Explore Vulcan Forged (PYR), a leading web3 ecosystem with gaming, NFTs, metaverse, and its own L1 blockchain, Elysium. Discover what sets it apart.

Vulcan Forged started out as a gaming hub targeting 

 users who could access play-to-earn (P2E) games on it that are powered by 

 blockchains. However, over time, Vulcan Forged has evolved into an all-encompassing blockchain and web3 platform. It now offers Elysium (a Layer 1 blockchain), a 

 (NFT) projects, and Vulcan Studios for developing mobile and PC web3 games.

Let's explore the Vulcan Forged web3 ecosystem and learn why it's definitely a project to watch in the busy web3 space.

, a blockchain-powered gaming ecosystem, offers comprehensive solutions to web3 users, suited to all gaming needs.

Founded in 2019 by a team led by current CEO and founder Jamie Thomson, Vulcan Forged started out as a gaming hub in which users could access NFT-powered web3 games. However, with Thomson at the helm, Vulcan Forged has transitioned into a full-fledged blockchain ecosystem that’s designed to solve the challenges faced by web3 users, such as high fees, slow transaction times and user-unfriendly gaming interfaces.

At the core of its comprehensive ecosystem is Elysium, a 

 designed specifically to power gaming and the metaverse. By leveraging the Elysium blockchain, Vulcan Forged is better positioned to offer enhanced functionalities, such as dynamic NFTs, an advanced suite of tools and a more immersive gaming experience.

Vulcan Studios, part of the Vulcan Forged ecosystem, supports the development of blockchain games. Several enhancements to Vulcan Studios now provide for an interconnected universe for gamers, a critical move in the platform's bid to become a more unified gaming ecosystem.

Vulcan Forged NFT marketplaces like Agora and Cedalion offer users a seamless experience in trading and creating digital assets. In particular, Agora provides a user-friendly interface for minting NFTs without gas fees that makes it accessible for creators and collectors alike.

Furthermore, the Vulcan Forged team has announced that VulcanX, its 

 (CEX), is almost complete. VulcanX will provide the platform's users with a gamified trading experience in which landholders In its ecosystem will share in generated revenue.

The entire Vulcan Forged ecosystem is governed by a dual-token economy consisting of PYR and ELY (previously LAVA) tokens.

 blockchain developed by Vulcan Forged that’s designed to power the future of web3 gaming, NFTs and 

 (DApps). Created with developers and users in mind, Elysium combines scalability, high throughput and a strong sustainability ethos to deliver a robust and eco-friendly blockchain ecosystem.

 (EVM) framework, Elysium supports fast, low-cost transactions, and is fully compatible with both Ethereum-based and Substrate-based tools. Its interoperability makes it an ideal platform for developers looking to deploy DApps, launch NFT collections or create gaming projects with dynamic on-chain mechanics.

A standout aspect of Elysium is its growing ecosystem of integrated tools, such as:

In addition to its robust technology, Elysium is central to the larger Vulcan Forged vision of a unified digital universe. It underpins diverse applications, including Vulcan’s NFT marketplaces, upcoming CEX and multi-game metaverse.

With an emphasis on accessibility, innovation and real-world use cases, Elysium is positioning itself as the core infrastructure for the mission Vulcan Forged has to merge gaming, blockchain and digital ownership into one immersive ecosystem.

In order to lower barriers to entry through enhanced user experience, Elysium offers three protocols that work together seamlessly to benefit web3 individuals and businesses. These protocols simplify the process of converting tokens, while offering fee delegation and allowing users to utilize any token in their wallets when transacting.

Vulcan Forged has created a comprehensive ecosystem to enhance web3 user experiences. Apart from the Elysium blockchain discussed above, other key components of the Vulcan Forged ecosystem are as follows.

Vulcan Studios is a gaming development platform designed to facilitate the creation, development and playing of PC and mobile games. In the revamped Vulcan Forged road map, these studios’ DeFi games are undergoing various enhancements to improve user experience.

Some of the notable games produced by Vulcan Studios include 

Vulcan Verse, Vulcan Runner, Berserk, Vulcan’s Creed

​MetaScapes is an innovative metaverse-as-a-service (MaaS) platform that empowers users to create and customize their own digital realms. Offering four distinct worlds — Fantasy, Cartoon, Urban and Futuristic — MetaScapes provides a versatile environment for creativity and exploration. Its users can personalize their avatars, design unique landscapes and even monetize their creations through in-world economies. 

