Ethereum or Polygon, that was the question on the lips of many investors as the bull market continued last year. While Ethereum (ETH) became our primary destination for decentralized finance projects and NFT publications on blockchain, Polygon (MATIC) was starting to compete for free NFT listing on Open Sea. Polygon had a chance to catch up with Ethereum, but none of this is likely to happen in the short term if investors are looking for big gains. And Metacade has joined the game.
What is Metacade?
A brand new project that has currently started a token pre-sale for the MCADE service token. The project focuses itself on the emerging play-to-earn game industry within the expanding metaverse. Both of these sectors are likely to have a major impact on the crypto world in the future, and Metacade hopes to do so now by bringing something truly sensational. The platform aims to be the ultimate hub for developers and gamers to come together and collaborate in a complete gaming ecosystem.
At this stage, the primary goal of the project is to build a strong user base and build the world’s first community-driven metaverse arcade. Metacade aims to create deep value for developers, gamers and investors at all levels of the gaming environment. Users can earn rewards and support the project by staking MCADE. Developers can earn grants to create new games, and players can test and review them in a circular, sustainable way.
Metacade has the advantage of being a hub for multiple projects, rather than investing in a single project or game that might fail, and is therefore better able to diversify. It’s like investing in Disney or Netflix rather than a single movie. Or investing in Sony instead of a single game.
Ethereum Merger Won’t Change The Market In The Short Term
Ethereum has recently completed its long-awaited transition from Proof-of-Stake (PoS) blockchain architecture to Proof-of-Work (PoW). The upgrade, called the merge, was under construction and many investors were hopeful that it could spark a rally in the coin. As a result, this PoS move has made ether 99.95% more energy efficient. It’s a step in the right direction, but it doesn’t look like a big rally for ETH in the short term.
Polygon Loses Its Chance To Catch Ethereum
Polygon was starting to show some signs last year that it would be one of the top five coins as it started to become a popular option for OpenSea NFT purchases. But in reality, the peak in the market cap of the project was $20 billion and was nowhere near its $500 billion peak in ETH at the time. One of Polygon’s biggest drawbacks is that it has a much larger coin circulation at 8.5 billion compared to Ethereum’s 122 million. Polygon has lost the opportunity to become a sought-after name as the bull market continues, and in the short term, we don’t see a big change in fortunes.
Why should you invest in Metacade?
Metacade offers a game-changing platform that will serve two of the hottest crypto industries in the coming years: Play-to-earn and metaverse. The project also expands the play-to-earn theme by adding create-to-earn, where developers have a chance to profit from their work. A P2E arcade in virtual worlds will most obviously contain NFTs and DeFi elements for a complete Game-Fi platform.
Ethereum and Polygon are focused on providing services to other projects and hosting smart contracts and decentralized applications. The dream of using them as a payment option is over and while it will eventually attract investors and developers, the upside will be slow. P2E and the metaverse will be the trend of everyday users in the future, and Metacade’s arcade will be the perfect hangout for casual and serious gamers alike.
Conclusion
Cryptocurrency investors took the loss of the bear market and Polygon lost its chance to catch up with Ethereum. Ethereum has now been upgraded to a more environmentally friendly blockchain, but the short-term outlook for both will likely be a slow rise to higher heights.
Metacade’s roadmap to 2023 will begin with a massive marketing campaign that continues to attract a large community. Once this is complete, the sudden demand for MCADE and the resulting frenzy on platforms like Reddit could yield huge payoffs for early investors. The development of the arcade and the worldwide adoption of the metaverse will be the real spark for this innovative project.
You can participate in the Metacade pre-sale.
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