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Metacade Announced: A New Hyped Project in the Crypto Space Has Arrived
HomeNewsMetacade Announced: A New Hyped Project in the Crypto Space Has Arrived

Metacade Announced: A New Hyped Project in the Crypto Space Has Arrived

News Desk
News Desk
January 31st, 2023
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Every investor knows that hype contributes greatly to success in the crypto space. It’s what has driven coins with little tangible value, such as Dogecoin or Shiba Inu, to record highs over their lifetimes. Without hype, most projects in the crypto industry face an early death, with both holders and developers losing interest, as their grand vision of mass adoption slips away.

That’s why, when tokens start creating their own hype without significant marketing, you should pay attention. One of these tokens is Metacade. Let’s discover why.

What is Metacade?

Metacade is one of the latest metaverse projects to enter the crypto space. They plan to be a virtual arcade, where everyone with a passion for Play2Earn can meet, discover the next best titles, and earn money for their active roles in the future of GameFi. The team behind Metacade envisions a self-sustaining community at the forefront of Web3.

If you’re wondering why this is a significant step for the crypto industry, we can take a look at the numbers. Between 2023 and 2030, Web3 is expected to grow at a 44.6% compounded annual growth rate (CAGR), according to TechRepublic. A massive influx of investment and players in GameFi is projected to take place over the next few years, and Metacade is positioning itself ahead of the curve with deeply innovative ideas.

What is Metacade Trying to Solve?

Metacade aims to create a platform that combines everything Play2Earn and crypto enthusiasts need. A place where users can go to access the best GameFi alpha and find opportunities working directly while pursuing their interests. Using a tiled layout, Metacade is building unique areas, such as Chat, Play, Learn, Work, and Grants, offering value at every step. Currently, no platform exists as an all-in-one solution in the form Metacade envisions.

The Work and Grants areas are likely to be high on Metacade’s priority list, as right now, working in the gaming and crypto industry is fraught with issues, such as scams and a lack of centralised job boards. Metacade also plans to reward Metagrants, which will see developers who are voted for by the community winning funding directly from the platform, instead of typical venture-capital-backed studios directing developments in the Play2Earn space.

What’s Driving Metacade’s Popularity in the Crypto Space?

Connecting Gamers and Developers

Metacade is designed with the community first, and users will be able to easily link up with their friends to play together or go on a solo mission. But what makes Metacade unique is the connection between users and developers, which is rarely seen in real-world development, much less the crypto space.

There are plans for testing environments, review systems, and leaderboards to give developers direct feedback on what interests players, as well as what aspects of their projects need to be worked on as a priority. Users are incentivised to participate in giving feedback by being rewarded with Metacade’s utility token, the MCADE.

Rewarding Players For Giving Back to the Community

As mentioned, part of Metacade’s plan to be self-sustaining is the reward-revenue model that pays players to clearly voice their opinion on the latest Play2Earn games being developed in the crypto space. Developers pay for their games to be tested by the community, and this money goes directly into the pockets of those testing the games.

Even if developers aren’t directly interacting with the Metacade platform, users can still earn for reviewing games, sharing the best tips, and creating content about the GameFi space.

Funding the Next Wave of Play2Earn Titles

Metagrants will have developers battling it out for support of their ideas to win the top spot amongst the Metacade community. It’s kind of like Kickstarter, but with a twist. Instead of developers being thrown money to develop a game that only a minority want to see developed, only the best ideas will win funding, through a voting system on the platform.

This raises our hopes to see some incredible games coming out of Metacade, driven by the passion of its end-users, not solely for profit.

A Decentralised Autonomous Future

Down the line, Metacade plans to hand over control to the community, creating a truly decentralised autonomous organisation (DAO). A treasury will be built, and the Metacade community will vote for the allocation of funds by using their MCADE tokens.

Metacade will also use multi-sig wallets, a standard procedure in the crypto space, requiring two or more keyholders to sign off on treasury transactions to foster trust and mitigate any fraud. All of this should lead to a self-sustaining community with a secure economy moving forward.

Final take on Metacade

Metacade is taking strides to live up to its vision; with a clear roadmap and solid support, it could quickly soar to become a leader in the metaverse crypto space. This is definitely a project to look for in 2023.

You can participate in the Metacade pre-sale here.

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