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The metaverse is shaping up to be one of the most pivotal technological changes of the 21st century. While the industry is still in its infancy, getting in on the right metaverse projects could be like investing in Amazon or Google in the early days of the internet, returning life-changing gains for years to come.
This article will discuss two projects, Metacade and Axie Infinity, and why they could lead the metaverse in 2023 and beyond.
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What is Metacade (MCADE)?
Metacade is a community hub built for everything metaverse and play-to-earn gaming. It’s a platform where you can connect with fellow gamers and crypto investors, discover how to boost your income in the metaverse, and play your part in producing some of the best play-to-earn games.
Metacade’s vision is to create a fun, vibrant community environment where everyone is welcome, regardless of their gaming experience. That’s why you’ll find features like reviews, forums, real-time chat, leaderboards, and areas for exploring the hottest alpha posted by industry experts. Each of these features has been designed to make Metacade one of the most valuable Web3 gaming platforms out there.
What Makes Metacade (MCADE) a Metaverse Leader?
An All-in-One Solution
With the metaverse and play-to-earn industries evolving at a rapid pace, it can be tricky to get started. Metacade aims to provide everything you’ll need to get ahead in Web3 gaming by offering the ultimate repository for metaverse and play-to-earn knowledge. You’ll not only be able to find out which games are worth playing, but you can also learn how to make the most from play-to-earn gaming while strategising with like-minded players.
Community Rewards
While the premise sounds great in principle, it requires users to contribute to Metacade in the first place. To encourage players to share their thoughts and expertise, Metacade rewards everyone who posts reviews, tips, and other helpful content with the MCADE token. This means that veteran players have the incentive to share their experiences for the rest of the community to learn from. Even new players can earn MCADE by simply writing reviews about the latest games they’ve been playing.
Multiple Earning Opportunities
Rewards aren’t the only way to earn through Metacade, however. You can participate in prize draws and tournaments for your chance to win MCADE and other exciting prizes, as well as stake your MCADE for an additional stream of income! Most importantly, you might even find an opportunity to replace your traditional working income with Metacade.
In 2024, Metacade will launch its testing environment and a job board. The testing environment will enable users to become casual testers for Metacade’s developer community, earning MCADE as they go. On the job board, you’ll find exclusive gigs, internships, and full-time positions working with some of the most respected names in Web3.
Funding the Best Metaverse Games With Metagrants
One of the most hotly anticipated features of Metacade is the Metagrant. Metagrants are a way for the Metacade community to finance the developers building the games they want to play. To win funding, developers must first enter their projects into a Metagrant competition and earn the most votes for their idea. The winner is allocated funding from the Metacade treasury to get their vision off the ground while being supported by their game’s most avid fans.
Metacade’s goal is to play a vital role in producing the next wave of play-to-earn and metaverse titles. Instead of allowing venture-capital-backed game studios to dictate the direction of the Web3 gaming revolution, Metacade is putting the power back into the hands of the players and allowing them to decide what games they’ll be playing. Eventually, Metacade plans to fill its virtual arcade with dozens of community-backed titles for the whole world to play and enjoy.
Plans to Be Entirely Player-Owned
Once Metacade becomes a bubbling, self-sustaining community at the heart of metaverse and play-to-earn gaming, it’ll be time to hand over full control to the players by forming a decentralised autonomous organisation (DAO). At this point, the core Metacade team will step down and offer leadership positions to the community’s most valued members, allowing MCADE holders to vote on who they want to lead them into the future. From here, every key decision will be put to a vote for MCADE holders to determine.
To ensure community trust is maintained, multi-signature wallets will also be implemented. This means that any transactions made from the Metacade treasury will require two or more private signatures, drastically reducing the chances of community funds being misused.
What is Axie Infinity (AXS)?
Axie Infinity is a play-to-earn mobile game that has undoubtedly taken inspiration from Pokémon. Set in the mystical land of Lunacia, the game’s goal is to raise, battle, and trade cute monsters known as Axies, which are stored on the blockchain as NFTs. It runs on the Ronin chain, a blockchain designed explicitly by Sky Mavis, the creators of Axie Infinity, to achieve much faster speeds and lower fees than its former network, Ethereum.
Like Pokémon, players build up a team of three Axies to battle other players with for their chance to win Smooth Love Potion (SLP) and Axie Infinity Shards (AXS), two cryptocurrencies that can be traded for cash. Axies have an almost unlimited combination of characteristics, meaning that some are rarer than others. The rarest Axies can sell for hundreds of thousands of dollars!
