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Investors are looking ahead again as the most turbulent period of the bear market seems to be behind them. People are wondering which projects and which sectors could propel the industry into the next cryptocurrency bull market.
many people are betting game phi And two projects that could play an important role are Enjin and Metacade.
ENJ is a native cryptocurrency. engine networkEnjin allows developers to create or create digital assets for use in blockchain-based games. The way it works is that ENJ tokens are locked into the game assets themselves. This helps provide instant liquidity when users trade assets while playing. For game developers, this is extremely useful.
A fully functioning in-game economy underpins the entire GameFi industry. In most blockchain games, every digital asset has a specific in-game utility. Players trade these assets on her integrated NFT marketplace to access new features and unlock unique customizable items. This blockchain functionality provides a natural way to generate liquidity and can be used to offer crypto rewards for players’ time spent gaming.
Enjin was a game company before stepping into the blockchain world. Founded in 2009The Enjin Network was created to provide an easy way for developers to create assets on the blockchain. Especially used for gaming purposes. Blockchain games rely heavily on ring-fenced virtual economies, so the types of services Enjin offers are very important.
Locking ENJ to digital assets provides instant liquidity and enables instant NFT trading. In addition to this, ENJ is also used to pay for transactions and smart contract fees on the Enjin Network.
Enjin has actively promoted the GameFi industry since its blockchain launch in 2018. By making blockchain game development more accessible, Enjin has enabled a new wave of online games that reward players in ways never before possible.
Currently, platforms such as Axie Infinity and Splinterlands are Widely used application Built on-chain. In-game economies, such as those facilitated by Enjin, remain at the heart of what they do. Today, the total value of all blockchain-based games exceeds his $8 billion.
As GameFi continues to shake up the wider gaming industry with its unique features, new titles are being developed that are set to attract more fans over time. His one such project is Metacade, which works a little differently.
Metacade It offers brand new features for GameFi enthusiasts. Gamers can get together and share knowledge about their favorite titles. This includes all our tips for maximizing your cryptocurrency earnings and getting the most out of your playing experience.
Users will not only be able to connect with people on the same journey with similar interests, but also earn MCADE token rewards by providing value to the community. By sharing great insights and helping others discover new ways to enjoy blockchain gaming, users can earn rewards on her Metacade.
Metacade gives users access to exclusive tournaments. Hosted on various top GameFi project platforms, these tournaments allow players to tune in, start playing, and earn lucrative rewards for performing well.
In addition to this, the Metacade community will have unique employment opportunities at Web3 in the future. To build the latest play-to-earn titles, game developers are looking for enthusiastic players who can test their games before they are officially released. Metacade can connect players to dedicated test roles directly on the platform.
Players will not only be able to build direct relationships with the developers of brand new games, but will also be able to earn MCADE tokens as a reward for testing and providing feedback.
Metacade plans to become a decentralized autonomous organization over time (Dao). MCADE holders can use their tokens to vote on governance proposals. The future of the project will be community driven, giving gamers more power and promoting a more democratic approach to gaming.
One of its key elements is the Metagrants program. Developers can submit their proposals directly to the community, the community can vote for the best, and the platform can provide financial support. In this regard, members of the Metacade community contribute to the future of GameFi at the most basic level.
Enjin and Metacade are two independent projects, each significantly supporting the growth of blockchain games. GameFi continues to revolutionize the wider gaming industry with features that traditional titles can’t match, and ENJ and MCADE will likely be major players as the industry approaches the stage of global adoption.
For now, both tokens look cheap. These bear markets may represent the best buying opportunities. This is because it is always true that good projects will continue to be built for the future, regardless of current asset prices.
ENJ is $0.43 and MCADE has just started its journey in this space with a pre-sale event. These are the kind of occasions people call once-in-a-lifetime after the expected explosion occurs.
Gamers are naturally drawn to the possibility of earning while playing. Metacade offers a unique opportunity with an initial token price set at just $0.008. Over time, this increases, so it’s important to get it early to get the most out of it.
You can participate in the MCADE presale here.
