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A public spat between the previous 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 challenge, helps the business transfer away from the FTX collapse, with important success already in the course of the first half of its presale.
Extra FTX information within 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 latest 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 said FTX’s intentions to restart operations. Sam Bankman-Fried responded negatively, suggesting that John Ray is simply paying lip service and will return all customers’ funds if he’s severe 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 current FTX information may have a constructive consequence for hundreds of customers that misplaced funds on the bancrupt trade. Both method, the FTX collapse continues to provide fallout for the remainder of the crypto markets.
Yahoo not too long ago reported that BlockFi had over $1.2 billion in digital belongings tied up in FTX and Alameda in the course of the FTX collapse. BlockFi is a crypto custodian and cryptocurrency lending protocol that not too long ago went bankrupt because of the FTX collapse, citing overexposure to the trade as a core purpose behind its insolvency.
FTX information continues to make headlines because of the intensive collateral injury of the occasion. Because the second greatest cryptocurrency trade on the time of the FTX collapse, the platform had many billions of {dollars} price of consumer funds tied up that all of a sudden and with out warning turned inaccessible.
What does the FTX information imply for brand spanking new tasks akin to Metacade?
The FTX collapse harm many Web3 tasks, however Metacade has continued unaffected. In truth, 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 because the presale went stay. It is a testomony to the promising long-term potential of the brand new GameFi platform, which can develop into the most important challenge of its sort that may be discovered wherever on the blockchain.
There are basic variations between a challenge like Metacade and a challenge like FTX. FTX is designed to carry digital belongings for its clients, whereas Metacade is a decentralized utility 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 have been mismanaged by the now disgraced former CEO, Sam Bankman-Fried.
What’s Metacade?
Metacade is the primary community-driven arcade on the blockchain. It can provide the biggest arcade video games out of any present challenge, with every title having built-in monetary rewards by way 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 way of modern mechanics. With Metacade, play-to-earn alternatives have by no means been extra promising.
How does MCADE work?
The metaverse arcade gives a complete GameFi expertise. Customers can play solo and earn cryptocurrency rewards whereas progressing by way 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 neighborhood contributions. Content material creators can submit sport critiques, share the newest insights in regards to the blockchain gaming area and work together with different customers, whereas incomes a crypto earnings.
The challenge additionally shares new crypto jobs for Web3 with customers by way of the Work2Earn function. This can join customers to paid job alternatives with Metacade’s companion 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
Improvements akin to Metacade might help develop the use instances for blockchain. The challenge helps to enhance sentiment throughout the crypto markets resulting from its distinctive and priceless providers.
Not solely that, however Metacade can also be a totally safe funding alternative and might help to rebuild belief following the FTX collapse. Regardless of the fixed stream of FTX information, constructive tasks akin to Metacade proceed to draw funding resulting from long-term investor confidence in blockchain and Web3.
Is MCADE price shopping for?
The MCADE token presale could possibly be the perfect funding alternative because the FTX collapse. The challenge has important long-term potential regardless of damaging FTX information, as traders haven’t misplaced confidence in Metacade’s capability 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 ought to be fast to purchase MCADE at the absolute best worth. Indisputably, Metacade helps to maneuver the business past the current FTX information and right into a extra constructive area. Consequently, MCADE continues to draw main consideration for its distinctive capabilities.
You may take part within the Metacade presale right here.