The gaming industry grew significantly during the COVID-19 pandemic, with more people turning to online games for social interaction. As the world emerges from lockdowns, evidence is growing to prove that this growth wasn’t just a fad.
Crypto gaming is an area that combines the best of the crypto and gaming markets, so it’s the play-to-earn (P2E) sector that has got people talking as we move into 2023.
The continuing development of the metaverse industry is also seeing an increase in the number of gaming companies using blockchain technology to create gaming apps. One of the most exciting emerging projects is Metacade, which looks ready to skyrocket in 2023.
What is Metacade? Metacade is the metaverse industry’s first virtual gaming arcade to offer gamers a wide range of gaming options and opportunities to earn. It’s a place where gamers can hang out casually with friends and family or participate in serious tournaments against other seasoned gamers with lucrative rewards.
Early indications hint that Metacade will be at the vanguard of crypto gaming in 2023, with the beta presale stage raising almost $1 million in its first three weeks.
Metacade’s white paper sets out the project’s roadmap in more detail and outlines the platform’s multi-layered and rich future, which includes the following features:
Metacade offers users several initiatives to earn rewards. Primarily, gamers earn MCADE tokens through the platform’s P2E mechanism. In addition, Metacade offers Compete2Earn features that reward gamers for success in games and participating in tournaments. Metacade even offers rewards for users who stake their MCADE tokens.
Other ways of earning include their Create2Earn scheme, which sees community members rewarded for contributing to the platform and social engagement. These rewards can be acquired through sharing alpha, posting gaming reviews, and imparting knowledge to other community members. In addition, the jobs board will offer users ways to connect with Web3 and game developers to find their next job from Q1 2024 onwards through the Work2Earn initiative.
Metacade will encourage game designers to develop and release projects on the platform using Metagrants. This scheme sees developers submit game proposals and allows Metacade users to vote for the best game ideas. Game designers with winning game proposals will receive Metagrant funding to support building their game. The first Metagrant will be awarded in Q3 2023, with the first Metagrant-backed game launching in Q1 2024.
The ultimate goal is for Metacade to be a fully-fledged DAO by Q4 2024, with critical roles and responsibilities handed over to community members as the platform looks to become a self-governing business.
By then, the platform will be fully self-sufficient with revenue streams from pay-to-play arcade titles, advertising, entry fees for tournaments and prize draws, job listings, and the launchpad, where external companies will pay to release games on the platform.