Vulcan Forged Secures $8 Million in a Series A Funding Round Led by SkyBridge Capital
The funding will help accelerate the growth of MetaScapes and expand Vulcan Forged's operations in North America and key markets.
Vulcan Forged aims to power the next-gen metaverse with a bigger war chest
This just in. Vulcan Forged has raised $8 million in a Series A funding round led by SkyBridge Capital. With that, the investment firm also has an option to invest another $33 million into the blockchain game studio and incubator.
According to the press release, Vulcan Forged will be using the funds to accelerate the growth of its patented metaverse-as-a-service engine, MetaScapes. The company will also use the fresh capital to expand its operations in North America and key markets.
To begin with, MetaScapes is one of the highly-anticipated products from Vulcan Forged. It is a metaverse maker that allows anyone to create virtual plots for free. What's more, users will be able to store data in NFTs, allowing them to trade their plots easily in the open market.
"Vulcan Forged has experienced rapid organic growth over the last two years - having expanded from two employees to over 130 and attracting over 200,000 users across 15 games and dApps without outside capital," said Jamie Thomson, Founder and CEO of Vulcan Forged.
"As we look to expand into new markets like North America and open our office in New York City, we believe that now is the perfect time to capitalize on our momentum with a strategic investment from Anthony Scaramucci and his team at SkyBridge Capital."
Make no mistake, MetaScapes is an ambitious project which took multiple years of development before coming to fruition. Once launched, Vulcan Forged expects to see MetaScapes competing with Minecraft, the popular virtual game by Microsoft.
"Jamie is a brilliant entrepreneur and has impressed me as he bootstrapped Vulcan Forged from a small startup to a top 10 metaverse project in the last two years, with a strong commitment to their growing community," said Anthony Scaramucci, Founder and Managing Partner at SkyBridge Capital.
"Vulcan Forged and their MetaScapes engine are well-positioned to completely disrupt the legacy gaming and entertainment industries and we are excited to help take them to the next level."