Vulcan Forged (PYR)

About Vulcan Forged PYR

PYR is the ERC-20 utility token of Vulcan Forged, a web3 game studio. Vulcan Forged has launched an NFT marketplace and more than ten games, including an MMORPG game called VulcanVerse.

What is Vulcan Forged PYR?

Vulcan Forged PYR is the native utility token of Vulcan Forged, a blockchain game studio and NFT marketplace. The platform is known for creating VulcanVerse, a Greco-Roman fantasy metaverse. PYR token serves multiple purposes within the ecosystem, including settling marketplace fees, staking in VulcanVerse land and other assets, upgrading and sustaining game asset levels, and receiving play-to-reward incentives. Additionally, PYR grants access to the platform’s game developers and NFT dapp incubation program.

How does Vulcan Forged PYR work?

Vulcan Forged PYR functions as a utility token within the Vulcan Forged ecosystem. It is used for settling fees on the marketplace, staking in VulcanVerse land and other assets, and upgrading game asset levels. PYR also serves as a reward in the platform’s play-to-reward model. The platform includes VulcanVerse, a metaverse with 10,000 plots of land, Anvil, a crypto-less and gas-free NFT engine, Vulcan Market, a gas-free NFT marketplace, Berserk, an NFT online TGG, and Frenzy, a platform for creating your own tournaments with PYR as the reward token.

What are the potential use cases for Vulcan Forged PYR?

Vulcan Forged PYR has potential use cases within the Vulcan Forged ecosystem. It can be used to pay for marketplace settlement fees, stake in VulcanVerse land and other assets, and upgrade and sustain game asset levels. PYR also serves as a reward in the platform’s play-to-reward model. Furthermore, PYR grants access to the platform’s game developers and NFT dapp incubation program, indicating its potential use in fostering the development of new games and dapps.

What is the history of Vulcan Forged PYR?

Vulcan Forged PYR was created by Vulcan Forged, a blockchain game studio and NFT marketplace. The platform, which consists of 30 core members spread across Greece, the UK, and Ukraine, is led by CEO Jamie Thomson. The main office is located in Athens, Greece. The platform has issued 50 million PYR tokens, with 20 million as the maximum supply. An additional 10 million will be allocated for play-to-reward pools and transaction processing. The token aims to be available on various platforms.