The GameFi ecosystem has evolved in recent times, with earning opportunities being made available to those participating in gaming activities. Play-to-Earn games are blockchain-based games that allow players to earn crypto by playing the game. Users are typically rewarded with crypto or NFTs, which can be traded in the marketplace.
The core idea of Play-to-Earn games is to reward players for dedicating time and effort to playing and completing the game. Undoubtedly, the P2E business model is unique in gaming as it combines two activities humans enjoy: earning money and having fun.
The Vulcan Forged Ecosystem is a Play-to-Earn gaming ecosystem that offers many intriguing functionalities. This article comprehensively explores the Vulcan Forged Ecosystem, examining its features, Play-to-Earn games, and native tokens.
What is the Vulcan Forged Ecosystem?
The Vulcan Forged Ecosystem is a GameFi ecosystem with a Non-Fungible Token gaming studio, an NFT Marketplace, a decentralized exchange, Play-to-Earn games, Agora, and an incubator for decentralized apps.
It is a community gaming hub that introduces Play-to-Earn games into the blockchain gaming ecosystem while also providing other game developers access to the tools and funds needed to create and publish their games. They also offer a haven for third-party game developers to publish their games. In the same ecosystem, NFT enthusiasts can trade their in-game assets in the NFT Marketplace and Agora.
The Native Tokens of the Vulcan Forged Ecosystem
The Vulcan Forged Ecosystem has two tokens, each with different use cases in the gaming community, which will be discussed further below.
PYR is the native token of the Vulcan Forged Ecosystem, and it has an outstanding array of applications in the gaming community. Holders can use it to pay transaction fees when they purchase or sell in-game assets or NFTs in the marketplace.
Users who want to earn passive income can choose to stake PYR on the in-house decentralized exchange called the VulcanDEX. Players can use PYR tokens to stake their in-game assets instead of using them.
In the gaming ecosystem, players can decide to improve the quality of their NFTs, such as virtual lands and Vulcanites; to do this, they need PYR.
The LAVA token is the second token in this gaming ecosystem and is awarded to those participating in Vulcan Forged gaming activities.
When a player completes a task in Vulcan Verse, ranging from competing against others to befriending other players, they are rewarded with LAVA.
LAVA, like its counterpart above, has numerous applications. Firstly, holders can earn returns by staking their LAVA tokens on the VulcanDEX. Rewards earned via this staking mechanism are determined by the amount staked, the staking period, and much more.
Secondly, the LAVA token can be utilized to improve the quality of virtual land. Any gamer that wants to add more features to their land needs to use LAVA tokens.
The value of Vulcanites is typically determined by how their owners breed them. Pets with superior abilities, such as speed, are known to command a higher price than others. LAVA tokens can be utilized in upgrading the pet collectible.
Some features in Vulcan Verse can only be accessed with LAVA tokens, such as gaining access to tournaments where players compete against one another to climb up the leaderboard and earn rewards.
What are Vulcan Forged Games?
Vulcan Forged Ecosystem regularly creates new gaming products and partners with third parties. The Vulcan Verse is the major Vulcan Forged game.
The Vulcan Verse is a fantasy Massively Multiplayer Online Role-Playing Game (MMORPG) in which players can breed pets called Vulcanites. Gamers can breed their pet collectibles and use them in battle.
Vulcan Verse includes a variety of gaming assets with which players can interact.
Vulcanites typically have varying values based on specific criteria such as how they were bred, their lore, and their rank in the game. Those with a high level of rarity can be traded in the marketplace for a higher price than their counterparts.
The advantage of Vulcanites is that they are designed to have cross-chain functionality, which means they can be used in multiple Play-to-Earn games.
Players can use Vulcanites to fight other players, devise winning strategies, and earn LAVA tokens.
Secondly, Vulcanites are used to explore the game, looking for in-game assets as they play the game. They usually look for in-game assets around the gaming environment and decide whether to sell them or use them in the game.
Thirdly, a gamer can utilize a Vulcanite to try and gain access to the virtual lands of others and try to steal from them. Players can explore the different plots of land available, trying to gain an unfair advantage over their competitors by stealing from them if they want.
Finally, Vulcanites are also used in kingdom defence. Players are not only allowed to steal from their opponents, but they can also use Vulcanites to defend their territory. If a player notices that a rival is planning to steal items, they can send their pet collectibles to stop them.
Like most Play-to-Earn games, Vulcan Verse allows players to buy and sell virtual lands. Lands are NFTs that can be traded in the marketplace and are distributed throughout the ecosystem.
Gamers can improve the quality of their lands, thus increasing their value. Players can gain access to incredible features such as Vulcanites and staking by improving a virtual land.
Gamers can stake the native token when they upgrade the quality of their virtual land by paying to move it to the second level.
Staking rewards and land values increase as you move up the ladder. Players can advance through seven levels, with the highest rank providing the most PYR token rewards.
Other game assets
Game assets are designed to improve the quality of a player’s Vulcanite or virtual land. A gamer who wants faster speeds for their Vulcanites, for example, can purchase an in-game asset called ‘God.’
What are the Vulcan Forged Ecosystem’s features?
The Vulcan Forged Ecosystem comes with different products, such as the Play-to-Earn gaming platform that has been described above. The Play-to-Earn ecosystem is filled with multiple games developed by both in-house and outside developers.
Other features are the NFT marketplace, incubator, VulcanDEX, and MyForge.
VulcanDEX is the native decentralized exchange of this gaming ecosystem. It has cross-chain functionality and is not restricted to only tokens from one blockchain. Users can use this feature to exchange different in-game currencies, such as LAVA and PYR, as well as other gaming tokens.
Different trading options are available to those utilizing this decentralized exchange. They can decide to farm tokens to earn returns. The native tokens of the Vulcan Forged Ecosystem can be staked in this decentralized exchange to earn returns.
Holders of idle tokens can decide to provide liquidity in different pools to earn rewards. The APY designated for activity is dependent on some criteria.
In the NFT Marketplace, users can access different types of NFTs from multiple games. It is structured in. a way to permit users to explore varying types of NFTs with different rarity levels. Users can create NFTs, collections of various kinds, and sell any in-game asset they want, as long as it is related to the Vulcan Forged Ecosystem.
Vulcan Forged Ecosystem has an incubator for blockchain gaming startups with earning opportunities. This ecosystem intends to be a hub of developers releasing their innovative gaming features to the community while having access to the necessary support, which may come in the form of development tools, funds, a community of willing gamers, and so on.
MyForge is a feature that allows you to manage numerous different cryptocurrencies from one location. It serves as a dashboard for users to manage their activities within the Vulcan Forged Ecosystem.
The MyForge feature allows users to keep track of their cryptocurrency and asset portfolios. Gamers can use this dashboard to decide whether or not to sow seeds on their land. They can use the leaderboard to track their game progress. They can stay updated on their accomplishments in the ecosystem, their rewards, and much more.
- The Vulcan Forged Ecosystem is a GameFi realm that includes a Non-Fungible Token gaming studio, an NFT Marketplace, a decentralized exchange, Play-to-Earn games, Agora, and a decentralized app incubator.
- PYR and LAVA tokens are the native tokens in the Vulcan Forged ecosystem.
- The Vulcan Verse is the major Vulcan Forged game.
- Vulcanites have varying values depending on specific criteria, such as how they were bred, their lore, and their rank in the game.
- VulcanDEX is the native decentralized exchange of this gaming ecosystem.
- MyForge is a feature that allows you to manage multiple cryptocurrencies from a central location.
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