Web 3.0 community Metacade has launched the presale of its token, sparking speculation that it could be one of 2023’s best tokens.
Metacade is a hub for people with an interest in crypto, games, and Web 3.0.
The presale of the MCADE token started on November 23, and at the time of writing has attracted almost $300k of investments with almost 36 million $MCADE sold.
The platform has generated a lot of interest from both media and people interested in GameFi – a collective name for the cross-point between gaming and finance in the Web 3.0 world.
Metacade’s promise is alluring for all types of people – from beginners in the GameFi space to experts. It enables the brightest GameFi minds to monetize sharing their knowledge, which also creates a great learning space for those that are just starting out.
The same option is also available for anyone who writes a review or shares their impression, incentivizing all GameFi fans to build out their community on Metacade’s platform.
The company is reportedly aiming at doubling the size of the community by the end of 2023. Coupled with its approach to feature to a variety of play-to-earn (P2E) games, instead of focusing on a single game, this means that its growth will be borne out of its own identity, and not the popularity of a single P2E game.
However, building up a GameFi community isn’t the company’s only objective. As players are able to establish or further develop their Web 3.0 P2E careers on Metacade, the same goes for developers as well.
This is the objective behind the company’s Metagrants program, which is designed to enable the development of highly-desired Web 3.0 games on its own platform.
The Metagrants program operates by distributing funds for development, and is – of course – using the company’s very own MCADE token to do so.
This means that MCADE is a truly versatile utility token, and the platform’s plans to bring together every facet of the industry in one place carries the same sentiment, further fueling speculation that MCADE could be one of 2023’s best tokens.
The future of the platform is for the players to take the reins and form a decentralised autonomous organisation (DAO), which means holders of the token will get even more important roles in developing the platform’s future.
If this eventually happens, Metacade could become the world’s first virtual arcade owned by its community, making it a platform that was developer for, and owned by, its gamers.