Vulcan Forged GameFi Explodes As MAIV RWA Arrives on Elysium: But What is PYR Crypto?

Vulcan Forged, PYR crypto is in traders’ crosshairs after the deployment of MAIV on Elysium. Supporters expect to inch higher.

Gamers always adopt new technologies, including blockchain. They are keen to try new systems and see how they can improve their experiences.

Therefore, it is not surprising that the first Bitcoin and crypto miners were gamers. Those who got in early are now millionaires with their CPUs and GPUs.

Beyond this, gaming is a multi-billion dollar industry. By 2020, research findings project it to reach over $600 billion in revenue. This valuation is massive and will only continue to expand.

Therefore, it is not surprising that specific crypto projects are dedicated to enhancing user experience while integrating blockchain decentralization.

Vulcan Forged Welcomes MAIV to Elysium

Yesterday, August 20, Vulcan Forged, a play-to-earn gaming platform, said it was integrating MAIV.

By itself, Vulcan Forged is a comprehensive ecosystem comprising an NFT marketplace, a gaming portal, a DEX, and a dApp incubator.

The MAIV IEO is in progress.

However, its incorporation into the Vulcan Forged ecosystem is a huge plus for the project.

To get into the details, MAIV is building a fully regulated real-world asset platform.

 

It will deploy on Elysium, another dedicated layer-1 built by Vulcan for gaming, AI, and metaverse projects. The highly scalable platform is compatible with Ethereum.

What Is PYR Crypto?

The decision to support MAIV has also drawn attention to PYR, the native token of the Vulcan Forged blockchain.

Like ETH is to Ethereum, PYR is core to the broader Vulcan Forged ecosystem.

Holders can use the token to pay the fees needed for settlement.

At the same time, the coin is used to upgrade gaming items and trade in-house NFTs , and it is distributed as P2E gaming rewards.

Those who must also access Vulcan Forged blockchain games and all pools must buy PYR.

Holders are free to stake PYR and earn other rewards.

Players have to SOW their land to stake by paying a one-time fee. As they level up, they also earn more staking rewards.

LAVA complements PYR crypot. It is a secondary Vulcan Forged setup token with a capped supply.

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PYR Price Analysis: Buyers Are Back – Will PYR Crypto Rally?

When writing on August 21, PYR is inching higher, adding nearly 25% from August lows. The uptrend is clear, and momentum is gradually picking up steam.

( PYRUSDT )

The immediate resistance is $3.7, while support is $2.2. As long as prices remain above the primary support, buyers can push the coin towards the first local resistance, giving bulls a refreshing boost.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.