The emergence of NFTs has caused a rapid shift in the gaming industry from web2 where ownership of in-game assets is not guaranteed to web3 where users can own, trade, buy, and sell their in-game assets using the blockchain technology that proves the ownership of each asset on-chain. 

Despite the surge in the gaming ecosystem during the last bull run, some major problems have hindered the full growth of web3 gaming. One of the common issues is the lack of dedicated platforms and blockchains built with gaming in mind. The first set of gaming were deployed on blockchains that are mostly built for decentralized applications (defi). To resolve this issue, some projects have built a blockchain purposely designed for gaming projects. Let's explore one of them. 

To ensure that web3 gaming gain the growth that it deserves, a new blockchain that is scalable and provides support for game developers is needed. Attached with this is a way of ensuring low gas fees as a way to ease the transaction of game assets and allow players to buy and sell seamlessly. 

VULCAN FORGE 

Vulcan Forge is a robust platform and ecosystem dedicated to providing the necessary tools needed to build the future of gaming and virtual worlds. The ecosystem comprise of; a layer 1 blockchain(Elysium) majorly designed for gaming, a gaming studio(Vulcan Studio), a metaverse builder(Metascapes), and numerous gaming products that have been developed by the studio. How does all these sum up into an all-in-one ecosystem designed for gaming products to thrive?

THE ECOSYSTEM

1. VULCAN STUDIO

A gaming studio dedicated to creating different games. As the initial starting point of the Vulcan Forge ecosystem before extending to building a layer 1 blockchain and a metaverse builder, the team has released major gaming products which consist of VulcanVerse, a blockchain MMORPG with NFT land and character ownership, Berserk, a blockchain-based strategic CCG, and Vulcan's Tower Defense, a mobile tower defense game in the VulcanVerse universe and many more. 

2. ELYSIUM

A layer 1 blockchain dedicated to gaming products and hosting virtual worlds. The Elysium blockchain has many features that solved the major problem of onboarding web2 game developers and players to the web3 gaming industry. Likewise, the Elysium blockchain solves major problems that other blockchains have overlooked. 

While major blockchains are focusing on increasing transactions per second (TPS) and reducing gas fees, Elysium takes a step further by solving the problem of using a specific token to be used as a gas fee. Instead of using $LAVA which is the token that powers the Elysium blockchain as the only gas fee for using the network, you can use any token in your wallet to pay for gas fees on Elysium blockchain therefore reducing the barriers of looking for a specific token to use for gas fees. This has been a major roadblock in onboarding users to blockchain. 

A major core feature that is similar to the previous one is enabling the payment of gas fees by another party either by the project developers or anyone can volunteer to pay the gas fees, therefore allowing gas fee donation and allowing users to interact with games and apps freely on the blockchain without an additional cost. 

While enhancing TPS is a major aim of the industry-leading chain, the need for the Elysium blockchain features has been the desire of many web3 users and something that can help to onboard web2 users into the web3 ecosystem. 

3. METASCAPES

Metaverse is not dead, it is still in development and projects are constantly developing the future of the Internet. Metascapes as a virtual world builder will remove the rigorous work needed to build a 3D world by using AI. A text to 3D prompt will be a game changer for the metaverse and many projects are working towards it. As metascapes begin to unfold, we await the future of the metaverse where everyone can build, design, and create.

4. THE TOKENOMICS

The ecosystem uses dual tokens, $PYR, and $LAVA. The main ecosystem token is $PRY which serves as the primary token used in the Vulcan Forge ecosystem. $LAVA which was formerly a gaming reward token and with few functionalities is now powering the Elysium blockchain with more robust use cases. 

$PYR USE CASES

1. Used to buy NFTs on the Marketplace
2. Sowing, staking, and upgrading land
3. Holding in My Forge for $LAVA generation
4. Soft Locking / Soft locking & burn for sowing seeds
5. NFT farming on ElysiumSwap
6. IDO Access on ElysiumSwap
7. Purchasing Berserk subscription passes and Frenzy Passes which will allow players access to in-game features and LAVA earnings.

$LAVA USE CASES

1. Elysium gas fees.
2. Purchasing Berserk Season Passes
3. Upgrading Land in VulcanVerse
4. Purchasing In-Game Consumables
5. Activating NFT Seeds
6. Unlocking Game Features Across Different Titles
7. Staking in ElysiumSwap (Vulcan Forged’s decentralized exchange)
8. Acquiring In-Game Assets
9. Upgrading Titans and Olympians
10. Participating in Tournaments
11. Ecosystem Fees and Daily Pools

PRODUCT REVIEW

Building an all-in-one platform for gaming products is something that both game developers and players have dreamed of. A dedicated blockchain used for gaming ensures low-gas and offers scalability and ownership of assets.

Overcoming major hack events that happened in December 2021 has demonstrated the team's resilience and vision in ensuring that the web3 gaming vision is achieved. The fee sponsorship and paying gas fees with any asset is a game changer that will enhance seamless transactions in the ecosystem. 

In summary, with Elysium, the layer-1 blockchain built for AI, metaverse, gaming, and NFT projects, vulcan studios, a comprehensive ecosystem of blockchain games, and MetaScapes, an upcoming innovative metaverse project, vulcan forged is uniquely positioned to address the current issues facing the industry. With its commitment to low gas fees, fast transaction and user-friendly interfaces, vulcan forged has positioned itself to lead the way in the development and evolution of blockchain-based gaming and the metaverse.

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Disclaimer: This article is just for educational purpose alone to spotlight products in web3. It does not serve as a content for making financial decisions. If you have a product that you want us to review, you can reach out to us through mail or open a ticket on discord.