- 2023 will be the year when metaverse crypto gaming pushes into inexorable growth, with the sector projected to grow by 70% year-on-year between 2023 and 2027 to more than $60 billion.
- Experts believe that the development of the GameFi industry will outstrip traditional gaming by 10 times over this period, as gamers flock to metaverse crypto gaming in their droves.
Two GameFi platforms set to benefit most from this growth industry are the new virtual video gaming arcade Metacade and the established virtual real estate venture Decentraland. Here’s how they’re set to boom in 2023 and beyond.
GameFi: Leading innovation in gaming
The burgeoning GameFi movement combines innovative technologies to deliver an ever-improving gaming experience for online gamers worldwide. GameFi is a fusion of gaming and finance and is used to describe blockchain-based games that contain play-to-earn (P2E) mechanics.
Many GameFi platforms have harnessed the power of virtual reality to create fully-immersive VR metaverse worlds, providing gamers with the previously unchartered gameplay experience. With P2E capability and gamers having more control, the GameFi sector could revolutionize the wider gaming industry.
What is Metacade?
Metacade is a brand-new P2E metaverse-based video gaming arcade that will be home to the broadest array of P2E arcade titles. It will combine classic arcade games of yesteryear with the most advanced modern Web3 games, all in one thriving hub.
This metaverse crypto arcade will be one of the most comprehensive GameFi experiences to take users deeper into the gameplay experience, surrounded by a profoundly immersive community of like-minded enthusiasts. This community is at the forefront of Metacade’s more comprehensive plans for the platform, encouraging members to get involved and learn about the hottest new games, find the best gaming alpha, and socialize online with fellow gaming fans.
How does Metacade work?
Metacade’s appeal is broad, attracting casual gamers alongside more seasoned online tournament gamers. Whether the challenge is to beat a friend in a 1v1 duel or to strive to climb the leaderboard on one of the platform’s expanding list of arcade games, Metacade is certain to be the place to find top-level gaming experiences.
The platform’s community is incentivized to engage in building a community, with users rewarded for every useful social interaction they make on the hub, via the Create2Earn program. Content such as game reviews, tips, and contributions to threads and live chats are all rewarded with crypto income.
In addition, Metacade intends to encourage the creation of exclusive new cutting-edge metaverse crypto games through its Metagrants scheme. This ground-breaking initiative allows developers to apply for crypto funding to support the creation of new games exclusively for Metacade. The community of native MCADE token holders votes for the games they want to see, with the most popular going into production with the help of financial support.
Metacade price prediction: Is $1 achievable in 2023?
The MCADE presale event kicked off recently and has quickly become one of the most popular metaverse crypto project presales of recent years. The first 10 weeks saw an astounding $5 million raised, and that amount has now skyrocketed to $7m today.
With investors flocking in their thousands to Metacade, experts predict that the presale will sell out increasingly quickly with each round. The price will rise to $0.02 when the presale concludes before hitting exchanges and becoming available to the public. With a fixed supply of tokens available, experts predict that the MCADE public sale could provoke a serious scramble, pushing the price significantly higher. This could lead to MCADE breaking the $1 barrier by the end of the year.
What is Decentraland?
Decentraland is a virtual reality open-world metaverse crypto platform that allows users to buy, sell and trade digital real estate plots minted as non-fungible tokens (NFTs). Once purchased, users can utilize their land using Decentraland’s integrated toolkit to build anything they like to monetize their plot and encourage other users to explore their offering.
The focus on user-generated content (UGC) has led to a constantly evolving virtual world with various P2E experiences for its users to visit and earn from. For example, the platform is home to eCommerce stores, P2E games, virtual casinos, and digital art galleries with ever-changing and evolving exhibitions. This range of experiences offers an insight into the myriad capabilities of the metaverse crypto world.
Decentraland price prediction: Can MANA hit $1?
The Decentraland price prediction for the native MANA token has been updated in recent weeks following the bullish performance at the beginning of 2023, which saw MANA more than double in value. Currently trading at $0.72, still way below its all-time high of $5.90, forecasts are that MANA will continue to grow this year.
With the overall market looking to improve in 2023 ahead of the next Bitcoin halving event, steady growth in MANA is expected, with the price predicted to reach $0.99 by the end of the year. If things go well, MANA could break the $1 barrier.
MCADE vs. MANA: Which to buy?
Decentraland is already well-established in the lexicon of P2E gaming titles, meaning that growth in the MANA token is likely to be more sedate than that of the exciting new MCADE coin. Indeed, forecasts are that MCADE could enjoy the kind of meteoric rise that MANA enjoyed during the bull market of 2021.
This makes the current price of $0.014 during its ongoing presale round one to pay attention to, particularly for investors seeking an exciting addition to their portfolios! With the bright future ahead of the GameFi sector, and Metacade set to play a leading part in the overall movement, Metacade represents one of the best metaverse crypto investment opportunities of 2023.
You can participate in the Metacade presale here.
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