Schlagwort: crypto business

The metaverse looks increasingly poised to become a major player in the tech world in the next few years. As more and more major companies are joining in, it looks like widespread adoption is just on the horizon. That means that now is the time to be looking at these projects that still have a lot of room to grow with some promising price predictions for the future.

Two projects in particular that could drive this progress are Decentraland (MANA) and Metacade (MCADE). In terms of price prediction, the big question is – which has the higher potential?

This article will cover the characteristics of each project and look over which has the bigger opportunity for returns.

What is Decentraland (MANA)?

Decentraland is a DAO (Decentralised Autonomous Organisation) that creates, maintains, and governs a virtual world. The platform’s native token, MANA, is an ERC20 token that is used to purchase metaverse real estate and take part in governance voting.

Through leveraging the power of decentralised communities, Decentraland is one piece of the foundation on which the future of the GameFi industry could be built. In Decentraland, anyone can freely build 3D worlds, while exploring, navigating, and sharing their creation, which is a key reason why some investors believe that the Decentraland price prediction could be promising.

The Decentraland platform consists of two main elements. The Decentraland SDK is used to build metaverse-based experiences and the Decentraland client is used to view and interact with these experiences. 

The Decentraland platform allows users to create, experience, and monetise content and applications. There are numerous ways to enjoy the Decentraland metaverse and a broad range of digital creations that can be made. Users can build their very own section of the virtual reality landscape and monetise artwork and other assets by minting them as NFTs.

By making the game-building process more accessible, Decentraland is expanding the scope of play-to-earn gaming.

Decentraland: prime real estate but losing popularity

A key drawback to Decentraland’s price prediction is its ongoing struggle to attract users in the past 12 months. The long-term price prediction for MANA could suffer as a result. A recent report indicated that there were fewer than 1000 active users that were buying and selling MANA tokens. So although the platform offers unique functionality and does have high potential, the price prediction is currently less than others in the metaverse space.

Experts see metaverse-based projects as prime long-term investments due to the utility being offered in these digital landscapes. Investors are predicting that the MANA price will rise from current levels alongside other metaverse tokens, but it may struggle to reclaim its previous highs. These projects use advanced technologies that bring people together from all over the world and long-term Decentraland price predictions are higher than the current prices but nothing to marvel at.

One metaverse project that is enjoying a different level of success is Metacade which has already shown major potential for the coming years. While Decentraland’s MANA coin has been disappointing for a lot of crypto investors during 2022, Metacade’s MCADE has become an attractive alternative.

What is Metacade (MCADE)?

Metacade is a comprehensive Play-to-Earn gaming platform that is building the biggest arcade on the blockchain. Metacade offers a range of arcade-style games on a platform that integrates gaming with earning opportunities.

On top of this, Metacade hosts Play-to-Earn tournaments, where gamers can add a competitive element to their experience. By connecting GameFi enthusiasts on the platform and providing MCADE token rewards, Metacade offers competitive gamers new ways to enjoy some of the best Play-to-Earn games around.

A strong approach to community-building

Aside from being the go-to arcade for P2E gaming, Metacade is also a user-focused platform. For example, MCADE tokens will be used to reward community members for their contributions to the Metacade space. Users can help other players to uncover the best methods for playing the latest GameFi titles and Metacade will provide financial rewards. Simply put, users can earn by taking part in the community. That includes sharing their knowledge about the latest games while building new relationships with other gamers.

Since the project is fully focused on its community, Metacade will become a DAO to allow players to vote on governance proposals using MCADE tokens. This hands more power back to gamers as they decide on the best course of action for several key features in a digital world that will be entirely controlled by MCADE token holders.

Supporting the future of GameFi

A key feature that community members will be able to influence is the Metagrants program. Metagrants will be used to fund the next wave of GameFi innovators, as the community can vote on a number of investment pitches and decide which projects sound the best. In this sense, the Metacade community will have a direct influence over the future of Play-to-Earn gaming.

Metacade will also include a Web3 jobs board from 2024 onwards. This section of the metaverse world will connect up-and-coming blockchain games with a dedicated community of gamers. The aim is to let the Metacade community test out these new titles and provide feedback to the development teams in exchange for MCADE token rewards.

