What Is Vulcan Forged?
Vulcan Forged is a comprehensive gaming ecosystem and blockchain platform that initially started as a web3 games studio. It has expanded to include a wide range of gaming and blockchain-related services, including a metaverse development platform called Metascapes.
Background
Since its inception, Vulcan Forged has launched over ten first-party games and developed significant blockchain infrastructure. The project conducted an ICO for its PYR token in March 2021 and completed a series A funding round in October 2022. Vulcan Forged has evolved to not just produce games but also facilitate an expansive blockchain gaming ecosystem.
How It Works
The ecosystem uses two primary tokens: PYR and LAVA. PYR is integral to transactions within the NFT marketplace and offers staking incentives, while LAVA is rewarded to players for engagement within games and other platform activities. Additionally, Vulcan Forged is developing Elysium, a Layer 1 proof-of-authority blockchain, to host all current and future games and features, enhancing the platform’s scalability and security.
Key Takeaways
- Expansive Gaming Ecosystem: Started as a web3 game studio but grew into a broader gaming and blockchain platform.
- Dual-Token Economy: Utilizes PYR for marketplace transactions and staking, and LAVA as an in-game reward system and transaction token.
- Innovative Metaverse Projects: Developing Metascapes, allowing users to create and store their own metaverses as NFTs.
- Elysium Blockchain Development: Creating its own blockchain to provide a stable and scalable foundation for its gaming and metaverse activities.
- Comprehensive Platform Features: Plans to include a first-party DEX, launchpad, developer tools, and white-label services to support developers and users within its ecosystem.
