The Metaverse is looking increasingly well positioned to become a major player in the tech world for years to come. As more and more companies are joining in, it looks like wide-scale adoption is just over the horizon. This means that now is the best time to look for those projects that still have a lot of room to grow. Two projects in particular that can drive this forward are Decentraland (MANA) and Metacade (MCADE). In terms of price forecasting, the big question is – which has the most potential? This article will cover the characteristics of each project and examine which offer the greatest opportunity for returns.
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What is Decentraland (MANA)?
Decentraland is a DAO (Decentralized Autonomous Organization) that creates, maintains and governs a virtual world. The platform’s native token, MANA, is an ERC20 token that is used to purchase land in the metaverse and to be part of governance votes. Harnessing the power of decentralized communities, Decentraland is part of the foundation upon which the future of the GameFi industry can be built. In it, anyone can freely build 3D worlds while exploring, browsing and sharing their creation. The Decentraland platform consists of two main elements. The Decentraland SDK is used to build experiences based on the metaverse, and the Decentraland client is used to view and interact with these experiences. Decentraland’s platform allows users to create, experience, and monetize content and applications. There are many ways to enjoy Decentraland in the metaverse and the vast array of digital creations that can be made. Users can build their own sections of the VR landscape, and monetize artwork and other assets by creating them as NFTs. By making the game creation process more accessible, Decentraland is expanding the scope of play-to-earn games.
Decentraland: A great land but losing popularity
One downside to Decentraland is its current struggle to attract large-scale users, which has spanned the past 12 months. A recent report indicates that there are less than 1000 active users buying and selling MANA tokens. So, while the platform offers unique functionality and has great potential, it is currently performing well below expectations. Experts view metaverse-based projects as excellent long-term investments because of the utility being offered in these digital landscapes. They are advancing technologies that bring people together from all corners of the world. One metaverse project that is enjoying a different level of success is Metacade, which has already shown great potential for the coming years. While Decentraland’s MANA coin has been disappointing for many crypto investors during 2022, Metacade’s MCADE has become an attractive alternative for many.
What is Metacade (MCADE)?
Metacade is a comprehensive Play-to-Earn gaming platform, which is building the biggest arcade on blockchain. Metacade offers a range of arcade-style games on a platform that integrates gaming with profit opportunities. In addition to this, Metacade hosts Play-To-Earn tournaments, where players can add a competitive element to their experience. By connecting GameFi enthusiasts on the platform and offering MCADE tokens as rewards for winners, Metacade offers competitive gamers new ways to enjoy some of the best Play-to-Earn games out there.
A strong focus on building a community
In addition to being the reference arcade for P2E games, Metacade is also a platform focused on users. For example, MCADE tokens will be used to reward community members for their contributions to the Metacade universe. Users can help other gamers discover the best ways to play the latest GameFi titles, and Metacade will provide financial rewards for them. Simply put: users will be able to profit by participating in the community. This includes sharing their knowledge of the latest games while building new relationships with other gamers. As a project that is completely focused on its community, Metacade will become a DAO and allow players to vote on governance proposals using MCADE tokens. This hands more power back to the players as they decide the best courses of action for many key resources in a digital world that will be fully controlled by MCADE token holders.
Supporting the Future of GameFi
A key feature is that DAO members will be able to influence the Metagrants program. Metagrants will be used to fund the next wave of innovative GameFis, as the community will be able to vote on a number of investment requests and decide which projects seem to be the best. In that sense, the Metacade community will have a direct influence on the future of Play-to-Earn games. Metacade will also include a Web3 job board from 2024 onwards. This section of the metaverse world will connect new Metacade games with a community of dedicated gamers. The goal is to let the Metacade community try out these titles and provide feedback to the development team in exchange for rewards in MCADE tokens.
Decentraland vs Metacade
Metaverse projects are certainly looking like a solid bet for the future, especially as the utility of these crypto assets is extensive. With Metacade still in an early stage of development, it stands to reason that it has much more potential for growth than Decentraland. As far as Decentraland is concerned, the MANA coin has seen great growth in face value in the past. Between 2020 and 2021, the price of MANA rose by almost 10,000%. Since then, however, the project has seen a major loss of audience, and investors are fearful that it may never again reach the same highs it did in 2021. So, if growth returns, it’s unlikely to be the same former levels. In contrast to this, Metacade has just started pre-selling its token, and its only possible trajectory is upwards. With so much value on the horizon, investors have been jumping into MCADE, and already seeing excellent gains, after the token was initially launched for just $0.008. At such an early stage, Metacade can even rise to levels similar to Decentraland’s 10,000% before the next bull run begins. Looking at everything clearly, the choice between MCADE and MANA is clear. The Metacade token appears to have a much brighter future ahead of it.
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