Vulcan Forged will use the funding to expand its operations in North America.
Global investment firm SkyBridge Capital led an $8 million Series A funding round for blockchain game studio Vulcan Forged, the companies have announced.
The funding round also includes the option for an additional $33 million investment, according to a SkyBridge Capital press release. Vulcan Forged also confirmed the announcement via its official Twitter account.
We can now take VF to the next level, especially in North America with our new donors.$PYRhttps://t.co/EpkXFhBjCW
— Vulcan Forged (@VulcanForged) September 21, 2022
Strategic investment by Anthony Scaramucci
Jamie Thomson, the founder and CEO of Vulcan Forged, sees this as a strategic investment in a “perfect timefor it and the company will benefit from it to continue its growth momentum.
Notably, Vulcan Forged, also a leading incubator for decentralized applications (dApps), will use the funding to accelerate the growth of its metaverse-as-a-service engine called MetaScapes.
According to the game-to-earn gaming company, the funds will help it scale its operations in North America and other key markets. As part of the expansion, the company will open a new office in New York City.
Vulcan Forged has released some top web3 game titles, including VulcanVerse, Berserk, and Forge Arena, and looks set to expand its reach with new ventures in the metaverse space with MetsScapes.
“Vulcan Forged and their MetaScapes engine are well positioned to completely disrupt the legacy gaming and entertainment industries and we are excited to take them to the next levelsaid Anthony Scaramucci, the founder and managing partner of SkyBridge Capital.
Elysium is a proof-of-stake (PoS) blockchain platform Vulcan Forged, launched in 2021. The highly scalable, low gas cost platform is purpose-built for decentralized applications, gaming and NFTs and other metaverse functions.