ForgeFun (Avarik Saga)

What ForgeFun (Avarik Saga) does

ForgeFun, operating under the Indonesian legal entity PT Karya Kelompok Kreatif, is a private game development studio building cross-platform tactical ACG (Anime, Comic, Gaming) RPG mobile titles that bridge Web 3.0 and Web 2.0 ecosystems. The studio's stated mission is to educate users about Web 3.0 concepts through interactive gameplay while delivering top-tier role-playing experiences. Its flagship product, Red Covenant, is an anti-hero fantasy RPG in which players build relationships with characters called Forsakens; the game is promoted via a dedicated site (redcovenant.com) alongside the corporate site (forgefun.io).

The studio is built on the Unity game engine, confirmed by a dedicated Unity Developer role, with Web 3.0 blockchain technology and AI integration forming the secondary technical pillars. ForgeFun employs a small, remote-first team of approximately 15-16 publicly listed members, including an AI/Web3 Tech Lead, Unity Developer & AI Prompter, illustrators, fullstack and WordPress developers, QA, designers, and community officers. The team operates under a "Work From Anywhere" policy and is Indonesia-based. Investors are referenced via logos on the company website but are not publicly named, and no funding amounts have been disclosed.

ForgeFun's revenue model centers on game sales and in-game purchases, with stated potential for Web 3.0 token and NFT mechanics within its titles. Go-to-market is community-led, leveraging direct-to-consumer website distribution, social media, and partnerships with multiple gaming guilds to reach two primary segments: Web 3.0 enthusiasts seeking accessible blockchain education, and ACG RPG gamers seeking cross-platform tactical role-playing experiences. No app store listings, pricing details, or disclosed revenue or user metrics are available.

Name

ForgeFun (Avarik Saga)

Legal name

PT Karya Kelompok Kreatif

Website

https://forgefun.io

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

ForgeFun (PT Karya Kelompok Kreatif) is an Indonesian game studio developing cross-platform ACG RPG mobile games with Web 3.0 blockchain integration. Its flagship title Red Covenant targets Web 3.0 enthusiasts and anime-style RPG gamers through community-led distribution and gaming guild partnerships.

Ownership category

akta.pro rank

Product category

Mobile Gaming / ACG RPG Development

NAICS

Software Publishers (5132)

SIC

Miscellaneous Publishing (2741)

akta.pro primary industry

Blockchain Game Studios & Game Development (FSAPAGAC)

akta.pro secondary industries

Web3/Blockchain Game Studios (MPAFAAAO), In-Game Asset Standards & Infrastructure (NFT items, marketplaces, royalties, asset registries) (FSAPAGAE)

Keywords

• Mobile game development
• ACG RPG games
• Web 3.0 gaming
• Tactical role-playing games
• Cross-platform gaming

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Game Sales and In-Game Purchases: ForgeFun generates revenue through developing and publishing games, with potential monetization through in-game purchases, premium game sales, or Web 3.0 token/NFT mechanics within their ACG RPG titles spanning Web 3.0 and Web 2.0 platforms.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

ForgeFun is a game development studio that creates tactical ACG (Anime, Comic, Gaming) role-playing games spanning both Web 3.0 and Web 2.0 platforms. Its flagship product, Red Covenant, is an anti-hero fantasy RPG where players build relationships with characters called Forsakens, designed to make Web 3.0 technology concepts accessible through engaging gameplay.

Product overview

ForgeFun Studio develops tactical ACG RPGs that operate across Web 3.0 and Web 2.0 platforms. The company's flagship product is Red Covenant, an anti-hero fantasy game featuring character relationship mechanics with Forsakens. ForgeFun positions itself at the intersection of gaming and Web 3.0 technology, aiming to make learning about digital revolution interactive through games.

Differentiator

Problem solved

Functional benefit

Products and services

• Red Covenant An anti-hero fantasy RPG game where players build real relationships with characters called Forsakens. The title spans both Web 3.0 and Web 2.0 platforms and is designed for ACG and tactical RPG enthusiasts seeking immersive role-playing experiences.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• PT Karya Kelompok KreatifcoreOthersLegal entity and parent company of ForgeFun Studio. The copyright notice indicates PT Karya Kelompok Kreatif as the registered entity for ForgeFun.
• Gaming Guilds (multiple partnerships)minorGTM or Marketing PartnerThe company maintains partnerships with multiple gaming guilds, as evidenced by guild logos displayed on their website. These partnerships support community engagement and distribution of Web 3.0 gaming content.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Star Atlas: Star Atlas is a Web3 space MMO/RPG built on Solana with deep token and NFT economies. Comparable as a blockchain-native RPG targeting enthusiast gamers and token-incentivized play, sharing a similar technology and audience profile with ForgeFun's Red Covenant.
• Big Time Studios: Big Time Studios develops a Web3 action-RPG (Big Time) with NFT-based in-game items and a focus on accessibility for mainstream gamers. Directly comparable as a small-to-mid studio building cross-platform Web3 RPGs competing for similar gamer demographics.
• Illuvium: Illuvium is a Web3 open-world RPG with creature-collection mechanics built on Immutable. Directly comparable as a blockchain-native RPG studio targeting both crypto-native and traditional RPG audiences with similar token and NFT monetization layers.

Broad incumbents

• Sky Mavis (Axie Infinity): Sky Mavis created Axie Infinity, the defining play-to-earn RPG that established the Web3 gaming category ForgeFun targets. Comparable as the benchmark for Web3 RPG design, token economies, and guild-based distribution that ForgeFun's model mirrors.
• Animoca Brands: Animoca Brands is the largest Web3 gaming conglomerate, operating and incubating dozens of blockchain game studios across genres including RPGs and anime-style titles. It is comparable as the dominant Web3 gaming ecosystem ForgeFun operates within and would seek partnerships or investment from.
• Gala Games: Gala Games operates a Web3 gaming platform with multiple titles spanning RPG, strategy, and simulation genres using the GALA token. Comparable as a multi-game Web3 publisher whose ecosystem approach mirrors ForgeFun's community-and-token-driven GTM.
• Wemade (MIR4): Wemade developed MIR4, a tactical MMORPG that integrated Web3 tokenomics (DRACO, MIR4 coins) and the WEMIX Play platform. Comparable as an established RPG publisher that has executed the Web2-to-Web3 transition ForgeFun is attempting.

Emerging players

• StepN / Find Satoshi Lab: Find Satoshi Lab (parent of StepN) is a Web3 gaming studio that pioneered the move-to-earn category and is now expanding into AI and broader gaming. Comparable as a high-profile Web3-native studio that has navigated both boom and bust cycles in token-incentivized gaming.
• Yield Guild Games (YGG): YGG is a Web3 gaming guild DAO that recruits players and lends in-game NFT assets across multiple blockchain games. Comparable because guild partnerships are core to ForgeFun's GTM, and YGG represents the institutional-scale version of the guilds already partnering with ForgeFun.

Others

• Immutable: Immutable is a leading Web3 gaming infrastructure provider (Immutable X / zkEVM) and publisher (Gods Unchained, Illuvium). Comparable as an enabling platform that ForgeFun could build on or partner with for NFT and token infrastructure within Red Covenant.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

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 ForgeFun (Avarik Saga)