The Sandbox, one of the world's leading exponents of metaverse projects, has begun to embrace the possibilities offered by AI technology. This increasing focus on GameFi projects has had a tremendous impact on The Sandbox price so far this year, while other crypto-gaming projects could also reap the benefits from the direction of The Sandbox’s embracing of AI technology.
One of those platforms is Metacade, a pioneering blockchain gaming project that looks set to enjoy a boost from its incredible presale performance, which sold out in double-quick time, raising $16.4 million before listing on leading exchange Uniswap, followed by a listing on popular exchange Bitmart during the same month, April. Early May is when we should see MEXC exchange joining that list.
How can AI Technology help the GameFi sector?
Many crypto platforms are recognizing the undoubted power of AI technology, particularly in combination with blockchain technology. The Sandbox is one of the first platforms to embrace the undeniable potential of AI in the GameFi sector by increasing the level of self-expression through Emotes and body movements while helping creators – particularly those using The Sandbox’s user-friendly and highly intuitive creator tools – bring ideas to “virtual” reality quicker.
In addition, The Sandbox believes that AI will help increase accessibility to the metaverse by allowing more users to embrace and explore virtual worlds and to have a more realistic and interactive user experience in metaverse gaming.
The Sandbox price prediction
The Sandbox price is currently trading at $0.70, more than 90% lower than its all-time high of $8.44. Although The Sandbox price has made ground early this year, nearly doubling in the first three and a bit months of the year, there is significant space for the price to grow in the coming months as The Sandbox builds on its intentions with AI.
Despite this exciting potential, The Sandbox price predictions for 2023 remain relatively sluggish, with experts forecasting that the price will likely hover around the $1 mark by the end of the year before doubling beyond $2 by the end of 2025.
What is Metacade?
Metacade is a new innovative project in the GameFi sector with grand designs to become the go-to destination for gaming enthusiasts. To achieve this aim, Metacade seeks to cater to the most extensive range of gaming experiences to expand its total addressable market (TAM) and grow the biggest, most comprehensive community of gaming fans anywhere in the metaverse space.
The platform’s primary selling point is the outstanding play-to-earn (P2E) capability that forms one part of the multi-faceted and rich comprehensive rewards system that outstrips those of most other GameFi platforms. For example, users are rewarded for helping to build a thriving community, with rewards available each time they post social content. These can be helping other members to find cool games with reviews, sharing alpha, and contributing to live chats and sub-forums.
This community-led ethos is at the heart of every part of Metacade’s master plan to push the boundaries of the GameFi sector, with users benefitting from the extensive utility built into the native MCADE coin. In addition, the platform’s devolution to a fully decentralized autonomous organization in 2024 will add governance rights to the utility and increase the appeal of this exciting project.
How does MCADE work?
The MCADE token powers the entire Metacade ecosystem, providing users with the wherewithal to access pay-to-play games, enter online tournaments, and buy merchandise while powering the platform’s excellent rewards system. In addition to its use as a medium of exchange, MCADE tokens can be staked, allowing users to earn passive income while contributing to the stability of the project’s growth.
While this already provides a compelling case for investors to get on board with purchasing MCADE tokens, there is even more to it with the exciting and pioneering Metagrants scheme. This initiative is designed to attract new developers to create unique titles exclusively for Metacade by allowing them to apply for crypto funding to support their ventures. Each idea goes into a pool that the MCADE community votes on, and the most popular ideas receive a crypto grant.
This forms part of the devolution of voting rights to the platform’s user community as part of the transition toward becoming a DAO while driving user retention to unprecedented levels and attracting swathes of new fans.
Can MCADE reach $0.50 in 2023?
Investor confidence in Metacade is exceptionally bullish, with the presale event selling out so quickly and the launch on the Uniswap exchange at $0.022, eclipsing the beta presale launch price of $0.008. In addition, Metacade has recently announced an exciting partnership with MetaStudio, a collaboration that will help the platform achieve its aims.
With a listing on Bitmart already on April 20, another imminent on MEXC in early May, and the project in its infancy, there is plenty of scope for MCADE to grow. With exciting feature rollouts to come, $0.50 seems achievable by the end of this year.
MCADE vs. The Sandbox. Which is the better investment?
The expanded possibilities available with The Sandbox, due to their AI innovation, aren’t reflected in The Sandbox price prediction for 2023. Although forecasters believe there are gains to be made this year, they are somewhat modest compared to other gaming projects, $0.99 - $1.10 will likely be the limit.
By contrast, the returns available from investing in MCADE this year are potentially 40 x as the coin lists on new exchanges and becomes exposed to a broader potential audience. This undoubtedly makes Metacade the investment opportunity of the year for anyone seeking impressive gains on their initial stakes.
You can find more information, including how to buy MCADE, here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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