Metacade (MCADE), a new P2E project competing with Axie Infinity (AXS)
The Play2Earn (P2E) revolution is here to stay. At least that’s what Absolute Reports says, which forecasts that the P2E market will reach a valuation of $2.8 billion by 2028, up from $776 million in 2021. Games like Axe Infinity have skyrocketed to incredible popularity, and now a new project called Metacade is trying to achieve mainstream success in the growing GameFi market.
In this article we will examine what made Axie Infinity so popular and why Metacade could soon overtake it as one of the most valuable P2E projects.
This is what awaits you in this article
Axie Infinity (AXS) offers multiple ways to make money while gambling
Axie Infinity (AXS) is a P2E game built upon the Ethereum Blockchain. It’s a Pokémon-style game where users collect and fight Axies. Axies are virtual monsters stored in the blockchain as NFTs are saved that players buy and sell on the Axie Infinity Marketplace to create winning teams. While these monsters may seem cute, their prices are anything but: Some Axies have been sold for as much as 369 ETH, was valued at over $800,000 in July 2021 when it was purchased.
The incentive to participate in and win these duels is the Smooth Love Potion (SLP) reward, which can be exchanged for real money. However, this is not the only way to make money by playing Axie Infinity. For example, axes can be bred to create new axes with unique traits and sold for profit.
Some players even rent out their Axies to other players in “scholarship programs”. These programs have helped gamers in low-income countries like the Philippines and Indonesia replace their regular wages during the coronavirus pandemic and demonstrated the potential for opening up P2E completely new revenue streams for players around the world.
What is Metacade (MCADE)?
Metacade is a community hub dedicated to that in the center of GameFi Industry. It’s a platform where anyone can sign up and connect with other gamers, crypto investors, and Web3 enthusiasts in a fun, vibrant community environment while immersing themselves in all that GameFi has to offer.
Ensuring this is Metacade’s core philosophy Everyone is able to get the most out of P2E, regardless of their resources or background. Part of that vision is to give gamers equal access to the latest P2E games, learn how to maximize their gaming income, and even have a say in the games they look forward to the most.
Metacade’s ultimate goal is to create the world’s first player-owned virtual arcade, responsible for creating some of the best P2E games out there. To achieve this goal, they are introducing many innovative features that are likely to significantly transform the gaming industry in the years to come.
Why could Metacade (MCADE) be a leader in P2E?
Web3’s ultimate P2E resource
As mentioned earlier, Metacade wants to level the playing field for anyone who starts gaming and earns more from P2E gaming. But how does that work in practice? Metacade is where you’ll find reviews, game breakdowns, and leading GameFi alpha posted by some of the industry’s most successful players open doors to anyone who wants to advance in P2E.
Reward the community
Of course, it would be naïve to expect experienced players to simply share their knowledge out of the goodness of their hearts. That’s one of the reasons GameFi can seem a little daunting for new players: there’s no real incentive for those with the expertise to make things easier for others. Metacade addresses this by providing these incentives with the MCADE token.
Every time someone posts a review, P2E alpha, or content that makes things easier for others, You will be rewarded. This means that you can use P2E even if you are a newbie Earn MCADE just for sharing your thoughts on a new game you played!
Producing community supported titles
One of the most important factors that could Pushing Metacade to dominate the P2E industry is the launch of Metagrants in 2023. Metagrants are a type of grant for game developers who win exclusive funding competitions. In these contests, developers post their game ideas for the community to vote on among dozens of others. The most popular is funded by the Treasury, with the option to test their game alongside their most devoted fans in Metacade’s native testing environment.
Be fully decentralized
Eventually, once Metacade achieves self-sustaining status, the core team will step down and let it be a decentralized autonomous organization (DAO). This will give leadership roles to the most prominent members of Metacade, while allowing any MCADE owner to vote on the future direction of the community. Key issues like new features, partnerships, tokenomics, treasury allocations and more will be decided by a community referendum. Fulfilling Metacade’s vision to become the world’s first player-owned virtual arcade.
Which is the Better Investment – Axie Infinity (AXS) or Metacade (MCADE)?
Axie Infinity was one of the first P2E games to go mainstream. It showed that P2E games could not only attract huge audiences (Axie Infinity had nearly 3 million players at its peakaccording to a press release from the developers), but that it had the potential Transforming lives around the world by creating a new type of revenue stream.
With this in mind, consider Metacade’s position in the GameFi market as a platform for P2E gaming. Think of it like Netflix: movies rise and fall in popularity all the time, with a select few reaching legendary status. but Would you rather invest in the film or the platform that shows these films??
In this scenario, Axie Infinity is like the movie; It’s incredibly well made, but there’s a chance it will fall out of favor as new games roll out. Meanwhile, like Netflix, Metacade is a platform for users to find and play these games that’s relatively unaffected by a single game’s performance.
While this analogy simplifies many things, the comparison is easy to see. And given that GameFi is expected to explode at 10x the rate of traditional games by 2025, according to a recent report from Crypto.com, you can expect Metacade’s user base to grow rapidly as more gamers join the gaming revolution. That’s why, Metacade represents a potentially unique opportunity to get on the ground floor of one of GameFi’s most promising projects.
You can buy Axie Infinity on eToro here.
You can participate in the Metacade presale here.
Source: Crypto News Deutsch