Research by Crypto.com projects enormous growth in the GameFi industry over the next few years, eventually growing to 10 times the size of traditional gaming by 2025. This presents a considerable opportunity for GameFi crypto platforms to reap rich dividends as they jostle for position to take the lead in a growth industry with their appeal to the gaming community.
Gaming community investors are flocking to support the new GameFi crypto project Metacade. The community-led platform is looking to reward early investors as it looks set to play a transformative role in the GameFi crypto sector.
The stratospheric growth of GameFi
The GameFi industry began to take flight during the COVID-19 pandemic as lockdown conditions kept everyone at home. As people looked to online gaming to provide them with entertainment opportunities, those at the start of the GameFi movement stood to benefit from their novel play-to-earn (P2E) mechanisms.
As lockdown conditions across the globe began to ease, GameFi adoption among the gaming community continued to grow to the point where it now looks set to eclipse more traditional gaming methods within the next couple of years.
Although still a new industry, particularly compared to console and PC gaming, GameFi’s unique capabilities and rich potential to offer gamers rewards outstrip the offering of standard gaming platforms. This has led to the GameFi industry ballooning from nothing to a multi-billion dollar industry in just a few years.
What is Metacade?
The GameFi sector is an increasingly competitive market. However, a new virtual arcade platform, Metacade, is ideally placed to become a market leader in the P2E crypto gaming sector. It aims to become the world’s first community-led metaverse arcade, offering a vast array of classic arcade titles alongside the best in Web3 games with outstanding P2E mechanics.
As well as offering the gaming community an unrivaled selection of gaming titles, Metacade plans to place the users at the front and center of the platform. Positioning itself as the “by gamers, for gamers” platform, users are incentivized to contribute to creating the biggest and most interactive metaverse gaming community hub. Each time they post social content to the hub, whether in the guise of a game review or piece of alpha, they stand to earn crypto rewards.
This forms part of Metacade’s innovative Create2Earn scheme, just one of three additional earning sources that stand alongside the traditional and primary P2E engine.
What is MCADE and how does it work?
Metacade is fueled by the native MCADE token, powering all transactions and activity on the platform. Revenue will flow into the platform’s multi-signature wallet from external and internal sources as part of Metacade’s self-sufficient ecosystem.
The community of MCADE token holders can contribute through staking tokens to enter into online tournaments and prize draws. In addition, users can experience one of the many pay-to-play titles, just as they would in a real-world video arcade, with the proceeds being fed into the Metacade ecosystem.
Meanwhile, external funding will come from the sale of advertising space on the hub. There will be opportunities for Web3 companies to advertise work vacancies from Q1 2024, as part of the platform’s Work2Earn feature, and further fees for external companies that release their games on Metacade.
Metacade: Driving the GameFi crypto revolution
Metacade’s pioneering Metagrants program is one of the many features that make Metacade unique in the GameFi crypto space. As well as driving innovation in Web3 development, the scheme is at the center of the platform’s community-minded ethos.
Designed to promote the creation of new P2E titles exclusive to Metacade, developers can submit ideas for consideration by the gaming community for new games. Each submission is voted on as part of a regularly occurring pool, with the most popular ideas gaining crypto funding – a Metagrant – to support their endeavors.
Metacade benefits from the regular release of exciting new games that help to evolve the platform. Indeed, these voting rights form a crucial part of Metacade’s devolution of power from the project team to its community, as part of the transition toward becoming a complete DAO by Q4 2024.
Meanwhile, the wider Web3 community benefits from access to the biggest innovators in the industry, fresh from gaining development experience in a real-life crypto environment.
Can MCADE reach $5 in 2025?
The rich potential offered by Metacade’s roadmap is apparent, and these exciting plans have drawn investors to its presale in their droves. This excitement, combined with the overall projected growth in the GameFi crypto sector, has led analysts to suggest that $1 is achievable this year.
This could continue in the coming years, with expected bull market conditions in 2024 and 2025, which could push MCADE beyond the $5 barrier.
MCADE: The gaming community for gamers, by gamers
If any further illustration of MCADE’s potential is required, the speed at which the presale has been selling out since its release at $0.008 has been astonishing. After selling over $5 million worth of tokens in the first 10 weeks of its presale, the total investment in the project has reached the eye-watering sum of $7.2m.
With investors flocking to buy MCADE at an ever-increasing rate, analysts are predicting a surge in demand and an increase in the price of MCADE tokens when it hits the exchanges. The current price of $0.014 represents a must-buy opportunity for investors before the presale sells out.
You can participate in the Metacade presale here.