What is Likely to Drive the Axie Infinity Future Growth?
Different Ways to Earn While Gaming
Axie Infinity offers quite a few different ways to earn while playing. Not only can you earn SLP by winning battles with other players, but you can also breed Axies to sell on for a profit. Those with a strong ability synergy can be considered much rarer and sell for much more than regular Axies. For example, a triple Mystic, known as Angel, sold for 300 ETH in November 2020 (OpenSea), or around $380k today!
Like other metaverse games, players can also choose to purchase land in Axie Infinity and rent it out to others for a steady return. Alternatively, players can choose to farm resources on their land, becoming a producer of key components needed to breed Axies. Prefer a simpler experience? You can still earn just by completing quests or battling against AI foes in Adventure Mode.
Potential to Replace Traditional Income Sources
As one of the world’s most successful metaverse projects, Axie Infinity garnered quite a bit of attention in 2021 for its ability to offer an alternative income stream for players in the Philipines and Indonesia. Despite their initial high investment, players were able to rent Axies from “scholarship programs” with no startup costs. They just had to agree to split their profits, usually in an 80/20, 70/30, or 60/40 split.
Given the high value of SLP and AXS at the time, players in these countries were earning between $30 and $50 per day for a few hours of work – which is pretty good, considering the Philipines’ minimum wage is around $5 to $10 per hour. This was vital for some players during the pandemic as many in-person jobs were unavailable, cutting many off from a regular source of income. Play-to-earn is a new model, but Axie Infinity proved that players across the globe could earn a living wage from home while having fun gaming.
The Lunacia SDK
Axie Infinity has cemented itself in GameFi history as one of the most popular play-to-earn games out there. At its peak, Axie Infinity had 2.7 million monthly players (Active Player) and now, Sky Mavis is preparing for the next wave of metaverse gamers. In the Axie Infinity whitepaper, it states that “we aim to gradually decentralize the game creation aspect of the Axie universe. It will be impossible for one team to build out all the content needed for Lunacia, especially if we reach hundreds of millions of users.”
To solve this issue, Sky Mavis is launching the Lunacia SDK. This software development kit allows users to use Axie Infinity art assets to create games and other experiences, which are then stored as NFTs. These NFTs can be placed on land inside Axie Infinity and clicked on to enter the experience inside.
This SDK is expected to launch before the end of 2022 and will open doors for creators to generate unique games and experiences for other Axie Infinity users to play. This seems like a smart move by Sky Mavis, as other user-generated metaverse projects, like The Sandbox and Decentraland, have attracted thousands of players looking for the freedom to build whatever they like.
Metacade (MCADE) Could Be One of the Best Metaverse Projects Out There
This article has explored two excellent projects today. Axie Infinity has been one of the most successful play-to-earn games to date, with an over $10 billion market at its peak in 2021 (CoinGecko). Its exclusive network, the Ronin chain, has the second-highest NFT volume of all time, according to Crypto Slam – an incredible achievement!
While player counts have declined since the crypto bear market, Axie Infinity will likely be seen as a metaverse pioneer for years to come. At the very least, we can expect Sky Mavis and Axie Infinity to continue setting the trend for the rest of the metaverse market.
Meanwhile, Metacade is filling a vital need by providing a community space for connecting over, learning about, and earning more from Web3 gaming. Its ideas around player ownership and community-driven funding are likely to attract plenty of gamers dissatisfied with the current state of the gaming industry and could quickly become the norm for metaverse gaming.
Community platforms are critical to gamers. Twitch and Discord quickly rose through the ranks to become household names in the gaming industry and Metacade could see the same epic rise. Combined with the fact that Metacade is still in presale, so it takes the lead over Axie Infinity as an exceptional investment opportunity.
If you think Metacade could become a leader of metaverse gaming, then it’d be wise to check out the presale sooner rather than later. That’s because the earlier you buy, the more MCADE you get! For example, if you invest in phase 1 of presale, you’ll get 125 MCADE for $1. If you invest in phase 9, you’ll get just 50 MCADE for that same $1. That means you could more than double your long-term earnings on Metacade if you’re quick. Take note: it could be your best metaverse investment yet.
You can participate in the Metacade pre-sale here.
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Image and article originally from invezz.com. Read the original article here.