Decentraland vs Metacade

Metaverse projects are certainly looking like a solid bet for the future, especially as the utility being offered in these roadmaps is extensive. With Metacade still at an earlier stage in its development, it naturally has much higher than any Decentraland price prediction. 

Looking at Decentraland, the MANA coin has already experienced major growth in its token value. Between 2020 and 2021, MANA’s price rose by almost 10,000%. Since then, however, the project has experienced a major pullback and investors are predicting that the price may never reach the same heights as in 2021. For now, the Decentraland price prediction is $2.22. If MANA manages to break this key level of resistance, then new all-time highs can be reached.

In contrast, Metacade has just started its token presale and has nowhere to go but up. With so much value on the horizon, investors have been jumping into MCADE and have made some major gains already. The long-term price prediction looks significantly higher than current prices after the token was initially launched at just $0.008. At such an early stage, Metacade could even rise by a similar level to Decentraland’s 10,000% before the next bull run begins. By 2025, MCADE price prediction is expected to reach the $5 mark.

Looking at everything with clear eyes, the choice between MCADE and MANA is clear. Metacade’s token looks like it has a much brighter future ahead of it.

Buy MANA on eToro here.

You can participate in the MCADE presale here.

The post Decentraland Price Prediction: Metacade Seems to Be a Better Option appeared first on CoinJournal.

Key Takeaways 

• Mazar’s, the accounting firm who worked with Binance on the proof of reserves report, has pulled the link from its website
• It has also paused all crypto work indefinitely
• Controversy followed the report, with critics decrying its lack of information on the liability side 
• Mazar’s had previously stated that this was a “report” and not an “audit”

Woops.

Binance’s “audit”, with the inverted commas very much intended there, is no more. Mazar’s the auditing firm that worked with Binance on the proof of reserves report – which was what it was referred to by Mazar’s, rather than an audit – has removed the report from its website.

It also announced that it would be pausing its work with all crypto clients. As well as Binance, this includes Crypto.com and KuCoin.

“Unfortunately, this means that we will not be able to work with Mazar’s for the moment”, a Binance spokesperson said.

Why was Mazar’s report controversial? 

I have written extensively about the failure that was the proof of reserves initiative. In short, it couldn’t be less of an audit, with the report throwing up more questions than it answered.

Most prominently, there was a refusal to present liabilities, with CEO Changpeng Zhao stating on Twitter that this was “harder” and to merely “ask around” to verify that Binance don’t owe anybody anything.

yes, but liabilities are harder. We don’t owe any loans to anyone. You can ask around.

— CZ 🔶 Binance (@cz_binance) December 7, 2022

Needless to say, this instruction to ask around didn’t exactly appease the investing public, fresh from being told “assets are fine” by FTX CEO Sam Bankman-Fried, before he promptly deleted the tweet, filed for bankruptcy and was arrested this week.

Now, Binance has nothing to do with FTX, but the PTSD that investors have over the collapse of the latter is fuelling a very sensitive market right now.

Then came the terribly timed news that US prosecutors were reportedly considering filing criminal charges against Zhao and other Binance executives in relation to a money laundering case that has been ongoing for a number of years, and Binance were suddenly news story number one.  

Withdrawals then flooded out of Binance.

In addition to this, the BNB token peeled back, which had previously been holding up well throughout 2022 – compared to the rest of the crypto market, at least.

What happens next?

Mazar’s revocation of the report doesn’t really change much. It is widely acknowledged in the space now that more transparency is needed. Binance – and other exchanges – operate in an opaque manner compared to traditional finance firms.

It is an ironic truth in an industry that is meant to be built on the premise of trutlessness, investors are forced to rely upon the assurances of executives on Twitter. Hopefully, the furore this episode has caused will force Binance to come completely clean and present to the world a bona-fide audit.

There is certainly nothing to suggest that the firm has any reason not to, but for paranoid investors, the opposite is also true – there is currently no way to verify that Binance are making true on their word.

Mazar’s had declared that Binance was 101% collaterised.

“At the time of assessment, Mazars observed Binance controlled in-scope assets in excess of 100% of their total platform liabilities,” the report said. 

Audited proof of reserves. Transparency. #Binance https://t.co/IClZxTYaWp

— CZ 🔶 Binance (@cz_binance) December 7, 2022

But on closer look, the data wasn’t as satisfying. Binance’s assets amounted to 582,486 bitcoins and its liabilities numbered 597,602 bitcoins. This appeared to suggest an undercollaterization of 3%, but when including assets lent to customers through loan and margin accounts, came to a collaterization ratio of 101%.  

