Vulcan Forged is an established Non-Fungible Token (NFT) game studio, marketplace, and dApp incubator with 10+ games, a 20K+ community, and top 5 NFT marketplace volume. Thus, the PYR economy is designed to supply multiple use-cases requiring tokens. VulcanVerse is this ecosystem's main game, an open-world massively multiplayer online role-playing game (MMORPG) with lore written by fighting fantasy authors. In VulcanVerse, you can create your own adventures and quests, forage for NFTs, and battle against other Vulcanites.
Vulcan Forged consists of 30 core members spread across Greece, the UK, and Ukraine. Its main offices are located in Athens, Greece, and nine companies manage them. Also, Jamie Thomson is its CEO, and Jason Lee Rose works as its CMO.
Vulcan Forged consists of the following principal components working in conjunction:
2. VulcanDEX: Users can provide liquidity, stake, and swap LAVA tokens for PYR through the platform's DEX.
3. Vulcan Market: Users should buy and sell NFTs on the Vulcan Forged marketplace.
4. In-Game NFTs: There are several kinds of NFT types, including Lands, Vulcanities, Seeds, Gods, etc., within the Vulcan Forged ecosystem
The native token for VulcanVerse, PYR, is used as a gaming token, settlement, and staking. PYR Token is an ERC20 token to be migrated to Matic, which can be used for:
This platform offers its users the following tools, differentiating it from other similar projects. These tools include:
Vulcan Forged presented Fiat to PYR purchases on the network due to a partnership with Wyre. Using this new feature to encourage community members, users who used the Fiat ramp to get 50 or more PYR are randomly selected to receive an NFT drop of the week.
Vulkan Forged is implementing a play-to-earn space as a part of its platform, and it will allow users to earn cryptocurrency playing games. Games using this model include Axie Infinity and the pioneer CryptoKitties. This setup aims to reward users for interacting and incentivize them to participate in a very particular game or activity. This type of DeFi crypto gaming continues to be pretty new. Also, Vulcan is a digital marketplace for crypto collectibles and non-tradable tokens (NFTs) that accepts Vulcan Forged’s token PYR to interact with auctions.
PYR coin provided investors with a 21% return on investment (ROI) over the last month. Although the number is considerable, PYR's ROI is lower than similar projects' ROI (3,938%). Also, with an average ROI of 23168%, PYR underperformed compared to the market's top 1500 projects.
Popularity can potentially impact the success of a cryptocurrency project. Data reported on Cryptologi.st shows that PYR's popularity on Twitter grew by 396% over the last five months, increasing to 54k followers as of writing this post on Dec 12, 2021.
PYR skyrocketed in its market cap from 98 m to 670 m between Sep 19 and Nov 27, 2021, and jumped from #407 to #152 in rank. However, PYR's Market Cap rank and coin price have started a very smooth downward trend coin and its market rank is #244. PYR followed the same trend in price, and its current price is 2253.7% above its All-Time Low and 44% lower than All-Time-High.
Vulcan Forged is developing into one of the largest cryptocurrencies worldwide. Partly due to partnerships with the social acceptance of Vulcan Forged and several large companies, Vulcan Forged seems to have a bright future.
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