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A public spat between the previous and new CEOs of FTX has lately hit the headlines, however traders haven’t misplaced confidence in the way forward for Web3. Metacade, a brand-new venture, helps the business transfer away from the FTX collapse, with important success already through 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 change in Web3.

John Ray lately 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 users’ funds if he’s critical about his intentions.

In response, John Ray known as Sam Bankman-Fried’s feedback “unhelpful.” It stays to be seen whether or not the current FTX information may have a optimistic end result for hundreds of customers that misplaced funds on the bancrupt change. Either approach, the FTX collapse continues to provide fallout for the remainder of the crypto markets.

Yahoo lately reported that BlockFi had over $1.2 billion in digital assets tied up in FTX and Alameda through the FTX collapse. BlockFi is a crypto custodian and cryptocurrency lending protocol that lately went bankrupt as a result of FTX collapse, citing overexposure to the change as a core motive behind its insolvency.

FTX information continues to make headlines as a result of in depth collateral injury of the occasion. As the second largest cryptocurrency change on the time of the FTX collapse, the platform had many billions of {dollars} price of person funds tied up that immediately and with out warning turned inaccessible.

What does the FTX information imply for brand new initiatives corresponding to Metacade?

The FTX collapse damage many Web3 initiatives, however Metacade has continued unaffected. In reality, Metacade continues to go from energy to energy because the MCADE token presale reaches its half-way level. 

Metacade has raised $7.6m in 14 weeks for the reason that presale went dwell. This is a testomony to the promising long-term potential of the brand new GameFi platform, which can grow to be the largest venture of its form that may be discovered anyplace on the blockchain.

There are elementary variations between a venture like Metacade and a venture like FTX. FTX is designed to carry digital belongings for its prospects, whereas Metacade is a decentralized utility designed to offer players with monetary rewards.

Metacade makes use of blockchain expertise to offer a safe and tokenized gaming expertise. Certik lately audited the platform to make sure that all good 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 most important arcade video games out of any current venture, with every title having built-in monetary rewards by means of play-to-earn capabilities.

Metacade is ready to revolutionize the Web3 world by turning 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 gives a complete GameFi expertise. Users can play solo and earn cryptocurrency rewards whereas progressing by means of infinite ranges in Metacade’s vary of arcade video games or be 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 critiques, share the newest insights in regards to the blockchain gaming area and work together with different customers, whereas incomes a crypto earnings.

The venture additionally shares new crypto jobs for Web3 with customers by means of the Work2Earn function. This will join customers to paid job alternatives with Metacade’s accomplice initiatives, 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 corresponding to Metacade may also help increase the use instances for blockchain. The venture helps to enhance sentiment throughout the crypto markets resulting from its distinctive and invaluable providers.

Not solely that, however Metacade can be a completely safe funding alternative and may also help to rebuild belief following the FTX collapse. Despite the fixed stream of FTX information, optimistic initiatives corresponding 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 for the reason that FTX collapse. The venture has important long-term potential regardless of damaging FTX information, as traders haven’t misplaced confidence in Metacade’s potential to ship a complete GameFi expertise utilizing blockchain expertise.

The MCADE presale will see the worth of the token rise from $0.008 to $0.02, so traders must be fast to purchase MCADE at the absolute best value. Without a doubt, Metacade helps to maneuver the business past the current FTX information and right into a extra optimistic area. As a end result, MCADE continues to draw main consideration for its distinctive capabilities.

You can take part in the Metacade presale here.