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Forgotten Playland is an undisclosed-location developer of a Web3 social party game that features multiplayer minigames and a native utility token integrated into its core gameplay. Developed in partnership with Vermilion Studios, the platform centers around a virtual social hub where players compete in various multiplayer challenges and utilize the $FP cryptocurrency. The organization has successfully raised $7 million in venture capital funding to support its ongoing software development, marketing efforts, and broader ecosystem expansion. This financing round was backed by several prominent industry investors, including Merit Circle DAO, Paper Ventures, and Spartan Group. The title is slated for commercial distribution through the Epic Games Store platform to reach a wider global audience of both traditional and blockchain-focused gamers. Forgotten Playland was officially established in 2023 following initial conceptualization by the founders of Merit Circle.
Forgotten Playland has raised $7.0M across 1 funding round.
Forgotten Playland has raised $7.0M in total across 1 funding round.
Forgotten Playland has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2024 | $7M Seed | — | Fmfw.io, LAUNCHub Ventures | Announced |
Forgotten Playland has raised $7.0M in total across 1 funding round.
Forgotten Playland's investors include FMFW.io, LAUNCHub Ventures.
Forgotten Playland is a free-to-play multiplayer social party game developed by Vermillion (also referred to as Vermilion Studios), a collaboration between Duckland Games, Merit Circle, and the Beam Foundation.[2][3][4] It features adorable PlushKyn characters—mischievous stuffed toys—in a chaotic attic world with a social hub, customization options, and over 20 competitive minigames like Bump-A-Ball, set in themed areas such as Space Disco and Jungle Camp.[1][2][4][5] The game launched on Epic Games Store in March 2025 without blockchain at first, but plans a June 2025 update integrating Beam (an Avalanche-based blockchain) for optional NFT cosmetics and a utility token (FP) tradable on Sphere Marketplace, solving player ownership issues in traditional games while keeping core play accessible without crypto.[2][4]
It serves casual gamers and social players seeking fun, competitive multiplayer experiences with personalization, addressing the lack of true asset ownership and Web3 integration in party games.[1][2][4] Growth momentum includes its Epic launch as Beam's flagship title, emphasizing blockchain-enhanced fun without mandating it, positioning it for expansion via updates and community-driven cosmetics.[2][4]
Forgotten Playland emerged from Vermillion, formed by Duckland Games and the Beam Foundation, with involvement from Merit Circle, blending gaming expertise and blockchain innovation.[2][3] Duckland Games, led by Co-Founder and Head of Production Zico Bakker, drove development, aiming to fuse fast-paced party gameplay with Web3 for player-controlled assets.[2] The idea crystallized around PlushKyn—abandoned plush toys turning a dusty attic into a playground—creating a whimsical, competitive social space.[2][5]
Key pivotal moments include its March 27, 2025, launch on Epic Games Store as a free-to-play title, marking Beam's major gaming debut and generating buzz for its non-intrusive blockchain plans.[2][4][6] Early traction built on the developers' pedigrees: Duckland's game production know-how and Beam's gaming-focused infrastructure.[2][3]
Forgotten Playland rides the Web3 gaming trend, merging blockchain (Beam on Avalanche) with mainstream party games to democratize asset ownership amid rising NFT fatigue and play-to-earn skepticism.[2][4] Timing aligns with 2025's maturation of gaming blockchains, post-launch without crypto to build player base first, then layer in utilities like tradable cosmetics—capitalizing on Epic's massive reach and Avalanche's scalability.[2][4][6]
Market forces favor it: explosive growth in social multiplayer (e.g., Fortnite-style hubs) meets Web3's push for player economies, reducing publisher lock-in.[1][4] It influences the ecosystem by showcasing non-intrusive blockchain—optional for normies, rewarding for crypto users—potentially onboarding millions to Beam via fun-first gameplay, bridging traditional gaming giants like Epic with decentralized tech.[2][4]
Post-June 2025 blockchain rollout, expect rapid community growth via NFT drops, FP token utilities, and Sphere trading, amplifying retention through owned cosmetics and events.[2][4] Trends like AI-enhanced personalization and cross-chain interoperability will shape it, with Beam's Proof-of-Authority enabling smooth scaling.[4] Influence may evolve into a Web3 party game standard, spawning PlushKyn IP expansions or studio Vermillion sequels, solidifying Duckland/Beam as hybrid gaming leaders—proving immersive chaos can onboard the next Web3 wave without barriers.[2][3] This flagship launch hooks players into a playful attic where every victory unlocks real value, redefining party gaming's digital playground.
