreStrategic or Co-development PartnerParent company developing Elysium. Vulcan Forged ecosystem includes multiple gaming and NFT projects built on Elysium including VulcanVerse, Berserk, and others.
• Elysium Accelerator Alumni (Crystals of Fate, Champ Association, Rebel Cars)coreStrategic or Co-development PartnerProjects that have completed Elysium's Accelerator Program, representing successful ecosystem integrations and co-marketing relationships.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Astar: Astar is a Polkadot parachain supporting EVM and WASM smart contracts with an explicit dApp and gaming focus — a closely comparable Substrate-based, EVM-compatible L1 targeting similar developer segments.
• Immutable: Immutable is an Ethereum L2 (and broader zk-rollup stack) purpose-built for Web3 gaming and NFTs with its own marketplace and developer tooling — the closest direct analog to Elysium's gaming/NFT-focused L1 positioning.
• Flow: Flow is an L1 designed by Dapper Labs for consumer-scale NFTs and games (NBA Top Shot, NFL All Day), with an active NFT marketplace and developer ecosystem — closely analogous to Elysium's NFT/gaming infrastructure positioning.
• Ronin: Ronin is an EVM-compatible L1 purpose-built for gaming (originally for Axie Infinity) with an integrated DEX and wallet — a direct peer in the gaming-L1 category where the chain operator also runs the surrounding dApp ecosystem.
• Moonbeam: Moonbeam is a Polkadot parachain offering full EVM compatibility and cross-chain interoperability via XCMP — directly comparable to Elysium's Polkadot Substrate + EVM dual architecture.
• Oasys: Oasys is a gaming-optimized L1 chain with EVM compatibility, hub-and-spoke architecture, and partnerships with major Japanese and Asian game studios — directly comparable to Elysium's gaming-L1, EVM-compatible thesis.
• WAX: WAX is an EVM-compatible L1 focused on NFTs, gaming and digital collectibles with an integrated marketplace — a comparable niche-L1 competitor in the gaming/NFT category.

Broad incumbents

• Avalanche: Avalanche is a high-throughput, EVM-compatible L1 with explicit gaming subnets and major game-studio partnerships — a broader incumbent offering overlapping performance and gaming-chain capabilities to Elysium's target market.
• Polygon: Polygon operates a broad L2/L1 ecosystem (Polygon PoS, zkEVM, Polygon Supernet for gaming) with deep studio relationships and far greater capital — a broader incumbent offering overlapping gaming and NFT infrastructure capabilities.

Regional players

• Klaytn: Klaytn is an Asia-centric, EVM-compatible L1 with strong gaming, metaverse and NFT partnerships (LINE, groundX) — a regional peer with a comparable gaming/metaverse product surface, though focused primarily on the Korean/Japanese markets.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Elysium_VF
• LinkedInlinkedin.com/company/elysiumnetworkoffical

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elysium