Crypto financial platform AscendEX announced the listing of Vulcan Forged (PYR), with trading for the USDT/PYR pair scheduled to go live at 1 p.m. UTC on Oct. 5. To mark the launch, AscendEX and the PYR team said they will run a limited-time promotional campaign offering users a chance to share up to 60,000 USDT in rewards.
Vulcan Forged expands from NFT roots into a broader gaming ecosystem
According to the release, Vulcan Forged started as a digital art NFT platform and game studio before growing into a broader ecosystem that includes multiple decentralized applications, a launchpad, and an NFT marketplace. The project says it now supports more than 12 games and offers over 100 play-to-earn routes. Its flagship metaverse, VulcanVerse, is described as a live fantasy world combining high-quality graphics, World of Warcraft-style gameplay, and Minecraft-like building mechanics.
The team positions its strategy around building compelling games first and layering blockchain functionality afterward, aiming to create a stronger user experience. In the release, Vulcan Forged also describes itself as one of the higher-volume NFT marketplaces and notes that it became the second busiest client on the VeChain network, reaching nearly $3 million in NFT trading volume.
PYR serves as the utility token across the platform
PYR is the native utility token of the Vulcan Forged ecosystem. The announcement states that it is an ERC-20 token that can also be ported to Matic. Its intended use cases include transaction settlement, staking, and in-game utility across different environments within the Vulcan Forged platform.
The project also says it aims to remove gas fees and certain crypto-related friction for game developers building on its platform. In addition, it offers support for third-party creators, allowing community members to develop games more quickly and at lower cost.
AscendEX highlights interest in decentralized gaming
AscendEX said decentralized gaming is one of the fast-growing sectors in the crypto market and framed the PYR listing as part of its broader support for the space. The exchange, launched in 2018, says it offers spot, margin, futures, wallet, and staking services and supports more than 200 blockchain projects for over 1 million retail and institutional clients globally.
As this announcement was issued as a press release, the information primarily reflects claims made by the platform and the project team. Market participants should conduct their own due diligence before trading the token or joining any related promotional campaign.