The performance of the world’s real economy undoubtedly impacts the global cryptocurrency markets, with Bitcoin (BTC), the largest crypto asset by market cap, proving to be an excellent indicator for the health of the crypto industry. Recent increases in inflation around the world, particularly in the US, have seen the value of Bitcoins rapidly decline during the second half of 2022 as the global economic crisis takes hold. While this is not good news for investors already into leading cryptocurrencies such as BTC, excellent investment opportunities in exciting new crypto projects continue to exist. One of the most exciting new crypto projects is Metacade, which has seen an enthusiastic increase during its pre-sale beta phase, raising $1 million USD in three weeks.
Table of Contents
What is Metacade?
Metacade is the world’s first virtual gaming arcade that uses Web3 and blockchain technologies to revolutionize the Metaverso GameFi industry. The platform will host a range of play-to-earn (P2E) games in the metaverse and will offer players the same level of fun and social interaction that they would have visiting a real arcade, but from the comfort of their sofas or gaming chairs. The P2E element of the community is one of the ways that community users can benefit from the platform. The other income sources initiatives are: Compete2Earn – earn by investing tokens in staking and earn rewards in championships Create2Earn – earn by interacting with the community and its members Work2Earn – earn by finding new roles on Web3 on the job board, which will be launched in Q1 In addition to profit opportunities, Metacade is the platform that allows budding developers to gain experience by supporting them to learn about game development, and has plans to become completely self-sufficient and a DAO by Q4 2024. .
How does Metacade work?
Unlike many other GameFi platforms, Metacade has offerings that extend beyond the P2E element. The platform’s native token is MCADE, and there are many ways that Metacade generates revenue. Metacade’s revenue generating features include a variety of pay-to-play games like players would expect to find in a real arcade. There is also advertising on the platform, entry fees for prize draws and competing in championships, and the launchpad initiative, which allows third-party companies to launch their games on Metacade for a fee. These revenue streams provide the funds that will flow into players’ wallets as rewards they can earn. The number of titles available on Metacade will continue to grow. This growth could be helped from Q3 2023 by the introduction of the Metagrants initiative. Metagrants is a funding source for game developers to create games on the platform. Developers submit game proposals to be voted on by MCADE token holders, who will determine the community’s favorite ideas. Winning developers will receive funding to help turn their proposals into reality. The first Metagrant-funded game will arrive in the Metacade library in Q1 2024. Other upcoming features include the introduction of a job board in Q1 2024 to drive the Work2Earn initiative. This board will feature a range of opportunities such as internships, temp jobs, and jobs in the GameFi industry with Metacade approved partners, offering anyone with a genuine interest in working on Web 3 a helping hand to get started. Meanwhile, Metacade will transition to become a DAO starting in Q2 2023, with the process estimated to take 18 months before community members take over all critical roles. This autonomy is one of Metacade’s guiding lights; it hands over control of the future direction of the platform to the most important members of the community.
Why can MCADE take off?
The extent of Metacade’s plans, which can be found in greater detail in their whitepaper, makes this an exciting prospect for investors hunting for new crypto projects. With many other GameFi developments focusing on a minimal range of options, it’s easy for them to become just a fad. What Metacade has to offer won’t fall into that trap. The range of games on offer will continue to grow, offering additional income opportunities, whether through competitions, playing games, or creating social content to engage with the community. Furthermore, the continual addition of new games means there is no risk of the platform becoming boring or stale, as it will continue to reinvent itself with the regular release of exciting new games. As a result, Metacade has pretty solid longevity. Furthermore, the community will ultimately have complete autonomy over how Metacade develops. Player interest will always be at the heart of platform development, unlike in more traditional games where developers have to balance this with providing a return for investors. These plans put Metacade at the forefront of the blockchain gaming revolution.
How to buy MCADE tokens
Metacade’s pre-sale beta sold out in less than four weeks, making this one of the hottest new crypto projects currently on pre-sale. The price will more than double when the ninth and final round of the pre-sale ends, bringing in a market value of $28 million. Participating in the Metacade project couldn’t be easier. Tokens can be purchased on the Metacade website by anyone with a connection-supported crypto wallet. You can buy MCADE with ETH (Ethereum) or USDT (Tether). First, connect your wallet to the Metacade website to access the DEX, then accept the option to buy MCADE with ETH or USDT.
Can you buy BTC on eToro on here.
You can participate in the Metacade pre-sale on here.