GameFi looks set to revolutionise the wider gaming industry. Games like Metacade and Axie Infinity are taking the playing experience to the next level and many investors are expecting big gains over the coming years as the sector continues to expand.
While the two titles share some characteristics, there are some key differences. This article discusses exactly what these differences are and uncovers the reasons why so many claim Metacade could be the next major game built on blockchain.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
What is Axie Infinity (AXS)?
Axie Infinity is a creature-collecting game that mints unique non-fungible tokens (NFTs) and pays AXS token rewards to players. Axie Infinity allows players to collect, breed, and raise creatures known as Axies, before battling PvP in online tournaments. These Axies can take various forms and there are more than 500 different body parts available for a deeper level of customisation.
The native token for Axie Infinity is AXS. In 2023, the platform will become a decentralised autonomous organisation (DAO). This means that token holders will be able to use AXS to vote for new upgrades, as the Axie Infinity platform becomes entirely governed by its community.
Axie Infinity is one of the most widely-used decentralised applications (dApps) on the blockchain today. During the 2021 bull market, there were almost 3 million active users. This is a direct reflection of just how popular Play-to-Earn gaming can be and shows the high potential of new GameFi projects that are seeking to build on this early success.
What is Metacade (MCADE)?
A broad selection of games
Metacade is an expansive virtual arcade that gives players an increasing range of Play-to-Earn titles to choose from. Not only can you jump in and get together with other GameFi fanatics but you’ll also gain access to many different styles of games that can energise your experience and, by extension, your MCADE token rewards.
Rewarding the community
The Metacade team is building a world that offers brand-new opportunities to players. The GameFi community can get together and share all the latest tips and tricks for how to get the most out of the blockchain gaming experience. Metacade will reward players with MCADE tokens for high-value contributions, offering a new way to keep the platform truly community-centric.
Accelerating Play-to-Earn progress
Metacade is devoted to bringing the highest-quality games to its community. Its ingenious Metagrants initiative will allow game developers to submit proposals to Metacade members who will vote on which games they want to see built. The winning developers will be awarded funding to build their game.
The Metacade community will also be involved in game testing to ensure dedicated gamers are getting exactly what they want out of the platform. Metacade ultimately aims to transition into a DAO, giving gamers full control of the project’s future direction and a powerful ability to shape the future of GameFi.
Axie Infinity is, at its core, a collectible trading card game. This differs from Metacade, which offers a range of arcade-style games for users to enjoy, all while earning an income from integrated reward potential. MCADE will be used in a number of new ways to bring the community together and incentivise the continued growth of GameFi, which adds another unique element to the project.
While Axie Infinity has firmly established itself as one of the biggest platforms by market cap, Metacade is a brand-new title that has only recently started its journey. Since Metacade is at an earlier stage of its development, it has much higher growth potential. Many believe that it could be even bigger than Axie Infinity in the future due to its unique characteristics.
AXS vs MCADE: A Stake in the Future
Crypto investors are always on the lookout for high-value projects and both of these tokens have the potential to deliver long-term. Axie Infinity is a very popular platform with the community and Metacade is showing signs of unlocking a similar level of success in its future.
AXS is a major cryptocurrency, sitting comfortably in the top 100 projects by market cap. In contrast, the MCADE presale has only just begun. The token is being launched at $0.008, and by fully interpreting the value shown in the platform’s roadmap, it is expected to skyrocket from these levels – and so the earlier you get in, the better.
Over time, GameFi looks set to conquer gaming by infusing exciting pastimes with financial rewards. For now, these two projects represent major opportunities to own your share in this promising future.
You can buy AXS on eToro here.
You can participate in the MCADE presale here.