A growing number of gaming companies are using blockchain technology to build gaming apps, which is another sign of the metaverse industry’s continued growth. Metacade, which appears poised to soar in 2023, is among the most intriguing new projects.
What is Metacade?
Metacade is the first virtual gaming arcade in the metaverse industry. It provides players with a variety of games and money-making opportunities. The Metacade is where players can hang out informally with family and friends or take part in competitive tournaments with substantial rewards against more seasoned players.
Considering that the beta presale stage of Metacade raised nearly $1 million in its initial 3 weeks, there are early signs that the company will be at the forefront of cryptocurrency gaming in 2023.
The console’s multi-layered future is described in greater detail in Metacade’s white paper. It also has these features:
- The release of Metagrants in the third quarter of 2023.
- Job listing website as part of the Work2Earn initiative in the first quarter of 2024
- Change to a DAO in the second quarter of 2023
- Complete DAO governance by the fourth quarter of 2024
- Numerous sources of revenue
- Treasury wallet with multiple signatures
- Many ways for Metacade users to make money
How does Metacade work?
Community members are at the center of the Metacade platform. Metacade is unaffiliated with any venture capitalists or international gaming companies. Alternatively, all choices for the future of the community will be made by gamers, for gamers.
Users have a number of opportunities to earn rewards through Metacade. MCADE tokens are mainly earned by players via the platform’s P2E system. Additionally, Metacade provides Compete2Earn capabilities that award players points for winning games and competing in competitions. Even those users who stake their MCADE tokens receive rewards from Metacade.
Other ways to make money include their Create2Earn program, which rewards community members for making contributions to the platform and participating in social activities. Sharing alpha, writing game reviews, and educating other community members are all ways to earn these rewards. Through the Work2Earn venture, the jobs board will also give users opportunities to interact with the game and Web3 developers. This will help them discover their next job starting in Q1 2024.
Game developers will be encouraged by Metacade to create and publish games on the platform using Metagrants. In this system, game developers offer up their ideas for games, and Metacade users vote on which ones they think are the best. The development of winning game proposals by game designers will be supported with Metagrant funding.
The very first Metagrant will be given out in Q3 2023, and the first game it supports will debut in Q1 2024. By Q4 2024, Metacade hopes to be a complete DAO, with key duties and responsibilities being delegated to community members. The platform strives to evolve into a self-governing enterprise.
Investing in Metacade in 2023 might be a good idea
The MCADE presale might be the best choice if you’re trying to figure out where to put money in 2023. But regrettably, the window of opportunity for investors to purchase MCADE at the present price of $0.01 is closing.
The fact that Metacade appears to be the upcoming big thing in GameFi may cause its competitors, such as Decentraland (MANA) and Axie Infinity (AXS), to diminish in value with time. In light of this, the MCADE token appears to be vastly underpriced, making it unquestionably a wise choice for 2023.