With features like VR compatibility and AI assistance, MetaScapes aims to deliver an immersive and user-friendly experience, bridging the gap between imagination and digital reality.

The Vulcan Forged platform is powered by a dual token economy that consists of PYR and ELY tokens, each one playing a distinct role on the platform.

PYR is the primary token of Vulcan Forged. Initially, PYR was powered by the Ethereum and Polygon blockchains, but it’s now primarily powered by the Elysium blockchain. PYR plays three major roles on the platform: gaming, settlement and 

. It has a total supply of 50,000,000 tokens, with a circulating supply of 23,897,700 (as of May 15, 2025).

The primary use cases of the PYR token are as follows:

The second token on Vulcan Forged is ELY, which was formerly known as LAVA. ELY is Elysium's native and gas token. It also features many other uses, such as powering transactions and rewarding gameplay on Vulcan Forged games. You can earn ELY by participating in various games and accumulating XP points on the platform. Additionally, you can generate ELY tokens as rewards for holding PYR.

ELY’s total supply is 1 million tokens. Some uses of ELY include:

You can buy PYR on Bybit as the PYRUSDT Perpetual contract, with leverage of up to 12.5x. It's listed in Bybit's Innovation Zone, which gives you access to handpicked projects with a potential for high returns (also with higher fees and risk).

Vulcan Forged (PYR) crypto price prediction

As of May 15, 2025, PYR is priced at $1.34, 97.3% higher than its all-time high of $49.24 on Dec 1, 2021 and 51.8% higher than its all-time low of $0.88 on Apr 7, 2025.

Price prediction experts are cautiously bullish on PYR's future price. CoinCodex predicts that PYR 

 a maximum price of $1.49 in 2027 and increase to $4.43 in 2030. Meanwhile, DigitalCoinPrice is relatively more bullish on PYR, and expects that the token 

 a maximum price of $4.85 in 2027 and surge to $7.34 in 2030.

While these forecasts are bullish, they aren’t financial advice and they don’t guarantee the future price of PYR. We highly recommend that you 

 before you invest in Vulcan Forged or any other cryptocurrencies.

Vulcan Forged (PYR) is shaping the expanding universe of web3 gaming by merging cutting-edge technology with immersive player experiences. From its native Elysium blockchain to dynamic NFT ecosystems and the upcoming VulcanX decentralized exchange, the platform is setting new standards in decentralization, creativity and scalability.

Featuring a unified road map, tools like MetaScapes, NFT marketplaces, and Elysium Swap, Bridge and Scan, Vulcan Forged is building more than games — it’s forging a sustainable digital economy. As its ecosystem grows, PYR, its cross-platform utility token, remains at the heart of this transformation, empowering game developers, creators and players in the next era of decentralized entertainment. 

Intermediate

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Vulcan Forged (PYR): The expanding universe of web3 gaming and beyond

Discover MapleStory Universe, Nexon's blockchain-powered version of the iconic MMORPG game loved by over 250 million players. Learn more about the launch of MapleStory N on May 15, the NXPC token and how to trade NXPC on Bybit.

, a simple, 2D MMORPG that quickly became a cultural phenomenon. Its blocky characters and iconic town of Henesys were etched in the memories of over 250 million players who played the game worldwide. Now, Nexspace, an Abu Dhabi–based subsidiary of Nexon, is recreating this world on-chain with MapleStory Universe. 

At its core, MSU is a faithful recreation of 

s legacy. It revives the beloved characters, art styles and lore while simultaneously improving the game by integrating blockchain technology. Nexpace believes this integration will transform the franchise from a centralized ecosystem into a player-owned universe, creating a win-win scenario for both the original players and web3 natives. 

 IP is already an established success, with 250 million players and over $5 billion in revenue. MapleStory Universe aims to bring its enormous player base into MSU through various incentives, such as cross-platform progression and exclusive rewards for legacy users. 

Behind all of this development is Nexpace, the blockchain-focused subsidiary of Nexon established in 2023. Sun Young Hwang is the CEO of Nexpace and a leader at MapleStory Universe. With 15 years of experience at Nexon, Hwang brings a wealth of expertise and a clear vision for the ecosystem’s growth in the web3 space. 

