Once again, the Mega Bloks Dragons box designers don’t know how to use apostrophes.
So it’s pretty obvious what this set is: a chess set, with Warfang and Valtheran warriors in place of the pieces. Which is supposed to be white and which is supposed to be black, I have no idea. The instruction booklet asserts that “the light color pieces play first,” but is that the Warfang or the Valtheran? Neither really seems lighter- or darker-colored than the other to me.
It came with a coppery-scaled dragon with a red crystal. I couldn’t find a photograph of it.
It also came out in 2002, which puts it three years ahead of LEGO’s first chess set (the Knight’s Kingdom chess set), if I’m not mistaken.
EDIT: According to @thegreatgodofmineworld, the dragon’s name is Darkwraith.