Metacade (MCADE) Can Replicate the Success of The Sandbox (SAND)
Metacade (MCADE) is fast arriving on the rapidly growing play-to-earn gaming scene with some awesome timing. The platform brings with it a disruptive model and could become a leader in its field. Its focus is on a community filled with both developers and gamers contributing to the project’s direction. Metacade has all the tools in place required to replicate the success of its metaverse rival, The Sandbox (SAND).
Metacade is an early-stage project currently in its presale that incorporates all of the attractive aspects which saw investors piling into The Sandbox: community building, creativity, and advertising potential.
The project is bringing a unique idea to the world of blockchain gaming by implementing a multi-game, virtual arcade in the metaverse. This gaming hub will be driven by the community, with developers building the games their audience truly wants and in turn even tested and reviewed by the very same gamers.
All holders can use their MCADE tokens to vote on the direction of the platform and they can stake their tokens to be rewarded with more MCADE tokens. There will also be in-game utility from the token, enabling entry to prize draws and gaming tournaments – the winners of which could get cash prizes. Users can also earn MCADE through content creation, game testing, alpha sharing and tournaments.
While these features alone are enough to draw in a big gaming audience, in the future, Metacade plans to expand further to become a popular social hub for a wide audience to hang out and connect. This could attract advertisers and, in turn, bring another revenue stream to the platform.
The create-to-earn and play-to-earn models offer extremely strong incentives for the gaming community. Blockchain gaming has already proved to be an extremely successful and growing sector of crypto overall, making Metacade well-aligned to reap the benefits.
The Sandbox Has Already Seen its Early-Stage
The Sandbox is a metaverse project that offers a literal sandbox for metaverse builders. Users can purchase land and host a range of different live events, such as art galleries, music concerts, and a whole lot more.
The problem for investors of The Sandbox is that it already commands a $1 billion valuation. The project saw its coin price rocket when Facebook announced a rebrand to Meta Platforms, with the value of SAND property parcels soaring into millions of dollars. However, the path to full metaverse adoption may be a little slower than some expected and that means that SAND holders may have to wait a while to expand beyond the $1 billion project valuation.
Early mover advantage has already been realised by SAND but it may be better to look elsewhere for outsized metaverse project gains at this stage.
Metacade is primed for a similar early surge in its MCADE value and could well emulate the same valuation as The Sandbox as the metaverse concept continues to develop. Metacade is arriving at the perfect time to draw in an interested community, host a suite of attractive P2E games, and work on expanding the scope of the platform.
When true mass adoption comes to the metaverse, Metacade will be well-positioned to move onto a new plateau, with an established arcade presence that could attract a huge user base of casual and hardcore gamers seeking to hang out and get involved.
In a report on metaverse value, McKinsey said that large technology companies and investment firms had “already invested more than $120 billion in the metaverse in the first five months of 2022, more than double the $57 billion invested in all of 2021, a large part of it is driven by Microsoft’s planned acquisition of Activision for $69 billion.”
The corporate analysts added that this investor enthusiasm was being driven by technological advances, consumer-led brand marketing, and the early ascent of metaverse gaming. They noted that games had attracted millions of users to the metaverse in its early stages.
The Sandbox benefited from its early-mover status in the metaverse, but from here the progress will likely be slower as the metaverse takes longer than expected to develop.
Metacade provides the ideal solution for investors with a platform that can leverage the power of blockchain gaming before the metaverse fully develops. And when it does, MCADE could easily be rubbing shoulders with SAND as one of the blue-chip metaverse projects.
Corporate America is already betting big that the metaverse has all the tools to capture a strong user base and an attractive hub that advertisers will want to be a part of.
Metacade is currently in its presale right now. With 9 stages in total to the presale, the first round is offering an early bird deal of 125MCADE for only $1, but this won’t last forever. At each stage, the price goes up – with the final stage offering 50MCADE for $1 – so, early-stage investors should definitely look into it sooner than later.
You can participate in the Metacade pre-sale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.