As part of its mission to launch a gaming universe, Nexpace teams announced 

, the first standalone game of the MapleStory Universe. It’s a PC-based MMORPG with onchain item ownership. The game is set for a global launch on May 15, 2025, and is currently available for 

. According to BlockchainGamer.biz, the game was so popular that it 

 players can issue, trade and manage in-game 

. Post-launch, the community can collaborate on content development, influencing the game’s evolution through creator tools. 

, a blockchain tailored for gamers. Built on 

, it combines Nexon’s 20-plus years of anti-cheat expertise with 

’s tamperproof randomness (critical for fair loot boxes). Transactions are free, fast and invisible during gameplay. No crypto wallets are required upfront. For 

 veterans, this offers a smooth gateway into web3, and for crypto natives, it brings a beloved gaming franchise on-chain.

Blockchain's role in the MapleStory Universe

The Henesys blockchain plays a crucial role in MSU’s development and execution. It provides sub-second finality and support for thousands of 

 (TPS), ensuring gameplay remains fluid and uninterrupted.

On top of that, the use of blockchain also enables players to own and trade in-game assets as NFTs. These NFTs are designed to be interoperable across every game that’s built in the MapleStory Universe, providing increased utility and value for these digital assets.

The game’s economy also relies on the decentralized nature of blockchains to create an ever-changing world. It incentivizes creators to design unique planets, each with its own tailored gameplay and social experiences, and rewards them with NXPC tokens for their contributions. 

NXPC is the native utility token of MapleStory Universe, with a fixed supply of 1 billion. It functions as the reserve currency of the universe, and is used to link gameplay assets to the border ecosystem. 

The token’s initial distribution also reinforces its decentralized nature, as 80% of NXPC is reserved for contributor reward, with just 0.696% allocated for the team and 0.4% for advisors,

Additionally, the team and advisors allocations also have vesting requirements. The team token has a structured vesting schedule with a 9-month cliff, followed by quarterly unlocks over the next three years. For advisors, there’s a 12-month cliff, followed by milestone-based vesting. 

MSU’s franchise has generated $5 billion in revenue since 2003. The organization behind the game is focused on longevity, as opposed to a quick money grab. Crucially, blockchain technology has matured to an extent where it can deliver seamless gameplay, matching the smooth experience players expect from traditional platforms. 

 starting on May 15, 2025. From now through May 28, 10AM UTC, new and existing Bybit users can stand a chance to win from a prize pool of 9,000,000 NXPC by 

. Register for this event at Bybit Token Splash 

Beginner

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Nexpace (NXPC): MapleStory IP goes web3

The Ethereum Foundation has launched the Trillion Dollar Security Initiative, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. 

The S&P 500 edged up 0.1%, lifted by tech gains from Nvidia and AMD, despite broader sector losses. Gold dropped below $3,200 as easing US-China trade tensions and rising Treasury yields reduced safe-haven demand, despite softer inflation data. Traders await US PPI and retail sales for further cues. The Coindesk Indices, which tracks the broader crypto market, down 1.64%, with Bitcoin and Ether down 1.47% and 3.35%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ATH, which rose 15.2% after Aethir boosted conversions with its instant play decentralized cloud gaming solution.

Aethir (ATH), founded in 2021, is a decentralized GPU cloud platform that provides scalable computing power for Web3 applications like gaming, AI, and design, enabling businesses to run high-performance tasks without centralized infrastructure. 

 boosts gaming user acquisition by enabling instant play without downloads, reducing costs and improving conversion. In a case study with SuperScale, games using Aethir’s tech saw a 45% higher conversion rate, 93% higher ARPU, and 43% more users preferring instant play over downloads. By bypassing app store fees and offering seamless gameplay access, Aethir provides studios with a cost-effective, high-conversion alternative to traditional mobile gaming funnels.

Check out the latest prices, charts, and data of 

The Ethereum Foundation has launched the 

, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. The initiative will (1) map Ethereum’s security landscape, (2) execute key improvements across its stack—from wallet UX to consensus, and (3) improve communication around Ethereum's security standards. Led by EF’s Fredrik Svantes and Josh Stark, with support from security experts samczsun, Mehdi Zerouali, and Zach Obront, the initiative seeks broad ecosystem input to achieve a world where trillions in value can be securely held onchain.

