Are Axie Infinity (AXS), Decentraland (MANA), and Metacade (MCADE) the Future of the Metaverse?
- Axie Infinity (AXS) opens up a world of possibility to replace traditional income sources
- Decentraland (MANA) is combining the best features of existing virtual worlds with player ownership
- Metacade is a hotly anticipated project destined to shake up the world of GameFi
The metaverse is undoubtedly the future. Or so it seems, with Bloomberg predicting that the metaverse may one day be worth $800 billion. When well-respected names like Bloomberg start making these statements, you know it’s time to sit up and listen. Axie Infinity, Decentraland, and Metacade are three projects that could make for spectacular investments in the future of metaverse gaming.
In this article, we’re going to explore whether you should consider investing in these three projects and which one has the most potential to offer significant gains.
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Axie Infinity (AXS) Is Creating an Alternative Source of Income
Axie Infinity (AXS) is a Play2Earn game built on the Ethereum blockchain. The premise is simple: users build a team of three Axies and battle against other players for a chance to win Smooth Love Potion (SLP), a cryptocurrency that can be exchanged for real cash. Axies are NFTs that can be bought and sold on the Axie Infinity Marketplace, with even the most basic of Axies regularly fetching hundreds of dollars.
What makes Axie Infinity so special is its ability to replace traditional working income for those in less economically developed countries. In 2021, Axie Infinity hit the headlines with news that players in the Philippines and Indonesia were renting Axies from other players to earn while the pandemic hindered their ability to work in the real world. This model represents an incredible opportunity for Play2Earn gaming to transform lives of ordinary people around the globe.
Decentraland (MANA) Is One of the World’s First Player Owned Virtual Worlds
Decentraland (MANA) is a 3D virtual world that is widely recognised as one of crypto’s most beloved metaverse projects. In Decentraland, users can built almost anything their heart desires, and already, its landscape is filled with skyscrapers, public transport systems, and nightclubs – just like an actual city. To begin building in Decentraland, you first need to own some of its virtual real estate, represented by the LAND NFT.
While other games, like Second Life, have been offering something similar for years, the difference with Decentraland is in its user ownership. Unlike Second Life, Decentraland isn’t owned by any one company. Instead, it’s owned and governed by the community. At no point can the developers come and take your LAND: it’s yours to keep until you, and only you, decide to sell it.
What is Metacade (MCADE) Doing to Revolutionise the Metaverse?
Metacade is a virtual hangout for the Play2Earn and metaverse gaming community to call home. Unlike Axie Infinity and Decentraland, it’s not an actual game you can play – it’s where you go to find these games. Metacade’s vision is to create a platform that acts as a portal into the world of Play2Earn and GameFi, allowing its users to discover, earn more from, and make their mark on the future of gaming.
At the core of Metacade’s philosophy is maximising user value at every step. That’s why they plan to be an all-in-one solution that helps anyone, regardless of background, find their feet in the metaverse. Inside Metacade’s platform, you’ll discover leaderboards, content, and reviews that make finding the best Play2Earn games a dream, alongside some of the very best GameFi alpha shared by industry experts.
But to encourage its users to share their knowledge with others, Metacade is rewarding each user that contributes to the community with the MCADE token. That’s right: each time you post a review, offer some tips, or produce content that helps others, you earn for sharing what you already know.
One of Metacade’s most ambitious goals is to actually fund the next wave of Play2Earn titles. In late 2023, Metacade plans to allocate its first Metagrant to one lucky developer, as decided by the Metacade community.
Each user will be given the opportunity to vote on the game they want to see developed amongst dozens of ideas put forward by Metacade’s developer community. Eventually, the finished title will be added to Metacade’s virtual arcade, which will one day be the largest collection of community-backed games the world has ever seen.
Like Decentraland, Metacade’s vision is to be entirely owned and governed by the players. Once Metacade fulfills its plan to be a self-sustaining community at the forefront of Web3, the core team will be handing over leadership positions to the platform’s most valued members. Its users will be given voting rights, allowing them to have their say on what features should be added, the rate of token supply restriction, partnerships, and more.
Metacade Will Be More Successful Than Axie Infinity and Decentraland – Here’s Why
It’s hard to pick winners in investing. According to CNBC, even Wall Street’s most acclaimed investors struggle to outperform indexes like the S&P 500. This scenario is analogous to Axie Infinity and Decentraland when compared to Metacade.
Axie Infinity and Decentraland are like the individual stocks; their tokens might do incredibly well if everything goes according to plan, but they’re also exposed to the risk that they might fail to attract the number of users needed to attain true success.
You can think of Metacade more like the index. Because Metacade is quite literally a meta platform, i.e., it’s not a game itself, but where you go to find these games, it’s success is connected directly to the GameFi industry’s performance as a whole, rather than an individual games’ performance.
With the metaverse gaming industry set to grow at a compounded annual growth rate (CAGR) of 38.2% between 2022 and 2027, according to Global Market Estimates, as well as Crypto.com forecasting that GameFi will grow at 10x the rate of traditional gaming by 2025, Metacade has positioned itself perfectly to become a titan of Web3 and Play2Earn gaming.
Even if AXS and MANA come to be worth $0, Metacade will still exist. The plaform marks a pivotal point for gaming and development, and its influence is likely to spread rapidly. If you were thinking about picking up some AXS or MANA tokens – you might want to reconsider, and start researching Metacade instead.
You can buy Axie Infinity at eToro here.
You can participate in the Metacade pre-sale here.