PRESS RELEASE. Vulcan Forged has launched a revolutionary new decentralized exchange for gaming tokens following the success of its gaming metaverse, VulcanVerse.
Cardiff, United Kingdom – Blockchain gaming platform, Vulcan Forged, announces the launch of the very first decentralized exchange (DEX) specifically designed for gaming tokens, VulcanDEX. The DEX will allow users of the gaming platform to redeem any gaming token without the need to register. Players will then be able to use their newly acquired tokens in their respective game.
Users will also be able to wager in-game tokens to facilitate trading in VulcanDEX, with users earning rewards in proportion to their share of specific cash pools. DEX currently has 4 active pools for this purpose, with several more including $ YGG, $ SAND $ AXS and $ VNLA to come. Additionally, game assets can be mined in VulcanDEX in the form of non-fungible tokens (NFTs), creating an active economy involving several popular blockchain-based game ecosystems.
VulcanDEX is also powered by $ PYR, the utility token that is the backbone of the VulcanForged gaming ecosystem. Players can wager PYR in the DEX as well as earn their rewards there and wager them in pools in addition to other game tokens.
Pioneer of the decentralized winning game model
With the addition of VulcanDEX to its portfolio of games and products, Vulcan Forged has become a real pioneer in the “Play-to-Earn” (P2E) space. P2E is a gaming business model that creates open economies within gaming ecosystems and rewards those who add value to games by contributing to their development. This can take the form of contributions such as game design and development, and even beta testing of new games. The idea is to provide access to potential players who would otherwise pay a premium to play popular games.
Vulcan Forged merged this emerging concept with the principles of Decentralized Finance (DeFi), allowing participants of VulcanForged’s gaming platform to contribute gaming tokens and other crypto assets to facilitate their exchange between decentralized players. . Additionally, the P2E industry is relatively new, with players like Axie Infinity and Decentraland only gaining popularity this year. This places Vulcan Forged at the forefront of this new emerging industry.
Building on success
This Vulcan Forged finds itself in this pioneering position is no surprise given its recent success. Together, Vulcan Forged games are expected to hit the 200,000 user mark by the end of 2021. This is the result of a number of successful developments since the start of the year for the Vulcan Forged team, including the securing intellectual property rights. for iconic artwork to be included in their flagship game world, the VulcanVersre.
The works include Frank Frazetta’s “Egyptian Queen”, a painting that sold earlier in the year for more than $ 5.4 million. Frazetta is a world-renowned fantasy and science fiction artist best known for his illustrations of Conan the Barbarian. Additionally, Vulcan Forged has also partnered with Arkane Network to support gaming-focused, Polygon-built NFTs. Expanding to other popular ecosystems in the crypto space is part of Vulcan Forged’s longer-term plan to expand access to its pioneering games and game development ecosystem.
About Vulcan Forgé
Designed as an easy to play and easy to build ecosystem, Vulcan Forged is a community-based project that promotes the development of world-class blockchain games by supporting developers through its development programs. ‘incubation and crowdfunding.
For blockchain game enthusiasts, Vulcan Forged is a one-stop-shop where they can access popular games and a huge NFT marketplace to buy and sell digital in-game assets. The entire ecosystem is powered by its own. PYR settlement, staking and utility token. The ERC20 compatible PYR is a cross-platform currency that can be used in game titles that are part of the Vulcan Forged ecosystem.
For more information on Vulcan Forged’s revolutionary new DEX, visit their website here.
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Media contact details
Name of the contact: Jimi Exohus
Contact email: [email protected]
VULCANFORGED is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.
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