The token of the Decentraland platform quickly lost 90 percent of its value. Naturally, crypto investors are sick and tired of the sudden drop in token prices. That’s why the Metacade pre-sale is getting so much attention on the market.
What is Decentraland (MANA)?
Decentraland is a blockchain-based virtual world that allows users to purchase, create and monetize digital assets in an interactive 3D environment. The platform is powered by the MANA token, which is used to purchase land, participate in the management of Decentraland and pay for goods and services in the platform’s integrated market.
Built on the Ethereum blockchain, the Decentraland metaverse uses advanced smart contracts as well as decentralized storage in a public ledger to ensure user-generated content is both immutable and censorship resistant. It serves metaverse worlds perfectly, as the benefits integrated into blockchain technology give players a deeper level of control over the overall gaming experience while giving more power back to players.
Decentraland is one of the first projects to offer a fully decentralized virtual world, and its unique combination of gaming, social media and e-commerce opens up a number of exciting uses for the platform. Players can create a wide variety of different gaming experiences in the Decentraland metaverse and explore the world while making friends.
Decentraland expands what’s possible in the gaming industry by allowing players to monetize their virtual creations. User-generated content opens doors for a wave of innovation, and the Decentraland platform lowers barriers to entry to allow anyone to create games without programming experience.
Decentraland’s Price Action
While the value of the project greatly appreciated during the 2021 crypto bull market, it has since been disappointing for investors. The project may offer some great features to gamers, but a 90% drop in value has left many doubting whether it will ever be able to return to its previous all-time high.
In November 2021, the value of the MANA token reached $4.88, giving the Decentraland metaverse project a total market capitalization of approximately $8.5 billion. Previously, many believed that this would be the next big thing in the blockchain gaming world, but now Decentraland has a total market cap of just $0.8 billion.
What is Metacade (MCADE)?
is building the largest metaverse marketplace on the Ethereum blockchain. Players have access to a wide variety of exciting new play-to-earn games. Besides hosting a number of P2E games, Metacade users can also monetize in other ways with the native token MCADE.
At its core, community driven, Metacade aims to provide a space for gamers and developers, whatever their interests, to come together. For example, Metacade users are rewarded for adding value to the community by posting alpha or game reviews, sharing useful information, or helping new users.
Metacade aims to increase knowledge and engagement with Play-to-Earn games by connecting the GameFi community. This incentive structure could help usher in the golden age of blockchain-based gaming, and Metacade looks set to be at the center of it all.
Industry Growth
Metacade will eventually become a DAO, giving players more power to influence the future of the industry. Part of this plan is the Metagrants program, which will give gamers a chance to vote on the best potential GameFi games, and then fund game developers to accelerate their development efforts. This means that Metacade helps develop gaming projects that people really want and moves the industry forward.
Metacade will also provide beta testing opportunities for GameFi players who can access some of the latest titles long before they’re released. This is a huge opportunity for gamers as they can play brand new blockchain games and provide direct feedback to the development team. The Metacade community will help fix bugs and make suggestions for improvements. In return, beta testers will earn MCADE tokens for their added value.
Pre-Sale Opportunity
The Metacade project is launching the pre-sale event. Such moments do not occur very often and if a project is successful it can yield some big payoffs. Promising a lot of value for Metacade, this special pre-sale is very popular with crypto investors.
For comparison, the MANA token is currently priced at $0.46, while MCADE will be launched at $0.008 per token. Considering how high the Metacade token can go, the MCADE pre-sale presents a huge opportunity for crypto enthusiasts. And this is reinforced by the fact that MCADE is not expected to stay at $0.008 for long.
Prior to the public sale, the tokens will have increased to $0.02 per token, so the sooner the better for investors looking to get involved. One thing is for sure, people are extremely optimistic about the future of Metacade.
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