Play to earn games continue to be one of the dominant cryptocurrency sectors since 2021, with gaming enthusiasts flocking to the blockchain. Axie Infinity has been one of the leaders of the p2e game trend, but now Metacade wants to shake the industry up with its new, multi-title community format. In this article, we will discuss the prospects of Metacade and how it is looking to make its impact on the play to earn games sector.
What is Metacade?
Metacade is a brand new project seeking to upend the world of blockchain games. Play to earn game titles like Axie Infinity are popular, with a large following on their platform, but they are focused on a single game. Metacade wants to bring an arcade theme to the play to earn space, with multiple titles and a setting where the community can meet and collaborate. The project also wants to be a foundation for the best p2e game developers, planning to offer rewards for the best titles.
The native token of the platform is $MCADE which investors can stake to earn a share of project rewards. This is a universal approach, in that it can also provide an income stream for enthusiasts outside of gaming. The platform will provide an outlet for casual p2e games, but it will also host regular tournaments for players with a more competitive streak. This, in turn, aims to bring in users from the likes of Axie Infinity. Gamers will be able to follow their progress with leaderboards and rankings.
How is Metacade different from Axie Infinity?
Axie Infinity has been a major hit and has grossed $4.25 billion in NFT sales, according to DappRadar. It was also reported that 20% of all NFT sales were driven by gaming in 2021.
The game had a first-mover advantage as players started moving to the blockchain to earn crypto rewards for their efforts. Their role-playing format was able to ride the initial wave of interest, which coincided with the bull market in NFTs. But nothing lasts forever, and now competition is heating up for p2e games like Axie. That is where Metacade has an advantage, as there will be multiple play to earn games across the platform, keeping gamers interacting long into the future.
How does Metacade work?
Metacade is seeking to create a platform that will tap into p2e gaming, but it also wants to grow with a c2e model, which is short for create2earn. The project will offer development grants to the best game ideas that could bring game developers onto the platform. Metacade sees itself as “the future of gaming and crypto” and wants to create a place for casual gamers and hardcore enthusiasts.
For players of other titles such as Axie Infinity, the Metacade format would allow opportunities to try out different play to earn games. They could find that their skill set, and their earnings improve when they try out other titles, which also leads to an overall more satisfying experience as new games come to the platform. In the future, the platform could also easily expand into a marketplace where users could spend their rewards. The important part is to attract a strong community of players and then monetize them while keeping them happy.
Is Metacade a good long-term investment?
Metacade is likely to provide a good long-term investment for investors because the bull run that we saw in p2e was possibly the start of many. Axie Infinity benefited from a bullish charge in NFTs, but the sector may move closer to the metaverse, Metacade aims to have multiple titles and the ability to adapt more quickly to changing trends in the crypto industry.
As the community grows, further developers will come online and seek to attract the user base across their play to earn game libraries, with larger earnings from their rewards. Once that happens, the pressure will be on Axie Infinity to keep up with the trends and maintain its user base. You can buy Axie Infinity (AXS) on eToro here.
You can participate in the Metacade pre-sale here.
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