Yesterday, BTC spot ETFs saw $86.6 million in net inflows, all from non-GBTC funds, while GBTC recorded no flow.

, rewarding whitelisted participants with 100 xpSPON for completing simple tasks like following on X and joining Discord. xpSPON will directly impact your future SPON airdrop allocation — the more you earn, the greater your rewards.

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Ethereum Foundation launches initiative to bring trillion-dollar security onchain

Diversification reduce reliance on any single market, ensuring stability during downturns. Here are the top 5 ways to diversify your portfolio.

Imagine watching the market crash while your portfolio stays steady — not because you predicted the dip, but because you built a strong defense against it. 

 is a time-tested financial safeguard in unpredictable markets. By balancing various assets, such as crypto, commodities, 

 and international stocks, investors can weather 

 and seize opportunities. So, how do you diversify effectively without overcomplicating things? This article explores the top expert strategies, and some common pitfalls to avoid.

 strategy that spreads investments across different asset classes, sectors or countries to reduce exposure to any single asset or risk. This approach aims to stabilize returns by cushioning the impact of market volatility on your overall portfolio.

Why is portfolio diversification important?

The age-old advice not to “put all your eggs in one basket” holds true when it comes to investing, and it’s a simple but powerful way to protect your wealth. Diversification helps safeguard your capital by spreading your investments across different assets so that when one underperforms, others may help offset the loss. This strategy is especially important for people nearing retirement, or for anyone who values financial stability.

By investing across various asset classes — such as stocks, bonds and real estate, as well as different industries and geographic regions — you build a portfolio that’s more resilient to economic ups and downs. But beyond just reducing risk, diversification often leads to better risk-adjusted returns and less day-to-day volatility, for an investment experience that’s less stressful overall. Moreover, because not all investments will dip at the same time, investors don’t continually have to monitor everything in their portfolios.

Diversification can also help guard against inflation, thanks to assets that tend to perform well when prices rise. At the same time, it opens the door to opportunities in growing markets, all while keeping your investment approach balanced and aligned with your long-term financial goals.

Top 5 tips for diversifying your portfolio

Here are five smart ways to diversify your investments and protect your future returns.

Tip 1: Spread investments across asset classes

Spreading your investments across different asset classes, such as stocks, bonds, real estate, cryptocurrencies and commodities, helps ensure your portfolio isn’t overly exposed to the risks of any single market segment. This makes your investments more resilient. Different assets often react differently to market conditions, so when one asset underperforms, others may perform better, balancing your overall returns (as well as your risks).

Assuming you invest solely in stocks, and the stock market declines, your entire portfolio may suffer. However, if you also hold bonds, which often perform well when stocks decline, any blow to your portfolio can be softened.​

Don’t just buy one type of stock or bond. Within each asset class, invest in a mix of sectors (such as technology, healthcare and energy), company sizes (large-cap, mid-cap and small-cap) and styles (growth, value and dividend). This approach further reduces the risk that poor performance in one area or industry will drag down your entire portfolio.

If you invest heavily in the technology sector and it experiences a downturn, your portfolio could suffer accordingly. Diversifying into other sectors like healthcare or consumer goods can help balance your investments’ performance.​

Tip 3: Low-cost index funds and ETFs for instant diversification

 (ETFs) offer a ready-made way to achieve diversification. They provide exposure to a broad range of assets or sectors, often at a lower cost than actively managed funds. This approach simplifies diversification, and can be more accessible for individual investors, especially beginners. It's an efficient way to diversify quickly and easily, as each fund typically holds dozens or even hundreds of underlying securities.

For instance, investing in an S&P 500 index fund gives you exposure to 500 large US companies, providing instant diversification across various industries.​

​Expanding your portfolio to include international assets can enhance diversification and provide exposure to growth opportunities beyond your home country. Investing globally can help mitigate risks associated with domestic economic downturns, as different regions may experience varying economic cycles.​

 their US counterparts in the first quarter of 2025. This outperformance was attributed to strong corporate earnings, increased defense and infrastructure spending in Europe, and the absence of direct US tariffs targeting European goods. Despite initial skepticism, European stocks rose by 10–12%, even as US markets declined somewhat, thus helping to stabilize global portfolio returns for investors with international diversification

However, investors must be mindful of currency exchange risks. Fluctuations in exchange rates can impact the value of international investments. For instance, if you invest in a European company and the euro depreciates against the US dollar, the value of your investment in dollar terms may decrease even if the company's performance remains strong.

