Vulcan Forged (PYR)
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Frequently Asked Questions
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Gaming
Vulcan Forged powers a web3 gaming ecosystem with over 10 games, including VulcanVerse (an MMORPG) and Berserk (a trading card game). Players can earn rewards, stake tokens, and engage in immersive gameplay.
Blockchain
It uses Elysium, a carbon-neutral Layer-1 blockchain optimized for gaming, NFTs, AI, and metaverse projects. Elysium offers fast transactions and strong security for developers and users.
Metaverse
Vulcan Forged is building MetaScapes, a metaverse platform with multiple worlds (fantasy, cartoon, urban, futuristic) where users can explore, create, and connect.
NFTs and Marketplace
Users can trade and collect unique digital assets on the Vulcan Forged NFT marketplace, supporting ownership and creativity within the ecosystem.
Community and Rewards
The ecosystem includes staking options (stake PYR tokens to earn ELY), special passes like Frenzy Pass to earn rewards, and an active community on Discord for engagement and updates.
Last Updated: 6/20/2025 02:04 UTC -
Advantages
- Strong Gaming Focus: Vulcan Forged is built around blockchain games and NFTs, offering unique play-to-earn opportunities.
- Active Community: It has a growing and engaged user base, which helps with adoption and support.
- Multiple Products: Includes games, a marketplace, and a launchpad, providing a broad ecosystem.
- Cross-Chain Compatibility: Supports different blockchains, increasing flexibility and reach.
Disadvantages
- Market Volatility: Like many crypto tokens, its price can be highly volatile.
- Niche Audience: Mainly appeals to gamers and NFT collectors, which may limit broader use.
- Competition: Faces strong competition from other blockchain gaming projects.
- Development Risks: Ongoing updates and new features depend on the team’s success and market interest.
Last Updated: 6/20/2025 02:05 UTC -
Founders
Vulcan Forged was founded by Jamie Thomson in 2020. He is the CEO and the main known founder behind the project.
Background
Jamie Thomson started Vulcan Forged as a small digital art NFT platform and game studio. It has since grown into a large blockchain gaming ecosystem with multiple games, NFTs, and a native token called PYR.
Location
The company is based in Athens, Greece, with a growing team spread across Greece, the UK, and Ukraine.
Last Updated: 6/20/2025 02:05 UTC -
Institutional Investors
Vulcan Forged has several key institutional investors including SkyBridge Capital, Red Swiss Venture Capital, TD.VC, Alpha Token Capital, and NonceVC.
Funding Highlights
- Raised $8 million in a Series A funding round led by SkyBridge Capital.
- SkyBridge Capital also has an option to invest an additional $33 million.
About SkyBridge Capital
SkyBridge Capital is a global investment firm founded by Anthony Scaramucci, specializing in cryptocurrencies, digital assets, fintech, and venture capital.
Summary
The main investors in Vulcan Forged are venture capital and crypto-focused investment firms that support its growth in blockchain gaming, NFTs, and metaverse projects.
Last Updated: 6/20/2025 02:05 UTC -
Halal Status of Vulcan Forged
- Answer: No
- Reason: There is no official or widely recognized Islamic scholarly ruling confirming that Vulcan Forged is halal. Since it involves cryptocurrency, NFTs, and gaming elements, which often have varying interpretations in Islamic finance, no clear halal certification or fatwa is available for Vulcan Forged.
Last Updated: 6/20/2025 02:05 UTC
Description
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Vulcan Forged is a gaming ecosystem that combines a game studio, an NFT marketplace, and a blockchain called Elysium. It focuses on providing immersive gaming experiences, allowing players to earn and trade PYR tokens, which are used for in-game transactions, staking, and participating in various ecosystem activities.
| Sector: | Gaming |
| Blockchain: | Ethereum |
