Velhalla (SCAR) is the emerging Metaverse adjoined with the NFT crypto game Velhalla. As mentioned in the whitepaper, in the game, the players can create dungeons, gain cryptos, and gather NFTs. The ultimate goal of Velhalla is to develop a secure, user-driven, and decentralized environment. Velhalla claims to provide speed, entertainment, and profits to the P2E gamers’ demands in the future. Velhalla is creating a futuristic virtual real estate metaverse where individuals can seek to transact digital assets, NFTs, gaming characters, etc., more efficiently than ever before.
Velhalla seeks to promote the play-to-earn initiative, availing individuals to earn while having fun activities. Velhalla is also seeking to help individuals by aiming to do rapid transactions with minimal charges. The primary charge for a transaction ranges from nearly $0.00001.
The native token of the Velhalla is 'SCAR.' The SCAR is built through VRC20 technical standards.These token's transactions are executed on secondary markets like PancakeSwap (BSC network) and WagyuSwap (The Velas network). PancakeSwap is a decentralized exchange (DEX) that allows traders to exchange BEP-20 tokens. According to the Velhalla whitepaper, Velhalla has supplied a total of 10 billion SCAR tokens in the circuit till now.
Velhalla operates on the self-developed blockchain technology named Velas chain. Velas chain is pooled with Solana codebase benefiting Velhalla to become the first compatible chain and EVM. Ethereum virtual machine is what defines the rules for computing a new valid state from block to block on Ethereum. Besides this, availing transactions with all other significant cryptocurrencies, Velhalla is a pillar of Vela's $100 million grant program, including recruitment, networking, marketing, grants, technical assistance, and research. Owing to such a facilitated and developing network, Velhalla's initiative to make earning fun is substantially impacting the cryptocurrency and NFT revolution.
Thus, with an increasing collection of traps, treasures, and maps, Velhalla players can enhance and evolve, thereby trading the commodities on the NFT marketplace via Velhalla's token SCAR.
