- The collaboration between Metacade and Polygon will significantly help the former obtain more users seeking to tap into the web3 gaming industry through a secure and scalable channel.
- Following the partnership announcement, Metacade’s (MCADE) price gained over 8.8 percent in the past 24 hours to trade around $0.0052 on Wednedsay.
The Polygon (MATIC) network, a leading layer two scaling solution on the Ethereum ecosystem with nearly $1 billion in total value locked (TVL), has become the desired choice for DeFi and Dapps developers seeking to scale securely. Among the recent developments, a thriving community-backed gaming platform, Metacade, has announced a strategic collaboration with Polygon Labs.
Although the collaboration has mutual benefits, the Metacade community is expected to significantly benefit from the vast Polygon network in liquidity and new players.
Furthermore, the Polygon network is recognized for its fast execution of transactions on the leading smart contract blockchain, Ethereum (ETH). The Metacade’s team highlighted that they have been working on ensuring seamless entry and exit to the market to attract more players from different blockchains.
Metacade Platform Aligned With Web3 Mainstream Adoption
The Metacade team has been developing an integrated infrastructure to help gamers navigate different features seamlessly. For instance, Metacade users can easily stake their token holdings to earn passive income. According to Metacade’s CEO, Russell Bennett, the collaboration with Polygon is part of its bigger picture to onboard more chains in a bid to attract more players
“…My team and I are working tirelessly to deliver a modern UI that can scale for both off-chain and on-chain usage within our game suite. Furthermore, we’re dedicated to supporting hundreds of new games across all formats. Developing on Polygon will help us deliver a bigger and better Metacade primed for the growing global GameFi market,’ Bennett noted.
Similar sentiments were echoed by Dennis Lavelle, the Head of Partnerships at Metacade, who added that more integrations are set in the coming quarters after an intense Q3. According to Lavelle, the future of Web3 is largely pegged to the ability to ensure sustainable partnerships with different blockchains. Moreover, the gaming Web3 industry is highly disjointed thus very expensive for gamers to shift from one chain to the other.
“…It’s the natural evolution of Metacade, rather than a tangent. We’ll always stay true to our roots in arcade gaming but embracing modern mobile gaming puts us in a significantly stronger position to capture a bigger slice of the gaming pie, and also attract more investment in the MCADE token and consequently reward the loyalty of our investor community,” Lavelle noted.
MCADE Price Action
Following the announcement, Metacade’s native coin MCADE jumped approximately 11 percent in the past 24 hours to trade around $0.00523 on Wednesday, hence giving holders relief from the macro falling trend.
According to our latest crypto price oracles, MCADE value has dropped about 45 percent in the past two weeks to a market capitalization of about $7 million. Notably, the MCADE token has a liquidity of about $522K on the Uniswap V3.
