The innovative P2E (Play-to-Earn) idea is bringing more new games and players into the metaverse. With traditional games, it’s just play-to-win, and you only have the eternal glory, you can’t make money with these games. All in-game items also remain in your possession with P2E. In traditional gaming, you pay for items, but they remain in the possession of the game or game owner. No wonder more new blockchain games are being added. Vulcan Forged is such a newcomer.
In this blog, I’m going to talk about Vulcan Forged and its associated PYR token. I’m going to explain to you what exactly Vulcan Forged is and how it works. We are also going to investigate the team behind this project and look at the direction. If you want to know where to buy PYR, you’ve come to the right place.
Please note: please note that the text below about ‘Vulcan Forged (PYR)’ as well as the explanation thereof should in no way be taken as advice. The choice for whether and in what way you want to trade (crypto) and which choices you make in terms of investment is up to you and you alone. We are not financial advisors.
Here you can first watch a short video about the VulcanVerse.
- 1 What is Vulcan Forged?
- 2 How does Vulcan Forged work?
- 3 Who is on the team behind Vulcan Forged?
- 4 What is the PYR Token?
- 5 What is the price of the PYR token?
- 6 Where can you buy the PYR token?
- 7 What is the best way to store the PYR token?
- 8 Conclusion
What is Vulcan Forged?
Vulcan Forged (VF) is a blockchain technology-based studio and game with its own NFT marketplace. One of their projects is the VulcanVerse, as you can see in the video above.
This VulcanVerse is a Greco-Roman fantasy verse with 10,000 pieces of virtual land for sale, all of course as an NFT. You can build your own games, play other games, collaborate, or earn money with P2E. The project has just moved to the Polygon blockchain, to use and offer faster and cheaper transactions. According to their website, they are the fastest-growing blockchain game and dApp platform.
For game developers, they offer crowdfunding and incubator programs. An incubator program is designed to help startups develop ideas.
They have several games that you can already play on their website. I’m going to go over these shortly, so you can look out for ‘Berserk’, ‘Forge Arena’, ‘Blockbabies’ and ‘Vulcan Chess’ descriptions, and a few other games. There are also ‘ Gods ‘ (Gods) in the form of ‘Titans’ (Titans) and ‘Olympians’ (Olympians), so plenty to describe and read.
The native token is the PYR token, which I will come back to in detail. In the past week, this token rose by a whopping 125% and during October 2021 by a whopping 200%. The fact that Facebook’s Mark Zuckerberg announced the new name for Facebook’s parent company as “Meta,” with an emphasis on developing the metaverse, helps. Everything related to the metaverse has taken a positive swing upwards as a result. Vulcan Forged is no exception.
Blockchain gaming is in the process of taking a permanent place in the global gaming industry. It looks like Vulcan Forged may be sitting in one of the front rows.
How does Vulcan Forged work?
Vulcan Forged has several options, you can play games, but also develop games.
Vulcan Forged’s flagship is the VulcanVerse, so it’s time to start with this one.
VulcanVerse is a piece of virtual land measuring 3 km x 3 km and is divided into four quadrants. The squares are called Arcadia, Boreas, Hades and Notus. The capital Vulcan City is located at the point where the four quadrants meet, right in the middle. There are 10,000 pieces of land and they are 20m x 20m in size. They cost $100 each when the game was released at the end of September 2021. The game takes place in the Greco-Roman era and will be in Beta in November 2021. It is a ‘massively multiplayer online role-playing game’ or MMORPG.
The game has a standalone 3D builder app. With this dApp you can design landscapes, customize characters and create your own artwork.
The well-known British fantasy writers Dave Morris and Jamie Thomson write the storylines. Let those two just sit on the team at VF! Together they have more than 100 fantasy titles to their name. However, they are also known for writing gamebooks. These are interactive stories, where the reader decides in which direction the story goes by their own choices. They are also game developers. In VulcanVerse, the vanishing powers of the ancient gods must be restored.
