The metaverse is shaping up to be an absolute game-changer with more and more companies and users getting on board every day. It’s no wonder that Web3 and GameFi have garnered so much interest recently. It provides a more interactive environment for users – investors, developers, and players – to be rewarded for their participation and input.
As more and more people start getting into the metaverse, the field is getting crowded with new companies. While that happens, it’s hard to know which projects to give your attention to. It’s clear that Decentraland and Metacade are two top projects primed to capitalize on people’s interest.
Let’s examine Decentraland vs Metacade to see how they will fare and compare in 2023 and beyond.
Metacade Explored
Metacade (MCADE) is best described as an all-in-one gaming community for Web3. The project is striving to become well-established within the Web3 gaming industry as a one-stop hub gaming and P2E gaming in the Metaverse. Unlike other projects, Metacade isn’t focused on one game but will host a whole variety of games. As such it will have a much broader appeal and more stability than other Web3 projects.
One of Metacade’s main tenets is making a space where gamers are in control. In the Metacade space, users can play and build games. Metacade is designed to bring players and developers together, so they can create something new. Developers will propose new games to the community who will vote upon the proposals, then a Metagrant will be given to the winner to bring the game into reality.
MCADE’s native token will be used in platform governance. A treasury reserve will build the strength of the community and staking mechanisms will ensure that all participants are rewarded for their contributions. As such, Metacade is set to become a self-sustaining ecosystem for game development with inclusive financial rewards.
One reason why the MCADE token is one of the best out there is because of how it rewards users for engaging on the platform, testing games, and staking. What’s more, Metacade has a Work2Earn (W2E) program planned for 2024 which includes job listings for interns, grants, and more.
The Decentraland Metaverse Explored
Decentraland (MANA) is one of the most popular metaverses and also one of the first Web3 gaming projects. Decentraland is a virtual environment where users can purchase plots of land and build on them. You can even host mini games or events on your plot of land.
Though estimates vary, Decentraland has a value of $1.2 billion. In 2021, one company bought a plot of land in this Metaverse for $2.43 million. This is far more expensive than most plots of land in the real world!
In other words, while many might scoff at the idea of a metaverse, there is huge money being placed in these virtual environments. Decentraland is open-ended and is limited only by the creativity of users who own a given plot of land.
But despite the size and interest, Decentraland is lacking in many respects. It’s so open-ended that it lacks a clear use case that people don’t know what to do with it. As such, large segments are barren and unpopulated. Additionally, there is no real target audience, just virtual real estate companies buying virtual plots of land and hoping to turn a profit.
Decentraland has also been heavily criticized for its slow loading times and technical glitches, which are very frustrating to users. Modern customers do not tolerate slow loading speeds. And gamers especially have no tolerance for lags and delays.
Decentraland vs Metacade: Metaverse Comparison
When you step into the Metacade metaverse, it’ll be like what you experience at a real-world arcade. You can play single-player games or join up with other players to compete against one another. There will be play-to-earn opportunities, pay-to-play games, and tournaments.
With Decentraland, there are a lot of options, but you won’t know what to do. Most of the land is purchased by virtual real estate companies or marketers. Decentraland lacks the true utility that Metacade offers. In contrast, Metacade caters to a primed gaming audience who are interested in a specific area.
It is easier to navigate and designed for Web3 gamers with specific aims. It gives back to users via token staking, DAO governance, collaborative interaction tools, job boards, and more. So, in the competition of Decentraland vs Metacade, Metacade will likely come out on top.
Decentraland vs Metacade: Which Metaverse Token to Select in 2023?
All things considered, Metacade’s token MCADE seems to be a better option to select in 2023, because it can offer far more to its users at every stage of its roadmap.
Metacade is currently in its presale stage, meaning there could be more upside potential moving forward. Meanwhile, Decentraland has been marketed and promoted already, and could even potentially be overvalued through corporate investment.
In terms of Decentraland vs Metacade, both are great Metaverse tokens. But Metacade has a clear target market, early-stage momentum, and a generous rewards mechanism for users. That means that MCADE has nowhere to go but up.
These combined elements put it ahead of not just Decentraland, but many other metaverse tokens on the market.
You can participate in the Metacade pre-sale here.