Metaverse gaming is now entering the mainstream. Game industry titans like Fortnite’s Epic Games, Roblox, and Nvidia have all made significant steps into the metaverse or are planning to soon. At the same time, blockchain gaming platforms like Axie Infinity and Metacade are expected to revolutionise the future of metaverse gaming.
Today, we’re going to examine both of these metaverse gaming crypto tokens, and why you should think about allocating some of your portfolio to metaverse gaming.
How Does Axie Infinity Work?
Axie Infinity is a metaverse game built on the Ethereum blockchain. Players collect, breed, and raise pets, known as Axies, that battle in turn-based duels similar to Pokemon. Each team is composed of three Axies, which have different traits to give them an edge in battle. These Axies can be bred to create new Axies with unique characteristics.
Axie Infinity uses two tokens, Smooth Love Potion (SLP) and Shards (AXS), to run its in-game economy. Players earn SLP for completing tasks and exploring the world, while AXS is used by the community as a governance token to decide on the future of this revolutionary metaverse game.
Non-fungible tokens (NFTs) are critical to Axie Infinity’s ecosystem. Axies are represented on the blockchain by their own NFT, which can be bought or sold on Axie Infinity’s marketplace. NFTs not only give provable ownership to players but the unique characteristics of each Axie can be bred into new NFTs, which in turn creates rare non-fungible monsters and drives scarcity in the Axie Infinity economy.
The Play2Earn model allows players to not only earn from breeding and selling Axies, but by simply interacting with the metaverse game world. Players can win SLP by battling to earn leaderboard rewards or might find AXS tokens on land they purchase through the Axie marketplace. As players compete and level up, the amount they win per battle increases, meaning that dedicated players can earn upwards of 300 SLP per day.
AXS, or Axie Infinity Shards, are used to foster a decentralised metaverse gaming platform. The token allows its holders to vote on governance decisions and can be staked to generate further income. But you don’t need to buy AXS to have your say. You can earn AXS in-game or through user-generated content initiatives.
What is Metacade?
Metacade is setting itself up to be at the forefront of metaverse gaming. It’s a decentralised virtual hangout for Play2Earn enthusiasts to meet, find the latest metaverse games, and discover how to boost their income from games like Axie Infinity.
Metacade also has grand visions for the future. Down the line, they plan to fund future metaverse games through Metagrants and develop a testing environment where developers pay the Metacade community to test new and groundbreaking games.
Why Will Metacade Revolutionise Metaverse Gaming in 2023?
Linking the Gaming and Developer Community
Traditional gaming typically sees developers increasingly disconnected from their loyal fanbase, which leads to disasters like Cyberpunk 2077 and Battlefield 2042. Metacade wants to bring the community and developers closer together once again to create incredible metaverse gaming experiences.
Metacade plans to feature a comprehensive review system, leaderboards, and a testing system that shows developers precisely what the community thinks of their game. Users are incentivised to test games and publish reviews by being rewarded with the MCADE token.
Earn More From Play2Earn
One of Metacade’s primary goals is to help everyone, no matter their background, make the most out of Play2Earn and metaverse gaming. Not only will there be in-depth guides on how to maximise your earning potential from the game’s most experienced players, but regular tournaments will see players competing to earn extra for games they already play.
As mentioned, users are also paid for writing reviews, testing, and producing content about the games they already love to play. This not only helps other newer players in their Play2Earn journey but rewards more experienced players for giving back to the community.
Grants For the Future of Web3
The launch of Metagrants could be a pivotal turning point for metaverse games. Metagrants will see developers battling it out in a competition to win funding for their game idea. Every idea is treated as equal, and the only thing developers need to win is to garner enough votes directly from the community itself. Eventually, this will lead to Metacade hosting a range of titles built and endorsed by the community in their own arcade.
Should I Buy Axie Infinity or Metacade?
Metaverse gaming is still relatively new, so determining which token will generate the most profit in years to come is anyone’s guess. With Axie Infinity’s player base already established, you might be leaning toward picking up some AXS tokens. However, as Metacade continues its march towards a community-driven platform, combined with a solid roadmap outlining its future expansion – we feel it’s strongly worth considering as a possibility for your portfolio.
As always, do your due diligence on both projects to determine if either is the best metaverse gaming crypto token for you. We wouldn’t be surprised if both projects end up taking off over the next few years.
You can buy Axie Infinity at eToro here.
You can participate in the Metacade pre-sale here.