The lands are inhabited by Vulcanites, various types of beasts, which exist as NFTs. From minotaurs to dryads, demons to saber-toothed tigers and mammoths. They live in the different quadrants and compete for you or find rare and interesting items for you. They are also spies who try to find building plans for you and defend your piece of land from other Vulcanites. As a bonus, they can also be used in other games and dApps of the ecosystem, such as Berserk and Forge Arena.
There are seven different levels of Vulcanites, from 0 to 6. There is another special level 7. Starting at 0, each subsequent level has fewer Vulcanites. The higher the number, the scarcer they are. Below is a list of Vulcanites from level 5.
There are also two types of Gods in the VulcanVerse, the Titans and the Olympians. These have several in-game benefits.
Among the Titans, you can find Cronus (king of the Titans and lord of the universe), Hyperion (representing wisdom and vigilance) or Tethys (Goddess of the rivers and wife of Oceanus). In total there are eight Titans.
You can sacrifice these Gods, which is nothing but strike under a different name, for a minimum of 20 days and then they level up. You then have to keep playing the game, because you also have to pay the same amount of Lava every month, according to their level. Lava can then be won during the game. This way they stay at the same level every month and don’t lose value. There are only 100 of each Titan, so they are scarce and sought-after in-game items.
The next photo shows you what Cronus can do and what in-game advantages he possesses. On the same page, you can also find the table that states how much Lava has to be paid per month, to keep Cronus at its level.
Among the Olympians, you can find Zeus (King of the Gods), Poseidon (God of the seas and oceans), or Aphrodite (Goddess of love). Again, the premise is the same as the Titans, with the same scarcity and staking options. Now you have to pay Lava every month to keep them from getting older.
Below you see two Olympians, Zeus and Poseidon.
Berserk is a card collecting game. You fight with beasts, spells and weapons. It’s the first P2E Vulcan game and it’s live. The Vulcanites we just got to know in the VulcanVerse are also participating. There is a prize pool of no less than $100,000 and you must register before the start of this game. Season 2 has already started. A complete explanation of this game can be found on the Berserk website page. There are again different levels of rarity and your critters can be played against each other. You can level them up or transfer their skills to their 3D counterparts.
Below is a short video about Berserk.
At Forge Arena, you have a complex auto-battler that uses characters from many Vulcan Forged games in group battles. This will be in the test phase at the beginning of November 2021. The Vulcanites can wage war with the CoddlePets or the Block Babies against the Geo Cats. To win in this game you need clever tactics. There is again an extensive explanation about this game on the Forge Arena webpage.
The classic chess game but with Vulcan Forged characters. Again you can find an extensive explanation on the Battle Chess webpage. There are a few nice variations on the game of chess, which are well explained. Different Berserk cards, with varying levels, will help you get through this game.
This short video will give you an idea of what’s in this game.
At Block Babies, you fight cute collectible babies in the form of cards, also called a CCG (Collectible Card Game). So these cards are NFTs and this game is live! Play along in this nursery, but with complex game mechanics. For more information visit the Block Babies webpage.
Below you can see a short video intro to this game.
Who is on the team behind Vulcan Forged?
The Vulcan Forged team is headquartered in Athens, Greece. Eight people form the basis of this team.
- Jamie Thomson – CEO and Co-Founder.
- Nirena G – Senior Texture Artist. She works with 3D.
- Maria Dedevesi – UI artist and illustrator.
- Jamie Thomson – author and writer.
Unfortunately, there is not too much information about the team. The LinkedIn profiles are also somewhat sparse with information.
What is the PYR Token?
The PYR token is an ERC20 token and is the native token that powers the entire Vulcan ecosystem. It also has a few meaningful uses. The main task is to pay with it in the marketplace, but you can also stake the token.
There are 50 million PYR tokens minted and there are 18,997,700.00 PYR in circulation which is 38%. The market cap is $363,157,091 in early November 2021.
However, to pay in the Marketplace, you need to convert your PYR Token into the FIRE Token and you can credit in your Marketplace. PYR and FIRE will always be linked as 1:1.
PYR token pools for staking
The Vulcan Foundation will set up two PYR pools of rewards. They will use 10 million tokens for that, which will be unlocked in 24 months. One such pool is for ‘LAVA’, the P2E pool, and the other pool is a Staking Pool. In addition to the 10 million tokens that the Foundation puts in it, there are currently four other ways for tokens to end up in these pools.
- 10% of every marketplace transaction goes to the pools.
- 10% of all direct sales of all assets (Berserk cards or Vulcanites) go to the pools.
- 50% of any upgrade fee for Land, Titans or Olympians goes to the Pool.
- 10% of any prize pool or tournament fee in the Frenzy game goes to the pools.
In the VulcanVerse, the token is used to stake in land NFTs and Gods NFTs and for upgrades. Each upgrade comes with a PYR fee and you must lock in PYR to strike. If you use the land for staking, you will get a monthly reward in the form of PYR.
Land and Gods Upgrade
Upgrading your land will give you more construction tools and better assets.If you use PYR to upgrade your Gods, your God’s picture changes with each new level and you get the following:
- With every level you go up you get 10% more reward.
- LAVA that you win while playing games also increases by 10% per level.
- A level 7 God grants you access to the Elysium. An exclusive area where you can search for extremely rare NFTs.
- The seller’s fee on the marketplace decreases by 10% with each new level. Lower costs means more profit on the NFTs you sell.
Another application for PYR is the DeFi third-party loan program. You can support game developers through a liquidity pool. The Vulcan Foundation will then receive a small percentage of the interest paid to you in PYR. There is also a link to the project whitepaper, but unfortunately, that link does not work. This makes it impossible to get more specific background information about the project and the token.
What is the price of the PYR token?
If you want to invest in the PYR token, a good start is to know its price. If you are already going to trade, you also want to make a profit. You can make a technical analysis to see what the best buy or sell moment is.
The PYR token was listed with CoinMarketCap on April 20, 2021 at a price of $1.93. On April 30, it rocketed to $5.95. It then steadily declined to $1.16 in June. On October 10, it was back at $10.46. Things moved quickly after that and with a parabolic rise, this token stands at $19.13 on November 3, 2021. His preliminary ATH was reached on November 2 at $22.91. In October 2021, this token has increased by over 200%!
At CoinMarketCap it is between the top 200 and 300 in place 251. This coin has a good prospect in my opinion, it has risen well, probably also due to Mark Zuckerberg who announced that he would invest heavily in the metaverse. The name change of Facebook’s parent company to ‘Meta’ also helped. I think he could have a good price development. If you want to invest in this coin, it is important to do your own research.
Where can you buy the PYR token?
The PYR token is not currently for sale on Bitvavo or Binance. The CEXs that do have this token are Gate.io and KuCoin. The DEX Uniswap has a liquidity pool where you can find a PYR pair, namely the PYR:WETH pair.
What is the best way to store the PYR token?
You have several options to save this token. The safest way is to store them on a hard wallet, also known as a cold wallet. With a hard wallet, such as the Ledger X or S and the Trezor, you are protected against internet hacks.
You can of course leave your PYR token on the exchange where you bought the token. However, now you do not have access to your private keys. The private keys of exchange remain in the hands of the exchange itself. The danger of a hacked exchange is always there and then you have a chance that you will lose your coins. These wallets on an exchange are also called hot wallets.
As a third option, you can also use an online wallet such as MetaMask or Trust wallet. Here is also another chance of an internet hack, but it is theoretically smaller than a hack on a stock exchange.
P2E and the metaverse are attracting a lot of attention. As a result, many metaverse-related tokens are spinning off that and doing very well in October 2021. Vulcan Forged is no exception. The game is still fairly new and there is still room for significant growth. This will also benefit the token, if all that happens as well. If you are interested in buying this token, do your own research first.
Furthermore, the gaming industry is estimated to have a turnover of $300 billion a year, so it’s no wonder that the blockchain gaming branch of this industry wants to get a share of that too. There are 2.7 billion gamers worldwide. If these gamers start to discover blockchain gaming and P2E little by little, the end for P2E is far from in sight. Vulcan Forged can then enjoy surfing on that wave.
If you have any questions about Vulcan Forged, let us know on our Crypto Buying Facebook group. You can also follow us on Twitter. See you there!
Thanh Lanh Tran(1989) is Chief Editor from BitcoinUSD.com