Decentraland (MANA) was an early entrant to the Web3.0 virtual universe on the blockchain. The project was gaining traction in 2020 and when the market for NFTs and digital assets soared in 2021, Decentraland saw its value rocket higher. As the market goes through a recent bear market, investors are now looking for other projects that can be metaverse leaders. Metacade has jumped onto that list and the project has just launched a presale of its MCADE utility token.
What is Metacade?
Metacade is creating a Web3.0 hub for developers and gamers to meet and collaborate. The project is setting out to build the world’s first community-led play-to-earn arcade on the path to being a leading Game-Fi destination. Metacade’s aim is to attract a thriving community of casual and serious gamers to its platform.
Developers will be immersed in the roadmap and there will be MetaGrants handed out to the best game ideas. Gamers will also have a chance to play their part in testing and reviews of games before they are accepted. All of this will be backed up by governance votes from staking the MCADE token, which will also allow users a share of future project revenues.
What are the underlying features of Decentraland?
Decentraland proudly states that you can “create, explore, and trade in the first-ever virtual world owned by its users.” Decentraland’s MANA token trades on exchanges and can be used to swap for LAND tokens. Those land tokens are the utility token used within the game to buy up virtual land. Once that land is purchased, users can put almost anything there. Holders of virtual land have hosted games, created casinos, and aligned with other landowners to create neighbourhoods with a common goal.
The metaverse is a huge opportunity and will be used for all sorts of social events. Record labels and recording artists have shown interest in virtual concerts and some of those have already taken place on a small scale. The underlying goal is a community-owned platform for creating new things in the metaverse.
Metacade follows the Decentraland model
Metacade is on the same path as Decentraland with a community-led project dedicated to building in the Metaverse. The project is seeking to create a metaverse arcade that can attract the most ardent of game developers and play-to-earn gamers. In the future, virtual worlds will compete with each other to have the most traffic in order to monetize the platform and increase land and token prices.
That is the beauty of the Metacade project because it will be a virtual arcade with a host of P2E games. Once the arcade is built, Metacade will be able to purchase land on the most popular virtual worlds and attract a big gaming collective. That creates a feedback loop where more users equal better rewards and that then creates a larger following.
Why else should you be considering Metacade?
The first reason to get involved in Metacade is the unique arcade idea and a chance to host a range of P2E games under one roof. Blockchain games have tended to focus only on one theme, which can be tiresome for gamers. The MCADE token can give investors access to exclusive prize draws as well as to tournaments.
Conclusion
Decentraland was an early entrant to the metaverse and Web3 gaming is expected to be a hot sector of cryptocurrency and the competition is growing. The metaverse is still in its early stages and the recent bear market in cryptocurrency has slowed the adoption of projects like Decentraland. That means new projects have a great opportunity to catch up and Metacade is well-positioned for a successful metaverse future. Decentraland and Metacade are very similar to community-owned building projects. In the future, Metacade does not even have to unseat Decentraland. It can merely buy land and host its arcade where a large user base is already hanging out.
You can participate in the Metacade pre-sale here.