A public spat between the outdated and new CEOs of FTX has not too long ago hit the headlines, however traders haven’t misplaced confidence in the way forward for Web3. Metacade, a brand-new undertaking, helps the trade transfer away from the FTX collapse, with vital success already throughout the first half of its presale.
More FTX information in the wake of the FTX collapse
After the FTX collapse in November 2022, Sam Bankman-Fried has struggled to remain out of the headlines. The most up-to-date FTX information involving Sam Bankman-Fried pertains to the brand new CEO, John Ray, of the previous second-largest digital asset trade in Web3.
John Ray not too long ago acknowledged FTX’s intentions to restart operations. Sam Bankman-Fried responded negatively, suggesting that John Ray is simply paying lip service and may return all users’ funds if he’s critical about his intentions.
In response, John Ray referred to as Sam Bankman-Fried’s feedback “unhelpful.” It stays to be seen whether or not the latest FTX information could have a optimistic outcome for 1000’s of customers that misplaced funds on the bancrupt trade. Either method, the FTX collapse continues to supply fallout for the remainder of the crypto markets.
Yahoo not too long ago reported that BlockFi had over $1.2 billion in digital assets tied up in FTX and Alameda throughout the FTX collapse. BlockFi is a crypto custodian and cryptocurrency lending protocol that not too long ago went bankrupt as a result of FTX collapse, citing overexposure to the trade as a core cause behind its insolvency.
FTX information continues to make headlines as a result of intensive collateral harm of the occasion. As the second largest cryptocurrency trade on the time of the FTX collapse, the platform had many billions of {dollars} value of consumer funds tied up that all of the sudden and with out warning grew to become inaccessible.
What does the FTX information imply for brand new tasks comparable to Metacade?
The FTX collapse damage many Web3 tasks, however Metacade has continued unaffected. In reality, Metacade continues to go from power to power because the MCADE token presale reaches its half-way level.
Metacade has raised $7.6m in 14 weeks for the reason that presale went reside. This is a testomony to the promising long-term potential of the brand new GameFi platform, which can turn out to be the largest undertaking of its variety that may be discovered anyplace on the blockchain.
There are basic variations between a undertaking like Metacade and a undertaking like FTX. FTX is designed to carry digital belongings for its prospects, whereas Metacade is a decentralized software designed to supply avid gamers with monetary rewards.
Metacade makes use of blockchain expertise to supply a safe and tokenized gaming expertise. Certik not too long ago audited the platform to make sure that all sensible contracts on the platform ship safely, which is in stark distinction to FTX, the place buyer funds had been mismanaged by the now disgraced former CEO, Sam Bankman-Fried.
What is Metacade?
Metacade is the primary community-driven arcade on the blockchain. It will provide the biggest arcade video games out of any present undertaking, with every title having built-in monetary rewards by means of play-to-earn capabilities.
Metacade is ready to revolutionize the Web3 world by changing into a user-centered social hub, with customers who can unlock profitable incomes potential by means of modern mechanics. With Metacade, play-to-earn alternatives have by no means been extra promising.
How does MCADE work?
The metaverse arcade presents a complete GameFi expertise. Users can play solo and earn cryptocurrency rewards whereas progressing by means of limitless ranges in Metacade’s vary of arcade video games or be a part of paid entry tournaments to win main prizes paid in MCADE.
The Metacade social hub takes crypto incomes up a notch and can reward customers for his or her group contributions. Content creators can submit recreation opinions, share the newest insights concerning the blockchain gaming house and work together with different customers, whereas incomes a crypto earnings.
The undertaking additionally shares new crypto jobs for Web3 with customers by means of the Work2Earn characteristic. This will join customers to paid job alternatives with Metacade’s associate tasks, starting from part-time to full-time positions. Work2Earn goals to assist customers kickstart a profession in blockchain expertise.
Metacade helps crypto to maneuver previous the FTX collapse
Innovations comparable to Metacade can assist broaden the use instances for blockchain. The undertaking helps to enhance sentiment throughout the crypto markets on account of its distinctive and useful providers.
Not solely that, however Metacade can be a totally safe funding alternative and can assist to rebuild belief following the FTX collapse. Despite the fixed stream of FTX information, optimistic tasks comparable to Metacade proceed to draw funding on account of long-term investor confidence in blockchain and Web3.
Is MCADE value shopping for?
The MCADE token presale may very well be one of the best funding alternative for the reason that FTX collapse. The undertaking has vital long-term potential regardless of damaging FTX information, as traders haven’t misplaced confidence in Metacade’s capacity to ship a complete GameFi expertise utilizing blockchain expertise.
The MCADE presale will see the value of the token rise from $0.008 to $0.02, so traders needs to be fast to purchase MCADE at the very best value. Without a doubt, Metacade helps to maneuver the trade past the latest FTX information and right into a extra optimistic house. As a outcome, MCADE continues to draw main consideration for its distinctive capabilities.
You can take part in the Metacade presale here.
