Target Games, the company that went on to publish Drakar och Demoner, was founded in 1980 to import and sell wargames.

[2] The second edition was published in 1984, rewriting the text from scratch, fixing many translation errors, glitches in the rules, with no other major changes made.

[citation needed] In 1994, Target Games released a fifth edition, called Drakar och Demoner Chronopia.

When RiotMinds released their Drakar och Demoner ruleset, it featured a concept very close to levels ("yrkesnivåer").

Among those were the removal of the basic character stats (grundegenskaper) which were replaced with 'exceptional abilities' (exceptionella karaktärsdrag), and the introduction of specializations of skills.

[9][citation needed] In 2019, RiotMinds successfully crowdfunded Ruin Masters, an updated and re-designed English version of the classic game, including new art and design.

[12] In August 2021, RiotMinds announced that it had sold the IP for Drakar och Demoner to Fria Ligan (Free League Publishing).

[13] RiotMinds stated they would continue to support their Ruin Masters game and its Caldarox setting with no connection to Drakar och Demoner.

Like many other early role-playing games, Drakar och Demoner started out without a fully developed campaign setting.

With the fifth version Target Games decided to introduce a new, darker campaign setting named Chronopia, thereby ceasing publication of new material for Ereb.

Second Edition: Chronopia: War in the Eternal Realm (2002) was a tabletop miniature game published by Excelsior Entertainment.

[16] The game takes place in the original campaign setting of Ereb Altor six years after the events in the popular adventure trilogy Den Nidländska Reningen.