Bitcoin (BTC) Price Slides as Inflation Rises

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Real-world economic performance undeniably impacts global cryptocurrency markets, with Bitcoin (BTC), the largest crypto asset by market capitalization, proving an excellent guide to the health of the crypto industry. . Recent increases in inflation around the world, but particularly in the United States, have seen the value of Bitcoin plummet in the second half of 2022 as the global economic crisis takes hold.

While this is not good news for existing investors in the world’s major cryptocurrencies, such as BTC, great opportunities to invest in exciting new crypto projects remain. One of the most attractive new crypto projects is Metacade, which saw enthusiastic adoption during its beta pre-sale phase, raising nearly $1 million in just three weeks.

What is the Metacade?

Metacade is the world’s first virtual gaming arcade that uses Web3 and blockchain technology to revolutionize the GameFi metaverse industry. The platform will host the widest range of play-to-earn (P2E) games in the metaverse and offer gamers the same level of fun and social interaction they would get from visiting an actual arcade in comfort. from their gaming chair or couch.

The P2E element of the community is one of the many ways community users benefit from the platform. Other revenue stream initiatives are:

Compete2Earn – earn by staking tokens and earn tournament rewards Create2Earn – earn by interacting with the community and its members Work2Earn – earn by finding a new Web3 role on the job board, which will be launched in the first quarter of 2024.

In addition to opportunities to earn, Metacade is a platform that empowers aspiring developers to earn their stripes by helping them learn game development and plans to become a fully-fledged, standalone DAO by Q4 2024. .

How Metacade Works

Unlike many GameFi platforms, Metacade has a diverse offering that extends beyond the P2E element. The platform’s native token is the MCADE coin, and there are several ways Metacade generates revenue.

Metacade’s revenue-generating features include a range of pay-to-play arcade games, just like gamers would expect to find in a real-world arcade. There is also advertising on the platform, registration fees for sweepstakes and to participate in tournaments, and the Launchpad initiative, which allows external companies to publish games in Metacade for a certain price. These revenue streams provide the funds that flow into players’ wallets as they earn rewards.

The number of titles available on Metacade will continue to grow. This growth will be supported from the third quarter of 2023 by the implementation of the Metagrants initiative. Metagrants are a source of funding for developers to create games on the platform. Developers submit game proposals for voting by MCADE token holders, who determine the community’s favorite ideas. Winning developers will receive funding to help bring their proposals to fruition. The first Metagrant-supported games arrived in the Metacade library in Q1 2024.

Other on-going features include the introduction of a Q1 2024 jobs board to boost the Work2Earn initiative. The board will offer a range of opportunities from internships, short-term gig work, and full-time GameFi industry roles with Metacade-approved partners, giving anyone with a genuine interest in working in Web3 development a helping hand to get started in the industry.

Meanwhile, Metacade’s transition to becoming a DAO begins in Q2 2023, with the process estimated to take 18 months before community members assume all critical roles. This autonomy is one of the flagships of Metacade; it hands over control of the future direction of the platform to the most important members of the community.

Why might MCADE increase?

The breadth of Metacade’s plans, further detailed in their whitepaper, makes it an exciting prospect for investors looking for new crypto projects. With many other GameFi developments focusing on a minimal range of options, it’s easy for them to become little more than a fad.

Metacade’s offer will not fall into this trap. The range of games on offer will continue to grow, providing additional opportunities to win, whether through competitions, playing games or creating social content to interact with the community. Plus, the continuous addition of new games means there’s no risk of the platform becoming boring or stale as it will continually reinvent itself with exciting new titles released on a regular basis. As a result, Metacade has solid project longevity.

In addition, the community will finally have complete autonomy over the development of Metacade. Player interests will forever be central to the development of the platform, unlike more traditional games, where developers must balance this with a return to shareholders.

These plans place Metacade at the forefront of the blockchain gaming revolution.

How to buy MCADE tokens

Metacade’s beta sale sold out in less than four weeks, making it one of the most attractive new crypto projects currently in the pre-sale phase. The price will more than double at the end of the ninth and final presale round, raising a total market cap of $28 million.

Getting on board with Metacade couldn’t be easier. Tokens can be purchased on the Metacade website by anyone with a crypto wallet supported by Wallet Connect.

You can buy MCADE with ETH (Ethereum) or USDT (Tether). First, connect your wallet to the Metacade website to access the DEX, then accept the option to buy MCADE with ETH or USDT.

You can buy BTC on eToro here.

You can participate in the Metacade presale here.

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