Forge raises $11M to unlock rewards for gamers
Forge, a startup headed by veteran entrepreneurs, has raised $11 million for a platform to connect and reward gamers for their achievements.
The founders include gaming pioneer Dennis “Thresh” Fong, Crunchyroll founder Kun Gao, and Cyence founder George Ng. They have officially launched their beta version of the platform, allowing gamers to start earning rewards based on their gaming profiles.
The funding was led by prominent investors. Makers Fund, Bitkraft Ventures and Animoca Brands led the round. Other participants include Hashkey Capital, Polygon Ventures, Formless Capital and Adaverse.
Forge’s existing investors — carried over from the trio’s previous startup GGWP — include Griffin Gaming Partners, Riot Games, and Sony Innovation Fund. Forge’s angel investors include gaming industry leaders Riot Games founder Marc Merrill, Twitch founders Emmett Shear and Kevin Lin, TSM founder Dan Dinh, Kabam founders Kevin Chou and Holly Liu, YouTube founder Steve Chen, Krafton CEO CH Kim, former Discord CMO Eros Resmini (The Mini Fund), and ESL founder Ralf Reichart.
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Forge was born inside GGWP, a gaming startup that uses AI to stop toxicity in online games. GGWP was started in 2020 by Fong, Gao and Ng. For now, the founders are going to run both companies.
“We actually incubated the idea within GGWP,” Gao said in an interview with GamesBeat. “We were playing around with what would a consumer-facing version of gamer identity and a gamer profile would look like. And as we got more into thinking, and just ideating, we got
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