Metaverse games have been one of the hottest topics in crypto circles this year. After the launch of the hyped Shiba Eternity game in early October, investors are now searching for up-and-coming projects in the hopes of finding something outstanding in the world of blockchain and metaverse gaming. One of these projects could well be Metacade.
In this article, we will discuss what Metacade is and why it could soon overtake Shiba Inu as one of the most talked about platforms in the metaverse.
What is Shiba Inu?
Shiba Inu is a spinoff of the popular meme token, Dogecoin. It’s widely considered one of the leading competitors to Dogecoin and has attracted nearly 500,000 members to its Reddit community despite having little real utility. This loyal following was the catalyst for a gain of almost 9,100,000% from its launch in 2020, to its peak in October 2021.
According to Shiba Inu’s whitepaper, the project was developed to answer one question: what would happen if a cryptocurrency project was 100% run by its community? Its anonymous founder Ryoshi has been open about their belief that a decentralized community can build something better than a centralized team ever could, and Shiba Inu has so far embodied that vision.
What is Shiba Eternity?
Shiba Eternity is a hotly anticipated turn-based game that aims to bring some form of utility to the Shiba Inu ecosystem. It features collectible cards that players use in battle to win and earn in-game XP points that in turn are used to buy more cards.
The game is actually split into two: a mobile game and an NFT game that uses Shiboshi NFTs during battle. It’s unknown whether the game will adopt a Play2Earn model at this point, but it’s expected that the game will increase the exclusivity of these Shiboshi NFTs. It’s another step in growing the Shiba Inu ecosystem further, which already has one of the most hyped metaverse games, SHIB: The Metaverse, on its roster.
Despite features like a SHIB supply burn mechanism built into Shiba Eternity, SHIB has declined almost 10% from the game’s launch on October 6th at the time of writing.
What is Metacade?
Shiba Inu did, in fact, prove Ryoshi’s belief: a decentralized community that managed to produce something from the ground up and still remains loyal to this day. More importantly, if Shiba’s model is anything to go off, then Metacade could be even bigger. Metacade plans to be a community-run platform for everything to do with Play2Earn, Web3, and metaverse games. But unlike Shiba Inu, Metacade offers utility to its users at every step.
It’s a space for like-minded individuals to connect, earn more from Play2Earn, and shape the future of gaming. To grow its platform, Metacade is incentivizing users to share their thoughts on the latest games, post industry-leading GameFi alpha, and participate in game testing for its developer community. As more players find value in Metacade’s community and begin contributing to the platform – it creates a positive feedback loop, drawing in further players. In time, this will lead to Metacade becoming the ultimate destination to find, learn about, and earn more from the best metaverse games.
Why Will Metacade Be the Best Platform for Metaverse Games?
This reward system is just at the edge of Metacade’s vision. The platform plans to become an all-in-one, self-sufficient ecosystem that grants everyone equal access to the world of GameFi and metaverse games, no matter their background. This doesn’t just mean allowing anyone to find an advantage in their gaming; it means creating a community-run environment where users can directly influence the future of gaming and earn more doing what they already love to do.
Part of this plan is the introduction of Metagrants, where developers enter their game ideas into a popularity competition for the Metacade community to vote on. The winner receives funding to produce their dream and launch their metaverse games within Metacade’s virtual arcade. Developers will even be able to receive direct feedback on their prototypes as part of the testing system that Metacade intends to build.
As explained, users will be able to earn more from Play2Earn by contributing to the community. But this is just scratching the surface of the earning potential that Metacade aims to provide. For example, users can collect some extra pocket money by testing games or winning exclusive tournaments.
Perhaps Metacade’s most ambitious idea is to introduce a job and gig board to the platform, allowing anyone to get their foot in the door of the gaming industry. Whether you want to find a part-time gig finding bugs for an indie developer or kickstart your own development career with some of the hottest names in Web3 doesn’t matter: Metacade plans to have it all.
Eventually, Metacade intends to live up to its self-sufficient goal. That’s why they’re proposing to turn Metacade into a decentralized autonomous organization (DAO) in 2024, where MCADE holders can vote on the future direction of the world’s largest virtual arcade, including new features, potential partnerships, leadership positions, and more.
Metacade (MCADE) is a Better Investment Than Shiba Inu (SHIB) – Here’s Why
While Shiba Inu currently has the community advantage, it falls short of offering anything like the utility of Metacade. Given the number of metaverse games expected to hit the market over the coming years, Metacade is perfectly positioned to take advantage of this growth. If we predict that Metacade’s community has the potential to grow just like Shiba Inu’s has, then factoring in the value the platform provides its users builds the picture of an incredible investment opportunity.
If you want to get in early on a project with as much potential as Shiba Inu, if not more, then Metacade is your answer.
You can buy Shiba Inu at eToro here.
You can participate in the Metacade pre-sale here.