Diversification isn’t a one-time task. Over time, some investments may grow faster than others, skewing your original allocation. Regularly reviewing and rebalancing your portfolio ensures it stays aligned with your 

 and investment goals, maintaining the benefits of diversification while improving long-term performance.

Let’s say your target allocation is 60% stocks and 40% bonds, but stocks perform well and grow to 70% of your portfolio. In this case, rebalancing would involve selling some stocks and buying bonds to return to your original allocation.​

Common portfolio diversification mistakes to avoid

Avoiding these common diversification mistakes can help you build a stronger, more resilient portfolio:

How to diversify your portfolio with Bybit

Bybit is a leading crypto exchange that offers a wide range of products designed to help you diversify across cryptocurrencies, traditional assets and innovative financial instruments. Following are some of the many products and services that Bybit offers.

Portfolio diversification is a key strategy for reducing risk by spreading investments across different asset classes, sectors and regions. Achieving this goal, however, requires a balanced and disciplined approach to ensure resilience and long-term growth. Bybit helps simplify this process with powerful tools like MT5 trading, Copy Trading and Structured Products. These tools allow investors to diversify their portfolios more effectively, providing access to diverse markets and strategies while also minimizing risk. 

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Top 5 tips to diversify your portfolio

Blockchain

DeFi

Komodo is a DeFi and blockchain platform that aims to enhance blockchain interoperability through its open-source technologies that help people build innovative blockchain products.

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The blockchain world is fast-paced and requires constant innovation to keep up with emerging trends. Komodo has been around since 2016 and still brings innovative products into the space.

From its atomic swap DEX, which facilitates swift autonomous cross-chain asset transfers, to its open-source technology supporting independent blockchain creation, Komodo has continued to build crypto products that empower users with freedom and independence.

Let’s take a deeper look at the Komodo ecosystem and how it’s pioneering freedom through

 is a community-oriented network designed to enhance blockchain interoperability in a decentralized nature by providing people with open-source technologies to build and use innovative blockchain products.

Its main aim is to be an all-inclusive platform for crypto users and developers, blockchain projects and technopreneurs to engage with blockchain in a free, open and accessible manner. Its ecosystem features a host of innovative features and products that are constantly evolving to meet the fast-paced demands of 

Komodo’s flagship product, AtomicDEX (now known as Komodo Wallet), popularized the 

 (DEX) that removed the risks associated with centralized exchanges.

Furthermore, its multi-chain architecture incorporates over 13 blockchain protocols, such as 

, which let you access and interact with your assets without the need to wrap them or use proxy tokens, making the whole process fast, private and secure. Additionally, Komodo’s use of Smart Chain technology facilitates independent blockchain creation, enabling easy 

Its recent rebranding to Komodo SDK unifies the brand as an all-in-one solution provider of noncustodial wallets, as well as a 

KMD is the native utility token of the Komodo platform, and is powered by a delayed Proof of Work (dPoW) consensus mechanism that keeps the platform safe from 

Komodo began in 2014. Its founder, James “jl777” Lee, was then still working as a core developer on another project. Lee was among the first to identify the need for decentralized trading, and formulated various projects toward this objective.

The token itself, KMD, started as a fork of 

 blockchain code and was termed BitcoinDark (BTCD). As such, it was considered a privacy coin that implemented 

 and other Zcash parameters. However, when James joined Komodo in 2016, he decided to switch its focus, embracing open-source technologies to help independent blockchains launch. The BitcoinDark privacy coin project was changed to the development of KMD in line with Komodo's new focus.

In September 2016, the Komodo blockchain officially debuted with the mining of the KMD genesis block, and an ICO was held a month later. During this period, Komodo also launched its innovative dPoW consensus mechanism, which protects blockchains in its network from 51% attacks. In February 2019, KMD dropped its 

 technology to ensure the platform fully complies with global regulations. 