While things seem to have subsided recently, with withdrawals from Binance returning to normal levels, the episode sums up that cryptocurrency has a transparency problem.

It’s great that Binance have survived this little “stress test”, but in reality, this never should have transpired in the first place. Until crypto companies bring their disclosures in line with what is presented in traditional finance, however, these episodes of trepidation will continue to pop up throughout time.

For its part, Binance has affirmed that it is moving towards more transparency. That is a great thing – and something the space desperately needs.

The post Binance’s proof of reserves auditor pulls report, what does it mean? appeared first on CoinJournal.

The GameFi market continues to prove popular with crypto investors, and MCADE, the native token for Metacade, is leading the charge. In the three weeks of its beta presale, the MCADE token has already smashed the $1 million barrier, making it one of the hottest new blockchain tokens on the market.

Metacade is quickly gaining momentum as gamers and investors recognize the potential to become a leader in the Web 3.0 gaming space. As a result, both are moving early to support the project to maximize their potential returns.

Almost 90% of the available MCADE tokens in the beta presale have been purchased at the introductory price of $0.008, leaving a small amount still available to intelligent investors. Once the beta presale is complete, MCADE tokens will remain open for purchase at the increased price of $0.10.

While this remains excellent value, the beta presale token price is 25% lower, promising an even better return to shrewd investors.

What is Metacade?

Metacade is the first play-to-earn (P2E) virtual arcade that harnesses the tremendous potential of Web 3.0 technology to build the metaverse’s premier gaming space.

Players can earn rewards in MCADE tokens as they interact with the platform. As well as earning while they play through success in tournaments and climbing leaderboards, players can earn rewards by sharing gaming knowledge, writing game reviews, and providing feedback to developers through the platform’s backtesting capability.

What makes Metacade unique?

GameFi-based apps are nothing new. Several gaming apps utilize blockchain but offer gamers fewer options or opportunities to earn than Metacade.

Metacade’s most significant selling point is the range of games available on the platform. Where many virtual gaming apps exist with either a single title or a minimal range to choose from, Metacade intends to host the most comprehensive library of titles of any metaverse gaming app.

In addition, Metacade isn’t simply a platform for gamers to hang out. Instead, there’s a significant focus on developing new titles unique to Metacade. Indeed, the platform supports game developers on their journey by offering them the chance to apply for funding through Metagrants to turn their plans into reality.

The platform’s greatest strength is that Metacade will put the power in the hands of users by granting them full autonomy on the direction the platform takes. For example, they will be able to stake MCADE tokens to vote on which games make the cut and go into development after assessing applications from developers.

Gamers can approve games they want to see within the community and not see the library full of titles they have no interest in or want to play. Indeed, the entire ethos of Metacade is to hand power back to the gamers. Metacade will remove barriers currently existing between gamers and development studios.

Metacade’s platform will undergo several iterations, each one bringing new features. For instance, there are plans for a career hub to link the finest new talent in metaverse gaming development with exciting Web3 companies.

The ultimate goal is to build a fully self-sufficient community with a flow of MCADE tokens from investors and advertisers into the wallets of developers, Metagrants, and players through rewards. By this stage, the plan is for Metacade to transition into a DAO, allowing the community members to build the best possible platform for gamers of all experience levels.

Why Invest in MCADE?

Blockchain gaming is a rapidly evolving industry with more than 2,000 percent growth since January 2021. Furthermore, experts predict that this growth will continue throughout the rest of the decade.

Metacade’s offering will position it at the vanguard of the metaverse gaming revolution, making the beta presale a wise investment. Moreover, with the price of an MCADE token at rock-bottom levels, there is substantial room for a significant and quick return on investment.

However, what makes Metacade such an attractive investment opportunity is the diverse and multi-layered roadmap that will lead to an ever-evolving environment. Unlike many crypto-platforms, which are limited by offering a single-use, Metacade has a unique longevity that will keep the platform growing in the future.

Here are some more details on how to buy MCADE.

The post Metacade Smashes Past $1 Million In Three Weeks – Here’s Why appeared first on CoinJournal.