Online gaming has taken the world by storm in the past few years, with multiple massive organizations pouring billions in the industry. This has made gaming a lot more than just a hobby, providing a particularly lucrative and viable career path for numerous young and aspiring people.
That said, online gaming has also been touted as one of blockchain’s primary and go-to applications. Now, with heavyweights such as Meta (formerly: Facebook) jumping on the Metaverse train as of last year, the industry has received its fair share of recognition.
The new online gaming platform Metacade is growing quickly at the beginning of 2023, and not without a good set of reasons.
What is Metacade?
Metacade is a rapidly-growing name in the world of online gaming. Its blockchain-based virtual gaming arcade brings together video game enthusiasts in one place, where they can experience the best play-to-earn (P2E) titles as they mix with like-minded people. The platform’s exciting plans look set to revolutionize the landscape for crypto gaming, all while providing a blueprint for the GameFi industry’s future.
Metacade’s P2E mechanics provide the primary appeal to GameFi fans, attracting the casual gamer who wants to take on their friends in 1v1 duels and the seasoned online tournament gamer.
Yet, there’s plenty on offer for those wishing to dig deeper into the world of crypto and metaverse gaming, with additional earning streams to be explored in this vast and multi-layered online gaming platform.
For instance, gamers can participate in the platform’s Compete2Earn program, whereby they can stake the native MCADE token to enter online tournaments, and regular prize draws for the chance to win a share of seriously lucrative prize pools.
Other earning streams include Create2Earn, which incentivizes posting social content on the platform, writing game reviews, and sharing gaming tips on how to get ahead. The pioneering Work2Earn scheme looks set to become the standard bearer on driving the entire crypto gaming industry forward over the next few years, and Metacade has plans in place to add a jobs board in the second half of 2024.
How Does it Work?
Metacade is fuelled by the MCADE coin, which is used for all on-platform transactions and to power the project’s development.
MCADE is generated through several internal and external sources, with some funding being provided by its community through token staking and accessing pay-to-play titles, with the rest coming from external channels. These include advertising on the hub, charging other gaming companies to release games via the platform’s unique launchpad tool, and from Q1 2024, hosting Web3 job vacancies on the platform’s jobs board.
The jobs board will give the MCADE community access to paid work opportunities thanks to the Work2Earn scheme. It will host gig work, paid beta testing roles, and, eventually, provide access to some of the best and most exciting job opportunities in Web3 development.
The MCADE community is at the heart of Metacade’s plans as more control will be rolled out to members over time, with the platform aiming to become a fully-fledged DAO by Q4 of 2024. By this time, community members are expected to fill all critical positions in Metacade’s organization, and the wider membership granted full voting rights on governance and plans.
Metacade: Driving Innovation in Crypto Gaming
What makes Metacade’s roadmap exciting in the P2E crypto gaming industry is its Metagrants initiative, launching in Q3 2023. It’s aimed at encouraging the development of new P2E games exclusively for Metacade from talent within their community. One of the many beneficial by-products for the wider GameFi industry will be the impetus to push the sector forward and access to some of the best and brightest Web3 talent derived from such a system.
Designed to promote and incentivize game developers to create exciting new titles, Metagrants are awarded to the most popular ideas submitted via the system. Being determined by a community vote, funding will be distributed to the winning developers, providing them with the tools to turn ideas into tangible, community-endorsed P2E games.
While the benefits to Metacade and its community of the Metagrants scheme is crystal clear, less obvious but equally valuable are the benefits available to the broader crypto-gaming community. Developers will be driven to find new and innovative ways of utilizing Web3 technology for P2E gaming. This will increase the quality of new games hitting Metacade and should inspire other GameFi companies to keep pace with Metacade.
MCADE: Fueling the Future of GameFi
Metacade’s presale event recently launched and has quickly caught the imagination of crypto investors, who have flocked in their thousands to take advantage of low-priced MCADE tokens. After launching at $0.008 during the beta presale, MCADE is now priced at $0.014 currently, and $6.3m has already been invested in the project.
For more details and how to participate in the presale, take a look at the official site.