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How Metaverse Crypto Project, Metacade (MCADE), is Different from Axie Infinity (AXS)

Alice Davies

With the recent release of Meta’s $1500 Quest Pro VR headset, it looks like the metaverse is here to stay. Metaverse crypto projects, like Axie Infinity, have garnered plenty of attention over the past year. While Axie Infinity’s performance has been questionable at best, a new metaverse project known as Metacade is launching that aims to shake up the GameFi industry.

In this article, we’ll explain the differences between Axie Infinity and Metacade and which one you should consider investing in sooner rather than later.

Axie Infinity (AXS) Has Fallen -94% Since November 2021

Axie Infinity is a metaverse crypto project that has been called the Play2Earn equivalent of Pokémon. Players use a team of virtual monsters, known as Axies, in turn-based battles to win Smooth Love Potion (SLP), the game’s native reward token. Unlike Pokémon, however, Axies hold real-world value as non-fungible tokens (NFTs). These Axies can be traded on Axie Infinity’s marketplace, where, according to NFT’s Street, some have fetched as much as $800k!

SLP isn’t the only token in the metaverse crypto project’s ecosystem; Axie Infinity Shards (AXS) is the game’s governance token and primary investment vehicle. However, players have been left disappointed after both tokens saw dramatic declines from their 2021 peaks. For players replacing their traditional income in less economically-developed countries, this drop has led to mass panic selling as players rushed to convert their SLP and AXS tokens into fiat

At the time of writing, AXS is down around -94% from its November 2021 peak. Meanwhile, SLP is down an eye-watering -99%, representing a significant loss in value for Axie Infinity’s players.

What is Metacade (MCADE)?

Metacade is one of the hottest metaverse crypto projects hitting the scene in 2022. Metacade is a virtual hangout for everything metaverse, Web3, and Play2Earn gaming. It’s a place where players go to discover games like Axie Infinity, learn how to earn more from them, and participate in the future of GameFi. In Metacade, you’ll be able to collaborate with fellow gamers, developers, and other crypto fanatics with a single goal in mind: to make the most out of the incredible potential GameFi has to offer.

At the heart of Metacade’s philosophy is acknowledging its users value at every step. This not only means being the number one repository for everything GameFi, but rewarding users for making the Metacade the number one metaverse crypto project on the web. But that’s just the start: Metacade is planning to put game development back into the hands of the gaming community and help gamers find work connected to their passion.

What Makes Metacade (MCADE) Unique?

Right now, the decentralised nature of Web3 means there’s a lack of centralised platforms to help the average gamer enter the world of GameFi. Some might argue that this is the whole point of decentralisation, but it comes with one key downside: giving players equal access is almost impossible, putting players off and ultimately hindering adoption. Metacade knows this, and that’s why they want to combine the best of both: being a decentralised platform that’s also the central destination to find everything you could want to know about GameFi.

Metacade will feature a comprehensive review system, leaderboards, and even areas to share the best GameFi alpha. To further incentivise users to share their expertise, Metacade is planning to reward them with the MCADE token every time they share something that makes the community a better place. Instead of wasting input on platforms that don’t give anything back, Metacade plans to let you be rewarded for the value you generate in the community.

One of Metacade’s most exciting features, however, is Metagrants. Metagrants are a way for the community to direct funding towards only the very best GameFi projects. To win a Metagrant, developers must first enter their projects into a competition alongside dozens, even hundreds, of competing ideas.

The community vote on their favourite, and the winner receives funding from the treasury to build their vision with the support of the Metacade collective. Once in beta, developers can use Metacade’s built-in testing environment to have the community try out their game before the official launch.

Of course, users will be rewarded for their role, in helping to make these games the best they can be before being added to Metacade’s virtual arcade. But that’s not the only way Metacade opens up avenues for players to boost their gaming income.

In 2024, Metacade plans to launch a job board that will allow its users to find work doing what they love, with roles ranging from casual testing opportunities with developers outside of the community, to senior positions with some of the leading metaverse crypto projects. 

Should You Invest in Axie Infinity (AXS) or Metacade (MCADE)?

While Axie Infinity has been praised for its ability to provide players in lower-income countries to replace traditional work, the volatile price of SLP and AXS described has led to a dramatic drop in player count. According to ABC News, Axie Infinity had 2.7 million players at its peak in April 2021; in late September, it had just 111,000.

Alongside SLP’s inflationary token mechanics and the infamous Ronin Bridge hack, which saw $650m stolen from the metaverse crypto project, it’s looking like the game could just be a flash in the pan. This could have been expected from a rapidly-growing industry that’s only a few years old, but that still doesn’t make AXS an attractive investment opportunity as one of the leading metaverse crypto projects.

Meanwhile, Metacade is relatively insulated against disasters like Axie Infinity. You can think of it like investing in the S&P 500; one of the 500 might fail, but the broader index sees much less volatility than the individual company’s stock price.

With this in mind, Metacade is the clear winner here. Its innovative plans, such as funding the next wave of the best Play2Earn titles, are just the cherry on top.

You can buy Axie Infinity at eToro here.

You can participate in the Metacade pre-sale here.

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