NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens – Press Release

PRESS RELEASE.Vulcan Forged has launched a new and revolutionary decentralized gaming token exchange following the success of its gaming metaverse VulcanVerse.

Cardiff, United Kingdom– Blockchain gaming platform, Volcanic Forged, announces the launch of the first-ever decentralized exchange (DEX) designed specifically for tokens. VulkanDEX. The DEX allows gaming platform users to trade any token without having to register. Players can then use their newly acquired tokens in their respective games.

Users can also stake tokens to facilitate exchanges in VulcanDEX, with users receiving rewards in proportion to their stake in specific liquidity pools. The DEX currently has 4 active pools for this purpose, with several more coming soon, including $YGG, $SAND, $AXS and $VNLA. Additionally, in-game assets on VulcanDEX can be farmed in the form of non-fungible tokens (NFTs), creating an active economy that spans several popular blockchain-based gaming ecosystems.

VulcanDEX is also powered by $PYR, the utility token that forms the backbone of the VulcanForged gaming ecosystem. Players can stake PYR in the DEX as well as earn their rewards in it and stake it in pools in addition to other tokens.

Pioneer of the decentralized play-to-earn model

With the addition of VulkanDEXto its games and product portfolio, Volcanic Forgedhas become a true 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 be in the form of contributions such as game design and development or even beta testing of new games. The idea is to give access to potential players who would otherwise pay a premium to play popular games.

Vulcan Forged has merged this emerging concept with decentralized finance (DeFi) principles, allowing participants to VulcanForged's gaming platform to contribute gaming tokens and other crypto assets to facilitate their exchanges between decentralized players. Additionally, the P2E industry is relatively new, with players like Axie Infinity and Decentraland only gaining significant popularity this year. This puts Vulcan Forged at the forefront of this new, emerging industry.

Build on success

That Volcanic ForgedThis pioneering position is no surprise given its recent success. Combined, the Vulcan Forged games will surpass the 200,000 user milestone by the end of 2021. This is the result of a series of successful developments since the start of the year for the Vulcan Forged team, including securing the intellectual property rights for iconic works of art that will be included in their flagship game world, the VulcanVersre.

The works include “Egyptian Queen” by Frank Frazetta, a painting that sold for over $5.4 million earlier this year. 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 NFTs based on Polygon. The expansion to other popular ecosystems in the crypto space is part of Vulcan Forged's longer-term plan to expand access to its groundbreaking gaming and game development ecosystem.

About Volcanoforged

Designed as an easy to play and easy to build ecosystem, Volcanic Forgedis 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 to access popular games and a massive NFT marketplace to buy and sell in-game digital assets. The entire ecosystem is powered by its own PYR settlement, staking and utility tokens. 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.

Follow Vulcan Forged on Twitter
Join the Vulcan Forged community telegram

Like Vulcan Forged on Facebook

Stay up to date with Vulcan Forged’s discord

Media contact details

Contact name:Jimi Exohus

Contact email:PR@VulcanForged.com

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.

---

This is a press release. Readers should conduct their own due diligence before taking any action in connection with the advertised company or any of its affiliates or services. Bitcoin.com shall not be responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in the press release.

---

Listen to the latest Bitcoin.com podcast:

Photo credits: Shutterstock, Pixabay, Wiki Commons