Among the many blockchain ventures out there, VulcanVerse is one of them that is thriving in the gaming industry
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With technological advancements, the way we live our lives, conduct business, and spend our leisure time has changed. Blockchain is one such industry that has done exceptionally well in recent years. Thanks to this technology, people can now purchase, sell, earn, and exchange tokens in a digital environment. It has helped people earn money in new ways. Among the many blockchain ventures out there, VulcanVerse is one of them that is thriving in the gaming industry.
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Blockchain-based games where users may monetize their abilities have begun to take hold, thanks to the growth of NFTs and intriguing virtual universes drawing a new wave of gamers. VulcanVerse has constructed a full MMO ecosystem where users can fight, perform quests, collaborate, and play in a realm with a complex and all-encompassing fantasy narrative.
VulcanVerse combines the conventional dynamics of an MMO fantasy and offers it a twist that enables users to assume complete control over all bought or created in-game properties. The project first started at Vechain Thor but decided to go to the NFT-friendly Polygon network. Based on VulcanVers' quick rise in NFTs, its trading volume has climbed from roughly $10,000 to $6 million. This increase is mainly due to the transfer to a more suited Polygon network and the continuing speculation about NFTs value.
With time and growing trends, VulcanVerse ensures its users have a brilliant experience. Their professional and technologically sound team always comes up with ideas that will benefit the company as well as the gamers. In January 2021, Vulcan Forged and Matic signed a cross-chain partnership to launch the PYR token, which will be used across the ecosystem. The PYR token will be used to execute fee settlement, staking, defi game launchpads, play-to-earn rewards, gaming platform pools, and reduced marketplace utilisation. PYR is a deflationary token in which 10% of each transaction goes to reward pools and 5% to buy-back and supply locking. As a lock-up token, PYR tokens can be staked and profited in a gaming environment.
With the play-to-earn economy, VulcanVerse allows gamers to make a career or earn their living by creating in-game goods that add value.
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