Some investors might view the declining popularity of Decentraland and The Sandbox as a sign of things to come for the metaverse. The more experienced investors are able to recognise it for what it really is - survival of the fittest in an unforgiving market. As the Decentraland vs. The Sandbox battle continues while both ships sink, everyone is asking - what’s next?
Opportunity comes from persistence and vision, and while these coins are perhaps failing to meet their original objectives, the smart money is waking up to the fact that the only place Web3 gaming is headed is upward. Some projects have to fail as a matter of course, but the real future of crypto gaming lies in utility. Hence, we’re looking at a new project which is gaining a lot of traction lately - Metacade.
In this article, we explore why, even as the number of active blockchain games soars to over 400, the title fight in this space seems to have always been Decentraland vs. The Sandbox - especially when newer, more novel approaches such as Metacade are appearing. Read on to find out.
What is Metacade?
At its core, Metacade intends to become the Web3's first community arcade - a dedicated, virtual space built purely for gamers and crypto fanatics. It’s being designed for them to connect and share their interests, skills, and ideas - as well as play exclusive P2E (Play-to-Earn) games available nowhere else in the metaverse.
From winning massive prizes or gaining access to the most advanced GameFi alpha, to giving game developers the opportunity to fund their latest gaming ideas, even fueling new careers for the next generation - Metacade looks set to bring a truly diverse range of experiences into the metaverse gaming sector.
Metacade is in the process of building out from its robust, transparent development roadmap - providing key updates to both the community and token holders as progress continues. By Q4 of 2024, Metacade intends to hand over key roles and responsibilities to the community and holders of its native MCADE token.
Why Metacade is the best investment
Recent news of Decentraland and The Sandbox's disastrous daily-active-user count (less than 40 per day for Decentraland) reveal that the platforms, and accordingly their coins, simply don't satisfy the needs of their current or potential user base. Their issues can clearly be traced to a failure to provide any real diversity across their platforms, combined with a lack of vision for future expansion.
Metacade, on the other hand, is looking to deliver where the Decentraland vs. The Sandbox saga has clearly shown the weakness of both platforms. In focusing itself as a development hub - the virtual arcade is providing options for immediate, diversified experiences to its community.
Rather than investing in a single project or game which could be hit or miss, Metacade has the benefit of being the hub for multiple projects and therefore will be better diversified at it's core. It’s similar to investing in Disney or Netflix, rather than a single film. Or investing in Sony, rather than a single game.
No matter whether members want to simply hang out with like-minded people, or prefer to take a more active role across its play-to-earn crypto arcade, Metacade is shaping up to be able to handle both the capacity and the expansion of its audience.
The MCADE utility token has already launched for presale, and as investor chatter continues to increase in this up-and-coming coin, it's fair to say its value could easily see great prospects when it officially launches in Q1 of 2023.
How does Metacade work?
By creating a Web3 hub for developers and gamers to meet and collaborate, Metacade is setting out to build a truly unique ecosystem to capture a wide range of users within the crypto gaming sphere.
While gamers can focus primarily on gaming if they want, they will also have the option to interact directly with developers, collaborating and possibly finding opportunities for beta-testing new games.
Developers can also compete with each other to earn coveted Metagrants - a type of financing awarded to the devs with the best game ideas. These Metagrants are awarded through a system of community voting - thereby giving users significant input on the outcome of new games. Such tight integration offers something truly unique, and we predict a resolutely loyal fanbase to be the result.
As with other projects, staking of the MCADE utility token will also be possible - allowing users to gain a share of future project revenues, as well as passively earn income from helping process transactions across the platform’s network.
Is cryptocurrency a long-term investment?
Cryptocurrency has, for the most part, proven to be a profitable asset over the years. However, whether or not a particular cryptocurrency can reliably prove itself to be a good long-term investment remains up for debate.
Some investors flatly believe it to be too volatile and risky to be considered a reliable asset. From experience, others clearly see it as an opportunity to make huge gains over time. And of course, some investors have always had a very difficult time accepting any intrinsic value for a cryptocurrency.
It is the intrinsic value of an investment where, ultimately, the decision should rest - whether you decide to put your faith into it or not. Choosing between Metacade or another metaverse project will largely depend on your individual risk tolerance and financial goals.
It is definitely worth mentioning, however, that MCADE is one of the most promising emerging cryptocurrencies on the market, precisely because of the intrinsic value it is offering through its diverse utility cases across the platform.
What is the main difference between Metacade and Decentraland vs The Sandbox?
The main difference between Metacade and Decentraland vs The Sandbox is their focus: while Decentraland and The Sandbox are geared towards content creation within a single environment, Metacade is offering a community-led play-to-earn arcade and hangout hub that allows developers and gamers to support each other and work together on a wide range of projects.
If you're looking for a cutting-edge platform for building and monetizing games, then Metacade is almost certainly the project for you. It’s a remarkably innovative crypto platform that looks to offer exciting opportunities for developers and gamers alike, and we recommend you watch it very carefully as it develops.
You can participate in the Metacade pre-sale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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