·

Vulcan Forged Play-to-Earn Gaming Ecosystem Heats Up

Posted by
Ian Kane

300% increase in active users for its leading game

The Vulcan Forged gaming ecosystem got a welcome booster this week as active users across its four leading games grew exponentially, while its native marketplace registered almost 14,000 transactions and $1.9 million in volume. The gaming ecosystem, fuelled by its native PYR token, attracts gamers and investors alike as the play-to-earn movement continues its impressive march onwards. 

One game in the ecosystem performs particularly well. The trading card game Berserk: Vulcanites Unleashed, a game that can be downloaded on iOS or Android, has attracted 5,000 unique active wallets in the last 7 days. That’s a 304% increase week over week. Those wallets completed 7,870 transactions showing large levels of in-game interaction.

Like all play-to-earn games, the native token underpins the ecosystem. In this case, PYR is utilized by players as in-game currency, and to earn rewards through staking and leveling up. The leading game, Beserk, presents players with a beast and spells NFT card collectible game, with over 30 game mechanics and leagues to battle through. Players can also earn LAVA by using their Berserk game characters, which are minted for free, in a version of 3D speed chess.

Unlike some other play-to-earn games popping up with frankly weak mechanics, Vulcan Forged appears to be bedding in for the long run. The NFT marketplace has done $6 million in volume so far. The token powers the ecosystem rather than being a speculative representation, meaning players instantly get token utility. Plus, there are already 7 unique games live on the platform, including the MMO and flagship title VulvanVerse. 

The utility of the token can be seen through activity on the native marketplace where players are buying, selling, and trading in-game items represented by NFTs. In this way, the play-to-earn mechanic is activated as players level up and sell extra cards no longer required or forged. In the last 7 days, the marketplace pulled in $1.9 million and dealt with almost 14,000 transactions from just over 7,000 unique active wallets.

Blockchain Gaming’s first DEX 

One other very innovative feature of the Vulcan Forged ecosystem is that they have established the first decentralized exchange dedicated to gaming tokens only. Again shows that the company is setting up for the long term. Moreover, the platform is there for players to swap, farm, and stake their gaming tokens. Staking is not currently active, but liquidity pools are open for a number of pairs that reward players with NFTs usable in the gaming ecosystem. As mentioned, this complete loop is what activates the play-to-earn mechanism in blockchain games. Vulcan Forged appears to be well on the way to building a nice user experience loop. One that can keep players entertained, rewarded, and loyal to the ecosystem. 

The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in ETH, BTC, NIOX, AGIX, MATIC, MANA, SAFEMOON, SDAO, CAKE, HEX, LINK, GRT, CRO, OMI, GO, SHIBA INU, AND OCEAN.

Newsletter
Unsubscribe at any time. T&Cs and Privacy Policy

Share this post on social media

Share this Article

Related articles

Related articles

Vulcan Forged Adds NFT Lending to Play-to-Earn Economy

Yield Guild Games first to step into new player economy model
© 2018-2021 DappRadar, UAB