Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Ethereum versus Polygon was the question on many investors’ lips over the last year as the bull market rumbled on. While Ethereum (ETH) has been the go-to blockchain for decentralized finance projects and NFT releases, Polygon (MATIC) was starting to become a competitor for fee-free NFT listing on Open Sea. There was a chance that Polygon could catch up to Ethereum but if investors are looking for outsized gains, then neither of those is likely to deliver in the short term. Enter Metacade.
What is Metacade?
Metacade is a brand-new project currently involved in a token presale for its MCADE utility token. The project is aligning itself toward the hot play-to-earn gaming sector within the expanding metaverse. Both of those sectors look to have a massive future impact in the world of cryptocurrency, and Metacade hopes to compound it by bringing something truly disruptive. The platform aims to be the ultimate hub for developers and gamers to meet and collaborate in a complete gaming ecosystem.
At this stage, the project’s primary goal is to grow a strong user base and build the world’s first community-driven metaverse arcade. Metacade seeks to provide deep value for developers, gamers, and investors at every level of the gaming environment. Users can earn rewards and support the project with MCADE staking. Developers can earn grants to build new games and gamers can test and review them in a cyclical, sustainable manner.
Rather than investing in a single project or game which could be hit or miss, Metacade has the benefit of being the hub for multiple projects and therefore have better diversification. It’s similar to investing in Disney or Netflix, rather than a single film. Or investing in Sony, rather than a single game.
Ethereum Merge Doesn’t Change Short-Term
Ethereum has recently completed a long-awaited move from a Proof-of-Stake (PoS) blockchain architecture to Proof-of-Work (PoW). The so-called Merge upgrade was years in the making and many investors were hopeful that it could spark a rally in the coin. In the end, the PoS move simply made ether 99.95% more energy efficient. It is a step in the right direction, but there is no big rally coming for ETH in the near term.
Polygon Lost its Chance to Catch Up
Polygon was starting to show some signs of being a top-five coin in the making last year as it started to become a popular option for OpenSea NFT purchases. But in reality, the peak in market cap for the project was $20 billion which was nowhere near the $500 billion peak in ETH at the time. One of the big drawbacks for Polygon is a much larger coin circulation at 8.5 billion compared to Ethereum’s 122 million. Polygon lost n opportunity in the bull market to become more of a household name and the outlook in the short term does not suggest a major change in fortunes.
Why should you invest in Metacade?
Metacade is offering a disruptive platform that will serve two of the hottest crypto sectors in the coming years: Play-to-earn and metaverse. The project is also expanding on the play-to-earn theme with create-to-earn, which is a chance for developers to profit from their building efforts. The obvious trajectory for a P2E arcade in virtual worlds will include NFTs and DeFi elements for a full Game-Fi platform.
Ethereum and Polygon are focused on providing services to other projects and hosting smart contracts and decentralized apps. The dream of using these as a payment option has gone, and while they will attract investors and developers eventually, the upside will be slow. P2E and the metaverse will bring a huge stampede of daily users in the future and Metacade’s arcade would be the perfect hang-out for casual and serious gamers alike.
Conclusion
Cryptocurrency investors have been hurt by the bear market and Polygon lost its chance to catch up to Ethereum. The latter has now upgraded to a cleaner blockchain but the short-term outlook for both is likely to be a slow grind higher. The roadmap for Metacade into 2023 will start with a big marketing campaign that continues to attract a large community following. Once that is complete, the immediate demand for MCADE and the resulting hype on platforms like Reddit could deliver outsized gains for early investors. The development of the arcade and global metaverse adoption will be the real spark for this innovative project.