What Is Vulcan Forged (PYR)?

Originally, Vulcan Forged was a small digital art NFT platform and game studio, however, it is now a multi-DApp platform, launchpad, and one of the top-five volume NFT marketplace. It is a game studio that has migrated to a blockchain network called the VulcanVerse and has more than 12 games and thousands of users. 

It is hosted on the second busiest client on the VeChain Network, has progressed from a few users to thousands with just under $3 million in NFT trading volume, and solely focuses on creating successful games. It takes a step by implementing blockchain integrations which creates a much more engaging user experience. 

It is one of the few NFT platforms to be built on a multi-ecosystem as it is built on Ethereum, Polygon, and there are plans to expand to the Binance Smart Chain. The platform has several forms of NFT assets ranging from lands, seeds, gods, and vulcanities. The platform has built several features to help users enjoy and amongst these are two games: the VulcanVerse and Berserk. 

The VulcanVerse is live high-quality graphics, Metaverse-based with World of Warcraft-style gameplay featuring the building capabilities of Minecraft. The VulcanVerse is a Greco-Roman fantasy Metaverse with over 10,000 plots of virtual lands and also consists of fantasy authors and award-winning studios, in the alpha stage of gameplay, making the platform pride itself as one of the few platforms that removed gas and crypto fees for game developers.

Another feature of the Vulcan Forged platform is the anvil. The anvil is a gas-free, cryptocurrency, and digital assets-free blockchain engine that allows for the inclusion and integration of games and other decentralized applications. The Vulcan market allows for the transaction of in-app materials and assets without including any additional networks or gas fees. Berserk is an NFT TGG and frenzy is a customizable tournament platform that allows users to create their definition of reality and rewards winners with the PYR token.

The utility token of Vulcan Forged is the PYR token and is also ERC20-compliant and can be used on several platforms compatible with the Vulcan Forged ecosystem.

It is an ERC-20 token and a major currency in the Vulcan Forged marketplace and the VulcanVerse. It is a major tool to revolutionize the play-to-earn concept in gaming and can be earned by players when they play the studio games and operate the DApps. The token powers the entire Vulcan Forged platform and also serves as a tool for social interaction amongst the players.

Asides from the official PYR token, the Vulcan Forged platform also operates on another digital token called the LAVA token. The LAVA token is the secondary digital asset of the Vulcan Forged and has a lot of use cases. It can be earned by players when they stake the original digital asset PYR and when they play any Vulcan Forged games. Also, it is important on the Vulcan Forged platform as it is the mandatory token to pay for in-game transactions like buying lands. The players can also swap, stake, or liquidate the LAVA tokens in exchange for the PYR token through the platform’s DEX.

 

Who Are the Founders of Vulcan Forged (PYR)?

There is no single founder nor developer of the Vulcan Forged as it is winter by a set of individuals. Vulcan Forged is owned by 30 recognized members whose locations spread all over Europe from Greek to the UK and even Ukraine. However, their main physical office is located in Greece, Athens, and is headed by the Chief Executive Officer Jamie Thomson who heads 9 individuals.

Notable members include Jason Lee who is the CMO, Yiannia who is the project manager, Nirena who is the senior texture artist, and Maria who is the Senior illustrator and 2D artist.

 

What is Vulcan Forged (PYR) used for? 

Buying and Selling NFTS

PYR and LAVA holders can buy and sell NFTs and in-game items in the Vulcan Forged Marketplace.

Staking

The Vulcan Forged platform allows for staking. Users can stake PYR to upgrade their in-game Land NFTs, which will increase the yield of staking rewards (paid in LAVA tokens). They can also stake in VulcanVerse land and other assets.

Scholar registration

PYR can be used to rent NFTs as a scholar, here players are required to use the token to pay for the scholar registration fee.

Power the Vulcan Forged platform

PUR powers the entire Vulcan Forged decentralized application and is used for a wide use case. It serves as more than a tool for financial interaction but also for social interaction.

Liquidity mining

Vulcan Forged users can contribute to the liquidity pools on the VulcanDEX to earn liquidity rewards and a share of the DEX transaction fees.

An association for blockchain game developers

Vulcan Forged allows developers to use their platform for DApps development and also offers support to any third party helping turn ideas into reality. 

Access new games and also upgrade current gaming status

The tokens allow players to get access to the new game developed and also help in upgrading and sustaining game asset levels.

Earn rewards

Through play to earn, players are assured of rewards on completion of game levels.

 

What Makes Vulcan Forged (PYR) Unique?

Vulcan is one of the few online gaming, blockchain-based, and NFT platform that incurs no network or gas fees. Every transaction is performed an executed smoothly without incurring any extra costs.

Vulcan Forged has also created a wide range of products and services that help users effectively enjoy the platform. Amongst the many products is the EVM that supports the smart contract and DApps built on Ethereum stacks and the VulcanVerse.

The platform is also a community-based project that provides infrastructural support to the development of world-class blockchain games by creating programs, incubating, and crowdfunding.

 

How Many Vulcan Forged (PYR) Coins Are There in Circulation?

Vulcan Forged has a circulating supply of 20 million PYR tokens and a total supply of 50 million PYR tokens.

 

How Is the Vulcan Forged Network Secured?

Before several security measures has been employed to ensure the safety of users, there were some cases of fraud. Hackers successfully got into the core of the platform and stole 4.5 million PYR which is nearly 9% of their entire supply and was worth approximately $140 million. This was possible when they got hold of 96 private keys of Vulcan account holders. This made the PUR tokens fall from 34% to $21. However, they recovered easily a few hours later.

Now they have employed the Proof of Stake (PoS) consensus system and heighten security by employing audit, a popular security agency that verifies dApps security.

 

How do I buy Vulcan Forged (PYR)?

Vulcan Forged is an easy-to-play and easy-to-build ecosystem that promotes the development of world-class blockchain games. The native utility token of the Vulcan Forged platform (PYR) is a transferable representation of attributed functions specified in the protocol of the Vulcan Forged platform.

PYR tokens can be easily purchased by the following steps. 

* Open an account with the crypto trading platform.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and Buy PYR through your trading account.

 

Which Cryptocurrency Wallet Supports Vulcan Forged (PYR)?

The PTPWallet platform supports many cryptocurrencies simultaneously, such as Vulcan Forged (PYR). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their PYR wallet because it offers a simple and interactive interface, making it easy for people to navigate its system.

 

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