The future of the gaming industry is in GameFi, and there are some top spaces in the GameFi market that look poised to lead the way. As one of the first big metaverse spaces, Decentraland (MANA) has given us a glimpse of what metaverse gaming can be. But as the Metaverse expands, there are some new spaces that can build on that to reach the next level of metaverse gaming. Platforms like Metacade (MCADE) are filling in that role.
GameFi as the Future
Right now, the gaming industry is shattering records, as it only becomes more popular. As GameFi shifts the way video games are played, the winner of all that success is going to be metaverse gaming. With GameFi, users get all the fun of playing a game AND an opportunity to earn money while doing it. That’s right, there are video games that actually pay you to play. It’s a model known as Play to Earn, or P2E and it combines the cryptocurrency blockchain and gaming in a way that lets you earn real financial gains. As metaverse games keep growing in popularity, they’ll only draw in more people, paying off GameFi investments.
The OG – Decentraland (MANA)
Decentraland is one of the first metaverse games to hit the GameFi market, and one that offers a great window into just how successful metaverse gaming can be. Created as a virtual world builder, Decentraland offers players a chance to purchase a digital plot of land that they can then build on in any way they like. Just like real plots of land, building up these virtual plots raised their price, and users can take advantage of that by renting or selling their land plots for Decentraland’s crypto token, MANA.
As Decentraland became more popular and new users flocked to it, the value of the MANA token rose, allowing holders of the token to make some real money. At its height, the MANA token was valued at over $5. Given its original price listing at less than one cent, this was a monumental shift. Unfortunately, the combination of the recent crypto crash and the exorbitant prices of Decentraland’s plots of land have tanked its value. Although it was a flash-in-the-pan success, Decentraland serves as a window into just how profitable the GameFi universe can be.
What is Metacade (MCADE)?
Metacade is a new metaverse space that looking to take the popularity of GameFi to the next level. Unlike other projects, Metacade offers multiple games for players to enjoy. And for those with a focus on P2E gaming, Metacade has plenty of ways to earn with its MCADE token.
One of the major failures of Decentraland was that it was a single game. So when its popularity waned, its value went down with it. Metacade is not a single game, but rather a digital arcade that’s slated to host numerous games. That means that when the popularity of one game goes down, there are plenty of other titles to keep gamers happy and interested.
Not only will Metacade host a variety of P2E games, it will also allow users to shape the actual GameFi industry. Metacade users will vote on which developers receive grants to make their ideas into reality, and will be able to communicate in real time with developers and other gamers to discuss what they want in a game. In this way, Metacade will be at the forefront of the online gaming universe, crafting the new generation of metaverse games.
And unlike Decentraland users, Metacade users will also be able to earn MCADE tokens in ways beyond playing. These include writing game reviews, posting top alpha games, and testing games while they’re in development. They can also enter competitions and prize raffles, making Metacade a community of gamers, game enthusiasts, and game developers, rather than a single game. With this model, Metacade looks to become the top space for all things GameFi for now, and for the future.
The Success of Metacade (MCADE) vs Decentraland (MANA)
The early success of Decentraland shows that there is a demand for unique GameFi opportunities, and its downward swing shows that singular games are dependent on their popularity and market trends. Because it will be an entire community with a variety of games that are regularly updated, Metacade won’t be dependent on a single game’s popularity. Hosting a variety of games and ways to earn outside of gaming, it will attract both hardcore and casual gamers, as well as investors.
Its broad focus makes Metacade and its MCADE token a unique space within the metaverse, and should contribute to both short and long term success. Unlike a single game like Decentraland, the games of Metacade will be constantly rolling over, and users will be continually involved in the next generation of online games. This makes Metacade an opportunity with huge potential for profit, one that should only grow as its community expands. As Decentraland struggles to regain its once enormous value, Metacade should be a far better investment, and with a presale just underway, comes at a much lower price than Decentraland. The Decentraland sun was once bright, but the future of Metacade looks much brighter.
You can participate in the Metacade pre-sale here.