About

Vulcan Forged is the creator of VulcanVerse, an open-world massive multiplayer online role-playing game (MMORPG) with an ecosystem powered by their native token PYR. They also operate an NFT gaming studio, marketplace, and dApp incubator. The project aims to support the creation of blockchain games through incubation programs and crowdfunding.

History

Vulcan Forged (Vulcan) is a community-based blockchain gaming project that supports developers through its development programs ‘incubation and crowdfunding’. The project also operates an NFT game studio and NFT marketplace. Further, to support the blockchain gaming industry, Vulcan launched its own native POS (proof-of-stake) blockchain – Elysium. The blockchain is specially built for crypto gaming projects that use NFTs and uses POS mechanisms to validate transactions.

The Vulcan ecosystem is powered by its ERC20 and Matic/Polygon compatible PYR token which is used for fee settlement, staking, DeFi game launchpads, play-to-earn benefits, gaming platform pools and discounted marketplace usage. The partnership with Matic helps Vulcan Forged to offer negligible transaction fees, fee delegation, and quicker settlement time. In addition to PYR, Vulcan uses LAVA token as its secondary token. The LAVA token is used for rewarding players who play or engage with any Vulcan Forged-made or hosted game. LAVA token can also be earned by staking PYR using the 'LAVA appreciation program'.

The dual token system allows the project to serve a large user base i.e. PYR token can be accessed by users who prefer to use centralized exchanges (CEX) or users who prefer to use decentralized exchanges (DEX). However, a user requires a bridge to move PYR (only PYR|ETH (ERC-20) tokens) from one network to another.

Currently, project growth and operations are being overseen by Vulcan Forged LTD and the Vulcan Foundation is responsible for all token governance, issuance, and sales.