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Metacade Announced: Could This be the Best DeFi Project in 2023?

Alice Davies

Metacade is a brand-new project that is bringing an exciting Web3.0 community to the blockchain gaming industry. The project has just started its token presale and P2E gamers are already taking an interest. The last two years have seen gamers flock to the blockchain, and the market is waiting for the next big thing to arrive.

What is Metacade?

Metacade is a vibrant, up-and-coming ecosystem for gamers, developers, and entrepreneurs to meet and collaborate. Unlike other metaverse projects that are based on only one or two game titles, Metacade is slated to be an entire gaming hub. The project’s underlying goal is to build the world’s first community-led play to earn arcade on the road to becoming a leading GameFi destination.

The project is taking a new and innovative approach to gaming. Specifically, Game developers will be able to test game ideas and concepts in collaboration with their player-base. In fact, Developers will play a big part in this roadmap and there will be MetaGrants handed out to the best game ideas. Gamers will also be involved with the testing of the games before they are accepted, and all of this will happen with the MCADE token used as a governance tool for staking. Stakers of the token will also receive a share of project royalties, but it can also be used to enter prize draws and gaming tournaments.

What is Decentralised Finance (DeFi)?

Decentralised finance is the new wave of projects offering traditional financial products such as savings and loans via the blockchain. DeFi projects burst onto the mainstream in 2020 when they began offering large annual yields for investors staking their tokens on the project. For investors that provided an opportunity to keep their money out of the too-big-to-fail banks and support the development of projects. 

The bear market arrived and unfortunately coincided with aggressive rate hikes from the central banks. That reversed the flow of money into DeFi and meant that institutions would not take part. The rate hiking continues and looks to be slowing by the end of 2022, but the rates will remain high and mean a slow return for most DeFi projects, but not all.

Why is Metacade Different?

One of the big things that makes Metacade unique is its goal to be a large gaming hub. This makes it less susceptible to any big swings in a game’s popularity while creating a space for community-building.

Metacade wants to be a full-scale P2E GameFi project that will support the use of NFTs for game rewards and offer token staking. The development of the project could follow other games with a dedicated NFT marketplace, while some of the featured arcade games could launch their own NFT collections.

On the decentralised finance side, Metacade is offering investors a chance to play the part of a private equity investor. By staking tokens, investors can get a share of project royalties and also vote on governance issues as if they had an executive board seat. That is a more enticing prospect than earning a passive income on a deposit.

Why should you invest in Metacade?

The first reason to get involved in Metacade is the unique idea of bringing a range of P2E games onto a single platform. As the metaverse grows in popularity, an arcade with popular P2E games could be a hugely popular hangout for gamers. Blockchain games have tended to focus on one theme so an arcade can bring in a whole range of gamers. Casual gamers and competitive P2E stars will all find something to grab their attention. If the project finds the right mix of games, then MCADE can explode higher with a rise in daily users. With all signs pointing toward success, that’s why now’s the time to invest in Metacade.

Conclusion

The decentralised finance industry was stopped in its tracks by the aggressive interest rate hikes of central banks. Investors went elsewhere for annual yields on their deposits and 2023 is likely to be slow on DeFi flows. Metacade, however, offers something totally different from previous projects. 

Investors in MCADE can earn a share of revenues as the project develops and they can also be involved with development, testing, and votes. Playing the role of a private equity investor in a P2E gaming project could make Metacade the DeFi destination for investors in 2023.

You can participate in the Metacade pre-sale here.

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