Metacade (MCADE), a New Metaverse Project to Contend with Decentraland
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Decentraland (MANA) has great potential as a metaverse coin. Since it's backed by blockchain technology, that also powers cryptocurrencies like Bitcoin and Ethereum, it’s all aboard the buzzword train for this token. However, just because a project relies on cutting-edge technology doesn't mean it is without limitations or drawbacks.
In this article, we’ll compare two metaverse projects trying to establish themselves in the next generation of the gaming industry - Decentraland and Metacade (MCADE). First, we’ll look at Decentraland, then at Metacade (MCADE), and explore their similar ambitions but very different approaches.
Decentraland is a virtual world powered by the Ethereum blockchain. At its core, it is a decentralised virtual platform, where users are free to create, experience, and monetize content and applications. One of the most popular sources of revenue for its users are in fashion and design aspect of avatar clothing.
Decentraland Coin is the ERC20 token that powers interactions across its world. Its primary use is buying LAND, which can then be used to host all manner of creation - from residential areas, to commercial spaces, all the way to self-contained environments. Landowners can control what content is shown on their land, set a rental price for activities or events taking place on it - or even resell it for a potential profit.
Decentraland’s community-driven approach also means that each holder of their token receives voting rights, in regards to how the platform should proceed on its decisions for the future.
Metacade is a platform which intends to become the ultimate Web3 community hub, and a
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