What Is Vulcan Forged(PYR)?

PYR stands as an ERC-20/MATIC–compatible token fueling the entire Vulcan Forged ecosystem—a hub based on NFTs. This ecosystem embraces a DApp incubator hosting play-to-earn games, an NFT marketplace, and its independent DEX named VulcanDEX.

Initially emerging as a modest NFT art platform, Vulcan Forged has matured, introducing more functionalities and amplifying the value of its PYR token. Its virtual world, VulcanVerse, takes center stage, serving as a flagship MMORPG game. Within this universe, players craft quests and acquire land in the form of NFTs.

Furthering their offerings, Vulcan Forged has pioneered Elysium—a high-performing, environmentally friendly blockchain tailor-made for gaming and NFT initiatives. This blockchain operates on LAVA tokens, earned through PYR staking.

PYR serves as Vulcan Forged's native token, utilized within its NFT marketplace. It also functions as the in-game currency for several play-to-earn fantasy games like Block Babies, VulcanVerse, and Beserk.

Who are the founders of Vulcan Forged (PYR)?

The Vulcan Forged (PYR) token originated from Vulcan Forged LTD, a company under Vulcan based in the British Virgin Islands. Overseeing the project's long-term vision is the Vulcan Foundation, operating from Singapore. This Foundation manages the project, handles its marketing, engages with the community, and oversees its operations.

The development entity behind Vulcan Forged (PYR), responsible for creating the games, operates out of Athens, Greece, yet has a global presence. Leading this entity as CEO is Jamie Thomson. The beta launch of VulcanVerse took place in July 2021, showcasing various games such as Battle Chess, Forge Arena, Beserk, and Block Babies.

What is the working mechanism of Vulcan Forged (PYR)?

PYR functions as a utility token primarily utilized for purchasing NFTs and various virtual assets available in the Vulcan Forged in-game marketplace and across Vulcan Forged games.

Vulcan Forged's primary game, VulcanVerse, stands as an expansive open-world MMORPG (massively multiplayer online role-playing game) set in a 3D environment. Though the game boasts an immersive world, its graphical quality falls behind the standards of most contemporary video games.

At the heart of the map lies the Palace of Vulcan, surrounded by four distinct quadrants, each exhibiting its unique aesthetics, designs, and construction materials.

PYR serves as the currency for acquiring in-game land, akin to Decentraland or The Sandbox. Players have the opportunity to cultivate their land (essentially staking PYR coins) or enlist creatures known as Vulcanites to manage it on their behalf. They can construct various buildings that generate goods, fostering trade opportunities with other players in exchange for PYR tokens. Additionally, a secondary token named LAVA is used to enhance land and acquire in-game items.

What are the use cases of Vulcan Forged (PYR)?

PYR serves as the inherent currency driving the entire Vulcan Forged network. Alongside its complementary token, LAVA, its significance grows with the platform's development. Within the platform, PYR has various purposes:

1. Facilitating transactions within the Vulcan Forged marketplace.

2. Enabling NFT staking and advancement within VulcanVerse.

3. Participating in PYR staking and farming via VulcanDex.

4. Earning PYR through engagement in Vulcan Forged games.

5. Utilizing Elysium blockchain nodes for staking to earn LAVA.

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