SEC Crypto Regulation Rumors Do Little To Dampen Enthusiasm as Metacade Raises $16.4 Million Before April Exchange Launches
GameFi is an area of innovation within the blockchain gaming space that generates a lot of buzz and excitement, and none more so than for newcomer Metacade. GameFi, short for gaming finance, combines the world of gaming with decentralized finance (DeFi) to create a new type of gaming experience, allowing gamers to earn crypto while playing games — creating a new revenue stream for the gaming community and a new way to profit from the gaming industry for investors.
The potential for GameFi is immense, with the global gaming industry expected to be valued at over $250 billion by 2025. The combination of gaming and finance is a natural fit, as both rely heavily on community engagement and user adoption. The GameFi market is still in its infancy. Still, it is expected to proliferate in the coming years, attracting more gamers from the traditional gaming sector and putting Metacade in a fantastic position for growth.
Could crypto regulation help Metacade’s price growth?
While clarity on crypto regulation is still lacking in the crypto space, the SEC is expected to provide more guidance in the coming months. This crypto regulation uncertainty has caused some concern for investors. Still, the hope is that more explicit guidelines will ultimately lead to a more stable and mature crypto market that will benefit innovative projects like Metacade.
Metacade is forging ahead with its plans for the future of GameFi. The platform’s comprehensive offering, which includes several earning mechanisms beyond the game zone, is reported to have caught the attention of many crypto whales in the space. With its recent exchange listings and growing gaming community, Metacade is well-positioned to become a leading name in the GameFi space and could gain a boost from any forthcoming regulatory transparency.
What is Metacade?
Metacade is the first community-centered play-to-earn (P2E) gaming arcade built on blockchain. It will offer various games covering a wide range of genres and styles, all specifically developed for the platform with integrated earning potential for users. Metacade also plans to become a central hub for Web3 users, offering competitive gaming, job opportunities, and rewards for content creators.
This approach gives Metacade a strong chance of putting itself at the heart of the GameFi movement and, in doing so, offers investors a fantastic opportunity to capitalize on the high potential of the project in a burgeoning market.
How does MCADE work?
The MCADE token powers the rewards system and is the platform’s currency. It also offers staking opportunities (although currently fully subscribed), allowing investors to earn a passive yield and also vote in governance proposals for the project. The platform offers both casual and competitive gameplay, with users able to play solo while earning MCADE tokens or join paid entry tournaments to win substantial prizes.
Metacade’s innovative features go beyond its online arcade. It bestows content creators with MCADE token rewards for contributing to the community hub, which can include posting game reviews, sharing alpha, or engaging with the community — guaranteeing a high level of user retention.
Another prominent feature is the Metagrants program, which provides early-stage funding to promising new game developments on the blockchain. The community can vote to decide which new games shine before Metacade provides a Metagrant to help bring the idea to life. This feature is expected to drive innovation in the blockchain gaming sector while helping to support developers during their early stages.
Can MCADE shoot for the moon?
Investors anticipate significant returns from buying in the early stages of the project. While the presale saw the price of MCADE rise from $0.008 to $0.022 over its quickly sold-out phases, many believe there is a tremendous amount of growth still to come. The Metacade platform has the potential to become a leading name in the blockchain gaming space thanks to its unique offering, and its embedded utility could push the price of its utility token continually upwards over the next few years.
Metacade has already launched on Uniswap and Bitmart in April and is due to list on MEXC in early May, while its recent addition to CoinMarketCap, the popular cryptocurrency market aggregator website, will likely drive an increasing awareness of the project moving forward.
All this has many market analysts predicting a considerable amount of future price growth for the token, and MCADE could even smash through the $1 barrier by the end of 2023.
Is MCADE worth buying?
With the success of its presale and upcoming further exchange listings, Metacade is entering an exciting phase of price discovery. The platform’s unique features and growth potential make it an attractive investment opportunity for those interested in Web3 blockchain gaming.
Investors can purchase MCADE on UniSwap and Bitmart, with the MEXC listing adding a further exchange option in May. With a growing community and increasing interest in P2E gaming, MCADE has the potential to be a profitable investment for those looking to diversify their portfolio ahead of improved crypto regulation, hopefully this year.
You can learn more about how to buy Metacade here.