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Forge Gaming Platform Garners $11M in Initial Funding for Innovative Incentive Mechanism
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Forge Gaming Platform Garners $11M in Initial Funding for Innovative Incentive Mechanism

Oct 24, 2023

Forge, the groundbreaking gaming platform revolutionizing the sector by compensating players for their in-game milestones, has successfully raised an astounding $11 million in its initial funding phase. This investment round saw participation from renowned backers such as Animoca Brands, BITKRAFT Ventures, and Makers Fund. Other significant contributors include HashKey Capital, Polygon Ventures, Formless Capital, and Adaverse. This financial milestone was achieved alongside the platform's beta debut on October 18th.

We’re honored and incredibly excited to announce our $11m seed round led by @BitkraftVC, @animocabrands, and @makersfundvc with participation from @HashKey_Capital @0xPolygon @FormlessCapital Adaverse.Forge (@Forge)

Originating from the creative minds of gaming luminaries Dennis "Thresh" Fong, Kun Gao from Crunchyroll, and George Ng from Cyence, Forge started in 2020 as an innovative AI-based game moderation tool. The foundational GGWP project laid the groundwork for a novel venture dedicated to amplifying gamers' roles within gaming communities.

Central to Forge's philosophy is the concept of consolidating a player's in-game achievements into a single unified profile. Carlos Pereira of BITKRAFT Ventures voiced enthusiasm about this notion, spotlighting the platform's unique method of choosing games and devising quest-driven incentives to bolster community expansion. This strategy not only enriches the gaming experience but also magnetizes more interest, encouraging gaming developers to join the platform.

Forge Gaming Platform Garners M in Initial Funding for Innovative Incentive Mechanism - news

Industry powerhouses such as Riot Games, Sony Innovation Fund, Krafton, and Griffin Gaming Partners have rallied behind Forge. On top of these heavyweights, the platform has also drawn interest from influential figures like Steve Chen from YouTube, Twitch pioneers Emmett Shear and Kevin Lin, Marc Merrill from Riot Games, and many other prominent figures in the gaming sphere.

Kun Gao, co-founder, communicates his aspirations for Forge, underscoring the essence of valuing gamers for their unique identity, gaming journey, dedication, and active participation. The beta unveiling of Forge signals the commencement of an exhilarating era teeming with a broad spectrum of games and enthusiastic partners set to join forces.

To inaugurate the beta session, Forge has teamed up with notable titles like The Sandbox and Pixelmon. The plan is to roll out fresh games on a weekly basis during this period. The beta is accessible to the public for registration, presenting enthusiasts with the opportunity to snag a special edition founders badge, which grants exclusive privileges within the Forge realm.

With its commitment to reinventing the gaming realm by prioritizing and acknowledging gamer contributions, and bolstered by the recent $11 million seed fund injection, Forge is firmly on the path to realizing its ambitious goals.

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