Axie Infinity and Metacade: Trending Metaverse Projects for 2023
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Axie Infinity (AXS) and Metacade (MCADE) are two trending metaverse projects with an opportunity to make their mark in the metaverse. Although it’s still early days for wide metaverse adoption, it’s always a good idea to respect the early movers. Axie Infinity has a head start over Metacade but the latter brings a new concept to play to earn. In this article, we will dig deeper into both projects and how they can compete to be among the best metaverse projects.
What is Metacade?
Metacade is launching a new Web3 community that is built around a play to earn theme. The goal of the project is to create a community-led platform that offers something for casual gamers and serious P2E enthusiasts. Metacade will build its arcade further with grants for the best game ideas. Investors can vote on which games get funded by those grants staking MCADE tokens. Better still, those MCADE tokens will offer a share of project revenues.
Axie Infinity (AXS) is Down but Not Out
Axie Infinity (AXS) has already proved what is possible in the metaverse with the right P2E model. The project saw its token rise from cents per AXS coin to a high of $160 ahead of the cryptocurrency bear market. Since then, the coin has slumped to $12 after user numbers dropped with the coin price.
The reason for the rollercoaster price move was a surge in daily users going up to 2.7 million at the peak. The coins were worth so much that playing to earn and selling NFTs was big business. That daily user count has since dropped to 110k, but we can’t count the project out. Gamers will stick to what they know and a resurgence in AXS would bring them back again.
What makes Metacade unique?
Metacade is looking to bring the fun and social aspect of an arcade to the play to earn universe and that has the potential to attract a large number of gamers. Playing the same title every day gets tedious, but Metacade will have multiple games under one roof and all of them will provide the potential for rewards and cross-game opportunities
Metacade’s MCADE token can also be staked to earn a share of future revenues, so investors with a keen eye for gaming can better take advantage of a potential metaverse star. With the MCADE token, holders can vote on governance, making it a truly community-led gaming platform.
Why should you invest in Metacade?
The first reason to invest in Metacade is the unique idea of bringing a range of play to earn games under one umbrella. That will attract a broader range of users to the site. Some gamers may enjoy a short roleplaying adventure, but they may prefer different gaming themes. Metacade has the ability to draw in gamers from other areas of the blockchain and metaverse to hang out and collaborate at the arcade. As we saw with Axie, high users mean a strong token price and that creates a stampede to the platform. Axie has already jumped in price from its early days to the current price of $12 and investors should consider grabbing MCADE in the Q4 presale.
Fortune said of play to earn:
“The play to earn gaming economy represents the next iteration in the ever-evolving video game ecosystem. As discussed in a prior blog, P2E holds a lot of promise for both developers and gamers by providing ownership benefits to players, while potentially increasing engagement and broadening the pool of gamers.”
Axie Infinity showed last year that a hot play to earn game can make a project token explode higher and Metacade could offer that potential by hosting multiple games under one roof. It is still too early to know the best metaverse projects but the early start for Axie will ensure that its huge collection of NFTs retains some value in virtual lands. Metacade has the opportunity to attract a large number of gamers for fun, or for serious competition and these two projects should be ones to watch out for in 2023.
You can participate in the Metacade pre-sale here.