BELIZE CITY, BZ – Metacade, a blockchain-based gaming platform, has quickly gained traction in crypto with its recent listing on BitMart, MEXC, and UniSwap. The listings mark a significant milestone for the project, highlighting the growing interest from cryptocurrency investors in the web3 gaming arena.

What is Metacade?

Based in Belize, Metacade (‘metaverse arcade’) is a play-to-earn (P2E) web3 gaming platform offering a vast collection of games across various genres and platforms with a robust reward system tailored to diverse gaming preferences. Its approach is designed to attract a wide-ranging user base, which in turn can increase demand for the platform’s utility token, MCADE.

The platform offers staking rewards for MCADE holders, providing an opportunity to earn passive income while supporting the project. Metacade’s Metagrants program is another innovative platform aspect, allowing experienced game developers to pitch their ideas directly to the community. MCADE holders can then vote on which projects should receive funding from the project’s liquidity pool, ensuring a constant pipeline of popular, community-endorsed titles that will drive user engagement.

With its comprehensive approach to the web3 gaming ecosystem, Metacade aims to foster community engagement through features like competitive tournaments, community-driven content, and staking options. This approach ensures that users are motivated to participate and contribute to the platform’s success actively, setting Metacade apart from its competitors.

MCADE Token

In April, the company announced the listing of its utility token, $MCADE, on Uniswap, BitMart, and MEXC Global. The token is at the core of the Metacade ecosystem, facilitating various platform functions, powering the rewards system, and value exchanges. 

The token facilitates various platform functions, including powering rewards and value exchanges. Gamers can earn MCADE tokens which can be spent on gaming activities and in-game digital assets through their participation in the community by sharing valuable game insights or writing reviews.

Strategic partnerships

Though the P2E model has failed in the past, Metacade aims to redefine the gaming experience by constructing the world’s largest P2E arcade and leaving the game development decisions to the community through its DAO. 

In addition to partnering with Uniswap, BitMart, and MEXC Global to list its token, Metacade has partnered with MetaStudios to start work on its first releases. MetaStudios will help Metacade create AAA games aligning with its vision for a comprehensive P2E arcade. The partnership brings MetaStudios’ avant-garde brand that could attract top-tier game developers to its platform.

Metacade is also partnering with Cudos, a decentralized cloud-computing platform. This partnership can leverage the platform’s infrastructure to provide greater scalability and reliability to its users. It can also natively power mobile devices, which have become a hot commodity in gaming over the last few years.

Rebuilding Gamefi?

It is too early to say what impact Metacade may have on rebuilding the lifeless GameFi industry. Bringing back the P2E model is a risky move since it was roundly rejected by gamers in 2022. However, with partnerships with Cudos and MetaStudios, cloud-computing infrastructure, and top-tier game development made by gamers, Metacade stands a better chance of monetizing web3 gaming than any past attempts.

Industry experts are closely examining the potential of these listings on the platform’s growth and the value of the utility token as Metacade continues to expand its presence in the crypto market. With its community-centered approach to web3 gaming, its utility token, and game studio partnerships, Metacade has harnessed a rare amount of potential.