One of the latest tokens to hit the metaverse scene is within a play to earn gaming project called Metacade. It’s a platform that aims to be the leading hub for everything Web3, by putting the community first at its core.
Social media circles have been speculating that it could become one of the best new platforms coming into the metaverse in late 2022, and in this article, we’re going to dive into why it could also be a great early investment opportunity for crypto enthusiasts.
What is Play2Earn?
First of all, what is Play2Earn, and why should you care? A Play2Earn (or P2E) game is one that lets players earn in-game assets that can be sold for real-world money. A game like Axie Infinity, for example, allows players to acquire Axies, which they then battle with to win Smooth Love Potion (SLP) – a cryptocurrency that can be exchanged for hard cash.
Play2Earn games can replace working full-time for skilled players in less-developed countries like the Philippines, and the industry is expected to grow at a compounded annual growth rate (CAGR) of 20.4% between 2022 and 2028, according to Absolute Reports. This expected growth represents fantastic opportunities to boost or even replace traditional working income. New metaverse projects like Metacade plan to capitalise on this expansion of the Web3 economy.
What is Metacade?
Metacade is a virtual hangout for everything Play2Earn. The team behind Metacade aims to build a platform that will see like-minded gamers, developers, and crypto fanatics linking up to create a fun, dynamic, self-sustaining community.
Part of what makes Metacade so unique is the community reward aspect. Users are to be paid with Metacade’s new utility token, MCADE, for sharing reviews, GameFi alpha, and participating in developer feedback programs.
Traditionally, the value generated by users when they help build the overarching P2E community usually only benefits the platform and its shareholders. Metacade intends to disrupt this model by instead putting the value back directly into the pockets of those who help develop this.
Why Could Metacade Be the Next Big New Platform?
Community is everything to Metacade. They plan to have leaderboards, reviews, and chat rooms where players can share their thoughts on the latest Play2Earn titles and help others get the most out of blockchain gaming.
Everything Play2Earn in One Arena
The decentralized nature of Web3 can make it a little tricky to find a platform with everything in one place. Metacade plans to have different areas, like Chat, Play, Learn, Work, and Grants, so users no longer need to switch between multiple websites to find what they’re looking for.
A player might search for a new Play2Earn title to play, before heading over to Learn to find tips on how to maximise their income playing the game. They could then flick over to Work to look for a game testing position, before logging off for the night – all without leaving the Metacade platform.
Funding the Latest Titles With Metagrants
Metagrants are one of Metacade’s innovative ideas that could shake up the blockchain gaming industry in a very novel way. By allowing the platform’s users to vote on projects they’d like to see developed, the winning development teams receive grants to help build their vision. Metacade has plans to build its virtual arcade kitted out with titles built and tested by the community.
Find Web3 Earning Opportunities
Metacade also intends to be the primary destination for finding work in Web3. As part of their revenue generation model, developers will pay to post opportunities for the Metacade community. Jobs can range from testing a game for eight hours a week to kickstarting a career in one of blockchain gaming’s titans. We’ve yet to discover an all-inclusive platform which also helps its users find work in this context.
Is Metacade the Hottest New Metaverse Project?
Metacade has been causing a stir amongst metaverse enthusiasts, who speculate it may become the next significant platform through 2022 and 2023. Combining a community-first philosophy alongside their ideas to disrupt the gaming industry could drive Metacade to great heights in years to come.
You can participate in the Metacade pre-sale here.