Cryptocurrency is on the rise with numerous amounts of crypto-focused developers believing that blockchain technology is the next step of evolution for humanity. One ingenious aspect of blockchain is molding smart contracts to create Non-Fungible Tokens (NFTs). NFTs open a new avenue for trading between investors and crypto-enthusiasts. Vulcan Forged (PYR) is a company that is working on this.
Vulcan is one of those companies that started out with being a small digital art NFT platform. Now it is a multi-dApp platform, game studio, launchpad, and a top 5 volume NFT marketplace. Second, only to Walmart, they are the busiest client on the VeChain Network, moving from a few users to thousands with just under $3m in NFT trading volume.
The chief aspect of Vulcan Forged (PYR) which they themselves proclaim to have is the ability to remove gas and crypto for game developers using their platform. It offers good incentives to new developers to come with their idea and turn it into a game. Community members have gone on to make their games with ground-up support, including Coddle Pets, Block Babies, and GeoCats. Currently, Vulcan can be said to be an established gaming studio, eco-system, and a top-tier NFT marketplace with 1000s of users, 10+ dApps, and $3m in trading volume.
The Vulcan BVI Company (Vulcan Forged LTD) will be the token issuer to hold and then subsequently sell them through (PYR) Initial Liquidity Offering (ILO). Their main office is to be based in Singapore which is to provide the platform with the necessary marketing, community development, overseeing game development, and overall operations.
The native token of Vulcan Forged is PYR. It is an ERC-20 based token. PYR is to the central transferrable unit in the case settlement medium, staking (for privileges), and gaming utilities. In case of a transaction through PYR, ten percent of it will be sent to a reward pool that shall be distributed among the ecosystem contributors.
Price Movement – Vulcan Forged (PYR)
At the time when this article is being written, the current value of PYR is $41.27. It has a trading volume of $97,128,944 with an increase of 75.62% over the past twenty-four hours. The total supply of the coin is 50 million out of which 18,997,700.00 PYR is in circulation. It must be said that PYR has made strides ever since the Facebook announcement of rebranding itself as “Meta”. The monthly value on the first of November was $14 from where it made a jump and has the current value it has at the moment. The prospects of the coin do look bright.