Since its inception, Komodo has been constantly innovating and building to ensure its users can take advantage of recent developments. The launch of Komodo 3.0 (Komodo SDK) in July 2023 aligns with this vision, as the unified brand incorporates the Komodo DeFi Framework, Komodo Wallet suite and the Komodo Core protocol

The mechanics of Komodo’s ecosystem are designed to enhance interoperability and security for all users. From the outset, the team was keen on building a truly decentralized platform that would unlock the limitless power of blockchain technology. Based on this vision, Komodo has implemented the innovative structure described in detail below.

The Background Behind Komodo’s Delayed Proof of Work (dPoW)

Security of transactions on a blockchain is critical since the whole process is based on trust, with no central authority to govern the process. As such, a 

 is necessary to securely track and digitally confirm value ownership.

, is said to have invented an innovative way to achieve this via the 

 (PoW) consensus mechanism. Through the complex but valid nature of PoW, blockchains such as Bitcoin and 

 have remained some of the most secure and dominant platforms in the crypto space.

However, despite the dominant benefits of PoW, networks that use the consensus mechanism encounter some challenges. PoW networks are expensive in terms of the equipment needed to mine crypto coins, and are environmentally harmful because they mostly rely on electricity to operate. In short, the PoW model is unsustainable and unreliable, since all the power lies with the miners who are free to move to other profitable networks.

The most popular alternative to PoW is the 

 (PoS) consensus mechanism, which incentivizes participants to verify transactions and secure the network by staking their tokens. Although eco-friendlier and inexpensive, it’s considered less secure due to its exposure to malicious participants who may stake a majority of tokens to become a monopoly over the network and declare false transactions valid.

Enter Komodo. To counter the challenges above, Komodo employs a unique consensus mechanism known as 

Delayed Proof of Work (dPoW), which is powered by a collection of code known as Iguana Core

 technology. dPoW involves a notarization process that creates backups of transactions done on the Komodo network in a separate PoW network (currently on Litecoin).

Such a structure prevents the success of any malicious attack, since the backups on the separate PoW network can overwrite and overrule any unauthorized changes.

Furthermore, independent blockchains on Komodo known as Smart Chains are secured using dPoW, which makes it hard for an attacker to compromise records as backups exist on Smart Chains, the Komodo main chain and on the separate PoW network. As such, Komodo’s dPoW mechanism provides a security level presumably greater than that of Bitcoin in a flexible and eco-friendly manner.

At the heart of the novel dPoW system are notary nodes that are responsible for transferring the history of transactions done on the Komodo network. These are Komodo's version of miners, who ensure a blockchain network remains efficient and cost-effective. As such, notary nodes receive financial incentives of approximately 50 KMD daily for their services.

They also gain from the economic incentive of periodically mining in “easy difficulty” mode, allowing them to mine as if they were the only ones on the network (as compared to the rest of the miners, who operate on a calculated difficulty level).

 are designed for blockchain entrepreneurs who can build and operate their own blockchain away from the Komodo main chain. Komodo Smart Chains are based on 

 modules, which provide developers with the functionalities of Komodo's design, such as atomic swaps and multi-chain syncing. Moreover, these capabilities are secured by Bitcoin's 

. By default, Komodo's highly secure dPoW consensus mechanism is inherent in all Komodo Smart Chains.

While Antara’s modules are built into the Smart Chains, the Smart Chains are highly customizable and developers can opt to program new models. For instance, a blockchain developer can create a hybrid blockchain combining PoS and PoW consensus mechanisms. It's also possible to split a busy blockchain into multiple other chains, or develop a privacy-enabled Smart Chain for private currency transfers.

The Komodo blockchain is highly scalable. Each Smart Chain can accommodate thousands of transactions per minute, making the combined Komodo ecosystem capable of supporting millions of transactions per minute.

For the Komodo main chain, users need KMD to transact, but can earn 0.01% annual rewards by holding at least 10 KMD coins. Meanwhile, end users of the Antara Smart Chain only need the currency developed by the chain, without having to worry about the unpredictability of the larger ecosystem.

You can create a Smart Chain through Komodo’s DeFi Framework and release your project through an 

 (IDO). By releasing a product through an IDO powered by Komodo, the blockchain entrepreneur ensures that the process is decentralized, without the risks of malicious attacks or human errors, which are common with the 

In July 2023, Komodo welcomed a new era through a brand unification process that seeks to make the platform well-positioned to provide users with an even more decentralized experience. The process involved renaming some of its key features to signify the new look.

