Metacade: excellent addition to a portfolio

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President Nayib Bukele has taken a revolutionary step toward decentralizing the global money supply by adopting Bitcoin as El Salvador’s currency. But how far can cryptocurrency go as a means of payment?

Blockchain is at the heart of technological progress in the 21st century, and a new project called Metacade shows how useful it can be.

El Salvador: Bitcoin bonds introduced -will more countries accept crypto as payment?

In June 2021, El Salvador’s adoption of Bitcoin marked the first time a country legally accepted crypto as payment. This was an important event in the history of blockchain-based digital currencies, as it sparked a worldwide debate on whether cryptocurrencies could truly replace the traditional financial system.

After El Salvador adopted Bitcoin, the digital currency movement expanded. China, Nigeria, and India have introduced central bank digital currencies (CBDCs), blockchain-based systems that seek to maintain centralized control over payments, undermining the decentralization movement that El Salvador’s Bitcoin has promoted so much.

Bitcoin for El Salvador serves the same function as cash: an anonymous, peer-to-peer payment system. CBDCs, on the other hand, are programmable and traceable and allow the government more control than in the past. China’s digital yuan (DCEP) is already being used to control people’s spending habits, making El Salvador’s adoption of Bitcoin look like an extremely progressive policy.

A fundamental battle is emerging in the 21st century: will more governments adopt Bitcoin and cryptocurrencies as a means of payment, or will more governments create CBDCs to gain total control over their citizens’ money supply?

What does this mean for Web3?

As Bitcoin’s battle against state-sponsored currencies continues, the Web3 world is aiming for a different domain. Web3 is the process of decentralizing online data and controlling web applications, including social media and gaming.

Web3 projects eliminate the need for centralized servers to control popular applications. This can help protect user data, which centralized entities have been known to manipulate in recent years.

Web3 applications are gaining users worldwide. New games on blockchain, such as Metacade, have the potential to revolutionize the traditional gaming industry, as they offer an experience that simply cannot be matched by traditional titles.

What is Metacade?

Metacade is a comprehensive gaming platform that uses blockchain technology to gain several advantages over traditional games. Because Metacade is created on the Ethereum blockchain, the application uses smart contracts to interact with its users, eliminating the need for intermediaries to control user data.

The blockchain enables built-in financial rewards for all Web3 players, and the Metacade platform is taking this earning capability to the next level. Users can earn by playing the largest selection of arcade games on the blockchain, but also by creating and sharing content on the platform or participating in tournaments.

How does it work?

Metacade offers casual and competitive gameplay in the arcade metaverse. Users will earn cryptocurrencies as payment for playing and can also earn significant rewards in MCADE tokens by winning tournaments against other players.

The platform will also become a social hub for Web3 users, as content creators will be able to earn cryptocurrencies as payment for sharing their knowledge and community development. This may include posting game reviews, sharing insights, and interacting directly with other users.

To help advance the decentralization movement, Metacade is creating jobs for cryptocurrency enthusiasts. In fact, the platform’s Work2Earn mechanism will connect Web3 users with paid job opportunities, ranging from part-time to full-time, at blockchain companies.

Over time, Metacade will become fully governed by its community and uphold the core values of decentralization. It will become a decentralized autonomous organization (DAO), allowing MCADE token holders to vote on governance proposals and democratically drive the progress of the metaverse arcade.

Metacade is as revolutionary as the Bitcoin movement in El Salvador

The decentralization movement has spread from the financial sector to several leading industries globally, and gaming has been one of the first to see the changes. While money is used by all 8 billion people in the world, more than 3 billion individuals regularly play video games and every person in the industry can now access rewards by playing.

To help expand the blockchain gaming movement, Metacade is directly funding the next wave of innovation. The Metagrants program involves a voting process in which the Metacade community will decide which new games should be funded. Winning proposals will receive a Metagrant and be supported throughout development.

Is it worth buying MCADE?

While El Salvador’s adoption of Bitcoin is expected to ignite a governmental tug-of-war, Web3 development continues to accelerate. The number of people using cryptocurrencies as a means of payment has increased 59-fold in the past five years. Metacade is well positioned to capitalize on the growing demand for decentralized web applications.

Metacade is undoubtedly an excellent addition to any investment portfolio. The presale of MCADE tokens represents a rare opportunity to participate in a high-potential Web3 project before it fully takes off. Many Web3 projects produce returns in excess of 100 times for early participants, and Metacade could be the next one to make big gains.

You can participate in Metacade’s presale here.

*This article has been paid for. Cryptonomist did not write the article or test the platform.