Vulcan Forged

PYR Price

About Vulcan Forged (PYR)

Vulcan Forged is a comprehensive web3 gaming ecosystem that combines a dedicated game studio, an NFT marketplace, and its own purpose-built blockchain infrastructure.

• Multi-Game Ecosystem: The project hosts over 10 distinct titles, including the flagship MMORPG VulcanVerse and the collectible card game Berserk.
• Layer 1 Infrastructure: It operates Elysium, a carbon-neutral blockchain designed specifically to handle the high-throughput requirements of gaming and metaverse applications.
• Integrated Economy: The PYR token serves as the central utility asset across all studio games, facilitating marketplace trades, land upgrades, and staking rewards.

What Is Vulcan Forged

Vulcan Forged is a decentralized platform designed to simplify the development and playability of blockchain games. It acts as both a studio that creates original content and an incubator that supports third-party developers through its technical stack. Value moves through the system as players earn rewards, trade NFTs, and utilize platform services.

The PYR token is put to work through several internal mechanisms. Users can stake PYR within the VulcanVerse to upgrade land plots, which increases their potential for generating rewards. Additionally, the token is used for purchasing digital assets in the Agora marketplace and participating in 'Lava' rewards programs. As the ecosystem grows, these mechanisms are designed to scale by increasing the demand for token utility across a widening array of games and metaverse environments.

What Makes Vulcan Forged Unique

• Carbon-Neutral Gaming: Its Elysium blockchain focuses on environmental sustainability, utilizing a Proof of Stake mechanism to minimize the ecological footprint of its gaming operations.
• Unified Account System: Through 'My Forge,' the project provides a single dashboard where users can manage assets, track achievements, and monitor earnings across the entire suite of dApps.
• Metaverse-as-a-Service: Beyond individual games, the project is developing tools to allow other creators to build their own metaverse spaces using Vulcan Forged's existing infrastructure.

What Can You Use Vulcan Forged for?

• In-Game Upgrades: PYR is required to level up characters (Vulcanites) and improve land in the VulcanVerse, unlocking new gameplay features and earning potential.
• Marketplace Trading: Users utilize PYR to buy and sell rare NFTs, equipment, and land on the platform's native decentralized exchange.
• Staking and Yield: The token can be locked in various programs, such as the V-Drip staking system, to earn secondary rewards like the $V token.
• Governance and Access: Holding PYR can grant users access to exclusive community events, early game launches, and participation in ecosystem decision-making.

How Does Vulcan Forged Work?

Vulcan Forged operates through a dual-token system where PYR serves as the primary utility asset and ELY acts as the native asset for the Elysium blockchain. The ecosystem utilizes a Proof of Stake consensus, a method where network participants secure the blockchain by locking up tokens. This architecture allows for high transaction speeds and lower costs compared to traditional base layers.

As an application utility token, PYR is used to pay for protocol service fees within the gaming dApps rather than network-level gas fees. Smart contracts manage the distribution of rewards and the minting of NFTs, ensuring that in-game assets remain truly owned by the players. The Elysium blockchain provides the necessary scalability to process thousands of micro-transactions common in active gaming environments.

Team Info and Investors

Vulcan Forged was founded by Jamie Thomson and is headquartered in the United Kingdom. The project has transitioned from a small NFT studio into a global organization with a large team of developers and artists. While the project initially grew through community support and early NFT sales, it has since secured backing from prominent industry participants, including DWF Labs. The governance structure is moving toward a more decentralized model, allowing token holders to influence the future direction of the studio and its blockchain infrastructure.

Where can you buy Vulcan Forged?

PYR tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Vulcan Forged is Binance, where the most active trading pair PYR/USDT has a trading volume of $368,745.24 in the last 24 hours. Other popular options include LBank and Toobit.

What is the daily trading volume of Vulcan Forged (PYR)?

The trading volume of Vulcan Forged (PYR) is $3,076,477.12 in the last 24 hours, representing a 19.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Vulcan Forged (PYR)?

Vulcan Forged (PYR) reached an all-time high of $49.24 and an all-time low of $0.1597. It’s now trading -99.70% below that peak and 4.50% above its lowest price.

What is the market cap of Vulcan Forged (PYR)?

Market capitalization of Vulcan Forged (PYR) is $7,562,405 and is ranked #1289 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PYR tokens (45 Million tokens are tradable on the market today).

What is the fully diluted valuation of Vulcan Forged (PYR)?

The fully diluted valuation (FDV) of Vulcan Forged (PYR) is $8,344,781. This is a statistical representation of the maximum market cap, assuming the maximum number of 50 Million PYR tokens are in circulation today. Depending on how the emission schedule of PYR tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Vulcan Forged compare against its peers?

With a price decline of -3.50% in the last 7 days, Vulcan Forged (PYR) is outperforming the global cryptocurrency market which is down -4.90%, while underperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.

How to add Vulcan Forged (PYR) to MetaMask?

Adding Vulcan Forged (PYR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PYR as a token. You can copy PYR’s contract address (0x430ef9263e76dae63c84292c3409d61c598e9682) and import it manually, or if you've installed MetaMask's chrome extension, add PYR to MetaMask with one click on CoinGecko.

Add PYR to MetaMask.