Based on these efforts, Komodo's current technology suite is now known as Komodo SDK, which includes the Komodo DeFi Framework, Komodo Wallet, Komodo core protocol and the KMD coin.

To target more blockchain developers and reflect the brand’s multi-faceted, developer-friendly ecosystem, Komodo’s AtomicDEX API has rebranded to Komodo DeFi Framework. The feature consists of two APIs — DEX API and Wallet API. The two allow the easy building of 

 (DApps) to cater to the unique needs of DeFi, such as cross-protocol DEXs and noncustodial crypto wallets.

At the backbone of this framework is the use of 

. Basically, atomic swap technology allows the automatic transfer of assets anonymously without letting go of control of them until both parties are fully satisfied with the transaction. Better yet, the process is quick, secure and private, and doesn’t require the intervention of a third party.

When building a DEX, developing the code is complex and time-consuming. However, a developer needs only to plug into Komodo’s DeFi Framework DEX API to quickly build an innovative, secure and user-friendly DEX. Developers can also leverage the Wallet API to create a noncustodial web3 wallet compatible with thousands of cryptocurrencies.

As the switch to decentralized exchanges continues to pick up momentum, Komodo has rebranded its flagship product, AtomicDEX, to Komodo Wallet to make it an all-in-one app for your decentralized trading needs.

The 3-in-1 app comprises a noncustodial wallet, cross-chain DEX and crypto bridge. Installing the multi-chain Komodo Wallet on your desktop or mobile phone allows you to swap tokens, interact with over 500 cryptocurrencies and bridge to supported blockchains, such as 

KMD is the utility currency that powers the Komodo ecosystem. Currently, it’s used to reward active participants of the Komodo ecosystem with an APR of 0.01% on the KMD holdings in their wallets. It’s also used to incentivize notary nodes to power the dPoW consensus mechanism.

Komodo crypto has a total supply of 200 million tokens, with a current circulating supply of 138,728,909 tokens. However, the platform is working on revising KMD tokenomics to make the supply more 

, which will in turn create value for KMD. To achieve this goal, Komodo has proposed a two-part strategy to curtail KMD creation by over 90%: 

1) Lower the APR for rewards to active users from 5.1% to 0.01% (already approved) 

2) Reduce the KMD block rewards for notary nodes from 3 KMD to 1 KMD (set for mid-2024).

As part of its transition from a privacy-focused coin to an open-source blockchain project, Komodo has remained in a constant state of evolution to meet the ever-changing and diverse needs of the cryptocurrency market. Komodo’s contribution to crypto cannot be overlooked, particularly in popularizing the groundbreaking atomic swap decentralized trading technology through AtomicDEX.

Recently, the Komodo team has been working on a series of changes designed to cater even more effectively to web3 demands. Based on their 2023 road map, Komodo is on track to achieve most of its milestones.

The project has undergone a brand unification process to incorporate more features into its platform, geared toward streamlining its broad vision of providing users with a fully decentralized crypto experience. There's a growing demand for decentralized exchanges (

), and Komodo has the tools needed to facilitate this expansion.

 conditions, Komodo's recent wins include integrating with 

, open-sourcing its DeFi Framework and adding support for the 

. Furthermore, the ongoing revision of Komodo's tokenomics will help reduce its supply, increasing KMD's price and value over time.

Based on this continuing progress, Komodo is a good investment for someone with a long-term mindset on the true power of DeFi and blockchain. 

However, this suggestion isn't financial advice, and we highly recommend you 

Komodo is actively working to improve interoperability between blockchains and to open users to the immense power of blockchain technology. The Komodo DeFi Framework will fuel the overall growth of the DeFi industry by helping individual DeFi projects launch their own blockchains. In particular, Komodo Smart Chains empower the creation of fully customizable, independent blockchains that will enhance user adoption.

As a project, Komodo is on the right track to achieve full decentralization and scalability, making it a project that could become a critical pillar to crypto, especially in the DeFi niche.

Komodo (KMD): Pioneering Blockchain Innovation for Freedom

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Komodo (KMD): Pioneering Blockchain Innovation for Freedom

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Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards