Introduction
Vulcan Forged is a multifaceted web3 ecosystem encompassing blockchain-based games, non-fungible tokens (NFTs), and metaverse capabilities. It is structured around three core components: Vulcan Studios, the game development arm; Elysium, the environmentally friendly Layer-1 blockchain; and MetaScapes, the forthcoming Metaverse-as-a-Service platform.
Overview
Vulcan Forged is a web3 ecosystem that focuses on gaming, NFTs, and the metaverse. It consists of three main components: Vulcan Studios, Elysium, and MetaScapes.
– Vulcan Studios is a web3 gaming studio that develops and publishes various games, such as VulcanVerse, Berserk, and Frenzy. These games use PYR, the native utility token of Vulcan Forged, for fees, staking, rewards, and more.
– Elysium is a carbon-neutral Layer-1 blockchain that is dedicated to AI, the metaverse, NFTs, and other web3 projects. It offers fast transaction speeds, low fees, and user-friendly tools for developers and users.
– MetaScapes is an upcoming metaverse-as-a-service project that will allow users to explore, create, and connect across four different worlds: fantasy, cartoon, urban, and futuristic
Vulcan Forged, built upon its own blockchain which is the Elysium blockchain, presents a unique player-centric approach to the burgeoning realm of blockchain gaming. This multifaceted ecosystem encompasses:
– Development and hosting of P2E games: Vulcan Forged boasts a diverse library of eight P2E video games, empowering players to earn cryptocurrency through engaging gameplay.
– Decentralized application (DApp) incubation: Recognizing the potential of DApps in enhancing the gaming experience, Vulcan Forged fosters their development and integration within its ecosystem.
– NFT trading facilitation: The platform establishes a robust marketplace for trading in-game NFTs, enabling players to own and monetize their digital assets.
– PYR token utility: Vulcan Forged’s native token, PYR, serves as the central currency within the ecosystem. Players can earn PYR through gameplay, utilize it for marketplace transactions, and participate in governance decisions.
The cornerstone of this ecosystem is VulcanVerse, a land-based P2E game where players engage in diverse activities:
– Land ownership and management: Players purchase and develop virtual land parcels, customizing and extracting resources for economic gain.
– NFT acquisition and monetization: Engaging in gameplay awards players with valuable NFTs, which can be further traded on the Vulcan Forged marketplace.
– Community-driven governance: PYR token holders contribute to shaping the future of Vulcan Forged, influencing game development and ecosystem features.
Background
Born from the vision of blockchain technology’s potential to revolutionize gaming, Vulcan Forged emerged as a multifaceted player in the web3 space. Founded by Jamie Thomson, the company initially focused on crafting premium blockchain games, captivating players with titles like VulcanVerse, Forge Arena, and Berserk. This dedication to quality gameplay garnered a loyal community exceeding 200,000 users.
Vulcan Forged’s ambition, however, extended beyond individual games. Recognizing the need for a robust foundation for its expanding ecosystem, the company in 2021 unveiled Elysium, a custom blockchain specifically designed for the demands of gaming, dApps, and metaverse experiences. This strategic move ensured scalability and a user-friendly experience for its growing suite of offerings.
Not merely content with building games and infrastructure, Vulcan Forged set its sights on the future. Its latest innovation, MetaScapes, represents a patented metaverse-as-a-service engine. This groundbreaking technology empowers creators to seamlessly construct and tailor their own metaverse experiences, leveraging the expertise and infrastructure of Vulcan Forged.
In essence, Vulcan Forged’s journey has been one of constant evolution, transitioning from a game developer to a full-fledged web3 ecosystem architect. With its custom blockchain, thriving community, and pioneering metaverse technology, the company is poised to shape the future of decentralized gaming and interactive experiences.
Tokenomics
$PYR
The PYR Token fuels the Vulcan Foundation’s diverse gaming ecosystem, serving as a versatile utility token within its games. Players can acquire PYR through gameplay in titles like VulcanVerse, BlockBabies, Berserk, and Forge Arena, using it to purchase in-game assets, redeem for fiat, or even transfer across games for broader utility within the ecosystem. Essentially, your hard-earned PYR from one game opens doors to exciting possibilities in others.
PYR fuels a rich tapestry of functionalities, empowering users to seamlessly navigate the Vulcan Forged landscape.
Firstly, PYR serves as the lifeblood of the Vulcan Forged marketplace, facilitating frictionless transactions through settlement fees. Owning PYR grants users access to a vibrant hub of digital assets, where they can acquire and trade NFTs, from stunning land plots in VulcanVerse to powerful cards in Berserk, a thrilling NFT Trading Card Game.
Beyond mere marketplace transactions, PYR unlocks immersive gameplay experiences. In VulcanVerse, the Greco-Roman fantasy metaverse, staking PYR empowers players to level up their virtual lands and assets, granting them deeper engagement and potential rewards. This play-to-earn model seamlessly integrates token utilization with immersive entertainment.
The utility of PYR extends beyond individual player experiences. Owning the token opens doors to exclusive opportunities, such as participation in Vulcan Forged’s coveted game developer and NFT dapp incubation program. This program fosters innovation within the blockchain gaming sphere, attracting budding creators and propelling the ecosystem forward.
Vulcan Forged’s ambition extends beyond its robust marketplace and engaging games. The studio spearheads the development of Elysium, its own dedicated blockchain. Committed to scalability and security, Elysium aims to provide a robust foundation for the ever-expanding Vulcan Forged universe.
With PYR as its cornerstone, Vulcan Forged has laid the groundwork for a thriving blockchain gaming ecosystem. Whether you’re an seasoned NFT collector, an avid gamer, or a budding developer, PYR grants you access to a world of endless possibilities within the ever-evolving frontier of web3.
The Token Allocation is as thus:
– 40.00% is allocated to ICO
– 35.00% is allocated to Reserve
– 20.00% is allocated to Staking Pool
– 5.00% is allocated to Team Allowance
$LAVA
VulcanVerse thrives on its secondary token, $LAVA. This versatile currency fuels various activities throughout the ecosystem, acting as its very lifeblood. Earning $LAVA is as simple as playing any Vulcan Forged game or engaging with its offerings. Every experience point path involving gameplay rewards players with this valuable resource. While the final amounts aren’t set in stone, you can get a glimpse into potential earnings through the provided example of XP routes:
The LAVA token serves as the vital currency within the multifaceted Vulcan Forged ecosystem, powering a multitude of functionalities and opportunities.
Here’s an overview of how you can leverage LAVA:
Enhancing Your Gameplay:
– Land Development: LAVA fuels the advancement of your virtual land within various Vulcan Forged games, unlocking its full potential and capabilities.
– In-Game Acquisition: Whether enhancing equipment, acquiring resources, or purchasing cosmetic upgrades, LAVA facilitates various in-game purchases across different titles.
– God Empowerment: Elevate your Vulcanite Gods, bolstering their attributes and unlocking their true potential with strategic LAVA investments.
– Competitive Prowess: Secure your entry into exciting, prize-laden tournaments hosted within the Vulcan Forged universe by utilizing LAVA.
Financial Opportunities:
– Profitable Staking: Earn steady rewards by staking your LAVA tokens on the VulcanDex, contributing to the platform’s liquidity and stability.
– $PYR Staking Rewards: By participating in the “LAVA appreciation program,” you can stake your $PYR tokens to generate additional LAVA, creating a lucrative earning mechanism.
Use cases of $PYR and $LAVA tokens
$PYR
Staking Rewards: Lock in your $PYR and reap the benefits. Earn diverse rewards like NFTs, LAVA (the ecosystem’s utility token), and even additional $PYR tokens.
NFT Marketplace Access: $PYR unlocks the gates to the vibrant Vulcan Marketplace. Use it to acquire powerful NFTs, ranging from in-game assets to valuable collectibles. These NFTs can fuel your gameplay, generate rental income, or be traded for profit.
Boosting Your Collection: Own NFTs? Put them to work! Stake your prized possessions in dedicated pools and watch $PYR trickle in, directly proportional to their rarity and utility.
Decentralized Finance: Become a liquidity provider on VulcanDex, the ecosystem’s decentralized exchange. By supplying $PYR and other tokens, you facilitate smooth trading and earn fees in return.
Shaping the Future: $PYR grants you a voice. Hold onto your tokens and participate in the governance of Vulcan Forged. Cast your vote on proposals and actively shape the platform’s trajectory.
$LARVA
Earn as You Play: Immerse yourself in the worlds of Berserk, VulcanVerse, Rekt City, and more! Your skillful exploits are rewarded with LAVA, empowering you to:
– Acquire Gear and Resources: LAVA fuels your in-game purchases, allowing you to upgrade your character, acquire potent weaponry, and unlock strategic advantages.
– Unleash Premium Features: Elevate your experience with exclusive LAVA-gated content, accessing secret areas, participating in thrilling events, and enjoying a truly VIP treatment.
Converting LAVA to Value:
– Bridge to $PYR: LAVA serves as a stepping stone to Vulcan Forged’s primary token, $PYR. At a fixed rate of 0.01 $PYR per LAVA, you can seamlessly convert your gameplay earnings into access to a wider range of ecosystem utilities and governance rights.
Shaping the Future:
– Burn it Down: Take an active role in shaping LAVA’s value. By burning your tokens, you contribute to reducing the overall supply, creating a deflationary pressure that can positively impact its price and long-term stability.
Beyond the Playgrounds:
LAVA’s utility extends beyond pure gameplay, offering you opportunities to:
– Stake for Rewards: Lock in your LAVA tokens and generate passive income in the form of NFTs, further $PYR tokens, and other exciting rewards.
– Boost the Ecosystem: Contribute to the vibrant VulcanDex, a decentralized exchange fueled by liquidity pools. Supply LAVA alongside other tokens and earn lucrative fees for enabling smooth trading within the ecosystem.
Market Stats
Market Cap: $153,590,070
Circulating Supply: 27,182,227 PYR
Supply Cap: 50,000,000 PYR
All-time High: $49.74 -88.63% December 01 2021
All-time Low: $1.16 +389.57% June 22, 2021
Features and Functionality
- NFT Game Studio and Marketplace:
- Vulcan Studios: Develops and publishes a variety of play-to-earn (P2E) NFT games, including the popular VulcanVerse, Berserk: Vulcanites Unleashed, and Vulcan’s Creed: Mythology Game.
- NFT Marketplace: A thriving platform for buying, selling, and trading in-game NFTs across the Vulcan Forged ecosystem. It boasts one of the top 5 volumes among NFT marketplaces.
- $PYR Utility Token:
- Fuels the Vulcan Forged ecosystem, used for:
- In-game transactions and purchases.
- Staking to earn rewards and participate in governance.
- Marketplace fees.
- •Accessing exclusive features and content.
- VulcanVerse:
- The flagship MMORPG (massively multiplayer online role-playing game) within the Vulcan Forged universe.
- Players own land as NFTs, build structures, engage in quests and battles, and participate in a player-driven economy.
- Decentralized Applications (dApps):
- Vulcan Forged fosters the development of various dApps within its ecosystem, including:
- VulcanDex: A decentralized exchange for trading cryptocurrencies and NFTs.
- Vulcan Forge: A platform for launching and supporting new blockchain games.
- Marketplace tools and integrations.
- Community Focus:
- Vulcan Forged prioritizes a strong and engaged community, offering:
- Active social media channels and forums.
- Regular developer updates and community events.
- Decentralized governance mechanisms for community decision-making.
- Elysium Blockchain: Vulcan Forged is developing its own carbon-neutral Layer-1 blockchain called Elysium, aiming for faster transaction speeds and lower fees.
- MetaScapes: An upcoming “Metaverse-as-a-Service” project allowing creators to build and monetize their own virtual worlds within the Vulcan Forged ecosystem.
Advantages of Vulcan Forged Network
- For Players:
- Play-to-Earn Paradise: Vulcan Forged games, like the flagship MMORPG VulcanVerse, are built around the Play-to-Earn (P2E) model. Players can earn the platform’s native tokens, PYR and LAVA, through various in-game activities, transforming playtime into potential cryptocurrency rewards.
- Own Your Game: Forget loot drops that vanish upon logging out. Vulcan Forged empowers players with true ownership of their in-game assets. These assets, represented as NFTs, can be freely traded, sold, or used within the Vulcan Forged ecosystem, fostering a sense of community and investment in the game world.
- A Buffet of Games: Vulcan Forged isn’t a one-game show. Its diverse portfolio caters to various preferences. From the sprawling adventures of VulcanVerse to the strategic card battles of Berserk, players have a multitude of options to choose from.
- Community Matters: Vulcan Forged thrives on its vibrant and engaged community of players and developers. This fosters collaboration, support, and continuous improvement, ensuring the platform stays dynamic and exciting.
- For Investors:
- NFT Market Mania: The Vulcan Forged NFT marketplace pulsates with activity. Players can trade and sell their in-game NFTs, creating a thriving secondary market brimming with investment opportunities.
- Land of Opportunity: Land NFTs in VulcanVerse aren’t just virtual plots. They can be staked to earn passive income in the form of PYR tokens, providing another lucrative avenue for investors to tap into.
- For Developers:
- Elysium: Building on a Solid Foundation: Vulcan Forged boasts its own blockchain, Elysium, specifically designed for the demands of gaming and metaverse applications. This offers developers a fast, secure, and scalable platform to build their dream projects.
- Forge Your Masterpiece: Vulcan Forged provides developers with a treasure trove of tools and resources. From development kits to funding opportunities, aspiring creators have everything they need to bring their blockchain game visions to life.
Risks and Challenges
- Security: Vulcan Forged was hacked in 2021, resulting in the loss of 4.5 million PYR tokens, the native currency of the platform. The hackers exploited a vulnerability in the token contract that allowed them to mint new tokens and sell them on the market.
- Adoption: Vulcan Forged is competing with other blockchain gaming platforms, such as Axie Infinity, Decentraland, and The Sandbox. To attract and retain users, Vulcan Forged needs to offer high-quality games, a vibrant community, and a rewarding ecosystem.
- Balancing Play-to-Earn and Fun: One of the biggest challenges for any play-to-earn game is finding the right balance between making the game fun and rewarding players for their time and effort. If the focus is too heavily on earning, the game can become repetitive and grindy, leading to player churn.
- Sustainable Economy: Play-to-earn games rely on a healthy in-game economy to function. This can be difficult to achieve and maintain, as the value of in-game assets can fluctuate based on player activity and market forces.
- Volatile Crypto Market: The cryptocurrency market is notoriously volatile, which can impact the value of Vulcan Forged’s in-game tokens and NFTs. This can make it difficult for players to predict their earnings and can lead to financial losses.
How Vulcan Forged Addresses Challenges
- The Vulcan Forged team has since stabilized the situation and refunded its users. They also upgraded the token contract to prevent future attacks.
- Vulcan Forged has developed its own flagship game, Vulcan Verse, which is a fantasy MMORPG with land ownership, staking, and NFTs. It also supports third-party game developers and dApps, and hosts various events and tournaments to engage its users. Additionally, Vulcan Forged has a unique token economy that uses two utility tokens, PYR and LAVA, to facilitate transactions, governance, and rewards on the platform.
- Vulcan Forged is committed to creating fun and engaging games that players will enjoy regardless of their earning potential.
- Diversified In-Game Economy: Vulcan Forged is working to create a diverse in-game economy with multiple revenue streams to help mitigate the risk of price fluctuations.
- Transparency and Communication: Vulcan Forged is committed to being transparent with its community and communicating openly about any challenges they face.
How Vulcan Forged is Secured
Vulcan Forged stands as a pioneering force in the burgeoning web3 landscape, offering a comprehensive ecosystem fueled by cutting-edge technologies like gaming, NFTs, AI, and metaverse solutions. The cornerstone of this ecosystem is the Elysium blockchain, a carbon-neutral Layer-1 network boasting impressive flexibility and environmental consciousness.
Built with Ethereum Virtual Machine (EVM) compatibility at its core, Elysium seamlessly integrates with existing Ethereum-based infrastructure and smart contracts. This facilitates developer adoption and fosters a vibrant cross-chain ecosystem. Furthermore, Elysium employs a robust proof-of-stake (PoS) consensus mechanism, empowering users to stake their native token, $PYR, and reap rewards through $LAVA tokens generated from transaction fees. This democratizes governance and incentivizes network participation, contributing to long-term stability and growth.
Conclusion
Vulcan Forged strives to be a one-stop shop for enthusiasts of blockchain-powered gaming. It offers players opportunities to participate in play-to-earn experiences, own and trade game-related NFTs, and potentially contribute to the broader web3 gaming landscape through the dApp incubator.
https://vulcan-forged.gitbook.io/whitepaper/white-paper/a-general-introduction-to-vulcan-forged/overview
https://vulcanforged.com/
https://www.coingecko.com/en/coins/vulcan-forged
https://cointelegraph.com/learn/volcan-forged
https://www.salt.org/speakers/jamie-thomson
https://docs.vulcanforged.com/vulcanforged
