{"id":402442,"date":"2022-02-02T03:30:00","date_gmt":"2022-02-02T00:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vulcan-forged-pyr-rallies-after-virtual-land-sales-and-the-elysium-testnet-launch\/"},"modified":"2022-02-02T03:30:00","modified_gmt":"2022-02-02T00:30:00","slug":"vulcan-forged-pyr-rallies-after-virtual-land-sales-and-the-elysium-testnet-launch","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vulcan-forged-pyr-rallies-after-virtual-land-sales-and-the-elysium-testnet-launch\/","title":{"rendered":"# Vulcan Forged (PYR) rallies after virtual land sales and the Elysium testnet launch"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40c729303cf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40c729303cf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/vulcan-forged-pyr-rallies-after-virtual-land-sales-and-the-elysium-testnet-launch\/#Elysium_testnet_launches\" >Elysium testnet launches<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/vulcan-forged-pyr-rallies-after-virtual-land-sales-and-the-elysium-testnet-launch\/#Land_sales_go_live\" >Land sales go live<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/vulcan-forged-pyr-rallies-after-virtual-land-sales-and-the-elysium-testnet-launch\/#PYR_support_on_Polygon\" >PYR support on Polygon<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Vulcan Forged (PYR) rallies after virtual land sales and the Elysium testnet launch <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Nonfungible tokens (NFTs), gaming protocols and the dawn of the Metaverse were all trending topics in 2021 and they are shaping up to be even bigger in 2022.\u00a0<\/p>\n<p>NFTs and Metaverse-related projects are also bouncing back quickly from the market-wide downturn and Vulcan Forged (PYR) is one of the top movers this week. The project is a blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> studio and NFT marketplace that is in the process of developing out its VulcanVerse ecosystem. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that after hitting a low of $6.59 on Jan. 24, the price of PYR has rallied 119% to an intraday high at $14.43 on Feb. 1 amid a 141% spike in its 24-hour trading volume. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/a3d97c94-e7cd-4c45-892e-c338d5ca3b35.png\"><figcaption style=\"text-align: center;\"><em>PYR\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the recovery seen in the price of PYR include the launch of the Elysium testnet, the listing of 100 plots of land for sale within the VulcanVerse and the launch of a PYR bridge between Ethereum and Polygon.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elysium_testnet_launches\"><\/span>Elysium testnet launches<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>High fees on the Ethereum network have been a thorn in the side of protocols hosted on the network and this has led to many projects migrating to other networks or launching their own solutions to help lower the cost for users. <\/p>\n<p>Vulcan Forged opted to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> the latter by launching the Elysium blockchain, which Vulcan Forged is referring to as \u201cthe blockchain for Metaverses.\u201d <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s 20:05 GMT, 28th January, 2022, The Year of the Vulcanite. <\/p>\n<p>And Elysium Testnet just went live.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24PYR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PYR<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/qqevQeC0TB\">pic.twitter.com\/qqevQeC0TB<\/a><\/p>\n<p>\u2014 Vulcan Forged (@VulcanForged) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VulcanForged\/status\/1487155691068534791?ref_src=twsrc%5Etfw\">January 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to announcements made about the project, Elysium will become the world\u2019s first carbon-neutral blockchain via a collaboration with the Netherlands-based decentralized carbon credit exchange Coorest. <\/p>\n<p>This will be accomplished by offsetting the CO2 emitted by the Elysium blockchain with tokenized trees and the gas fees from transactions will be used to plant trees on nearly 70,000 acres of land owned by Coorest. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/fe702a87-bdd9-4cbf-bbe7-46b1d69fbfec.png\"><\/figure>\n<p>In addtion to this environmentally-friendly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach, the network is also attracting the attention of other protocols, with Vulcan Forged indicating that three other Metaverse projects have already <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/vulcanforged\/status\/1464746105841889282\">signalled<\/a> their intent to launch on Elysium. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Land_sales_go_live\"><\/span>Land sales go live<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second reason for the bullish move in PYR over the past week has been the limited listing of 100 plots of land in the VulcanVerse. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">12-24 hours left on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VulcanVerse?ref_src=twsrc%5Etfw\">@VulcanVerse<\/a> 100 plot sale. <\/p>\n<p>Auction expiry dates cleverly designed for time zones.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CjiW5HPVjY\">https:\/\/t.co\/CjiW5HPVjY<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24PYR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PYR<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/tDRhQT5HjG\">pic.twitter.com\/tDRhQT5HjG<\/a><\/p>\n<p>\u2014 Vulcan Forged (@VulcanForged) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VulcanForged\/status\/1488464674358185985?ref_src=twsrc%5Etfw\">February 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>All plots of land are available for purchase using PYR, which has prompted some traders to accumulate the token to make a purchase, leading to an increase in demand and token price. <\/p>\n<p>On top of offering holders a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/David_SHAman_\/status\/1486806203330142215\">yield<\/a> of 35 PYR per month for the next four years, land plots in the VulcanVerse can also be used to to earn through gameplay or rent.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>NFTs are \u2018Stayin\u2019 Alive\u2019 as new minting trends, AI and music-based projects thrive<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PYR_support_on_Polygon\"><\/span>PYR support on Polygon<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third reason for the bullish turnaround in the price of PYR has been the success of VulcanDex, the protocols decentralized exchange which currently operates on the Polygon and Ethereum networks. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/e0aa3803-01be-48c4-964c-9df4f098141c.png\"><\/figure>\n<p>According to VulcanDeX, the protocol surpassed a total value locked of $10 million on Jan. 29 and this figure continues to rise as PYR price rallies.<\/p>\n<p>VulcanDEX is also in the process of integrating a cross-chain bridge between Ethereum and Polygon into the \u2018My Forge\u2019 section of the DEX that will enable the simple transfer of PYR tokens between the two networks. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vulcan-forged-pyr-rallies-after-virtual-land-sales-and-the-elysium-testnet-launch\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Vulcan Forged (PYR) rallies after virtual land sales and the Elysium testnet launch &#8221; Nonfungible tokens (NFTs), gaming protocols and the dawn of the Metaverse were all trending topics in 2021 and they are shaping up to be even bigger in 2022.\u00a0 NFTs and Metaverse-related projects are also bouncing back quickly from the market-wide&#8230;<\/p>\n","protected":false},"author":1,"featured_media":402443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvNTBmYjE3OGQtYmFlZS00MGM2LWFlYjctZDg5NzZiN2VlNThjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74860,74877,74868,74891,91498,95118,113408,73785,17813],"class_list":["post-402442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralized-exchange","tag-defi","tag-ethereum","tag-metaverse","tag-nft","tag-polygon","tag-markets","tag-virtual-reality"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=402442"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/402443"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=402442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=402442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=402442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}