Blockchain has been expanding into the gaming platforms. GameFi is now an industry for the gamers who want to make use of the crypto and the NFTs for the gameplay and earn the rewards for spending your time within the game. There are some of the platforms coming out which hold the portfolio of games and monetize it based on the pass.
I recently learned about the platform called Metacade. This platform allows you to access the portfolio of the games using the pass system. The portfolio of the metaverse is likely to be there too. So single platform pass would be able to let user go into a journey of the games and web metaverse.
Let's take a look at the Meracade platform that is in the P2E space.
What is Metacade? How does the platform works?
Metacade is like an arcade building. You have variety of games in the building to play. You pick the pass and play as long as the pass allows. And each time you want to try specific areas, you buy the pass and play those respective games. Same logic has been used by the Metacade and they are alowing the platform to be either in guest pass or they can be pay per access pass.
In this platform, you have web3 and GameFi marriage in one place. Where you can see you would be able to use the web3 wallet for access and also for earning the tokens into the web3 wallet. And also the GameFi system where you would find the ability to use NFTs, play to earn rewards, tournaments and other gameFi features.
Check the platform's whitepaper here.
How does the Play to Earn works in the Platform?
Let's say I want to play one of the game like say Ember Sword. This game can be useful for the NFTs and also for the gameplay wise it had some levels where you earn the rewards inside the game. These rewards would go directly to your web3 pocket. Which you can use as you please within the game and the platform access pass when as required.
It makes use of the sequence wallet SDK. This is a Solana dominated authentication system. That also allows the emails, web3 wallets like sequence and other generic wallets to login. Once logged in you can then get access pass and play the games for earning the play to earn rewards for the specific levels along the way.
You can check that out here.
Metacade Staking Pool 2
Metacade is not just another gaming platform. But they have their own tokens and also they are coming up with the Decentralized staking pool. So it is turning out to be a complete ecosystem with the portfolio of games around their DeFi system. Metacade is indeed turning out to be a good solution for the investors who want those multi platform solutions for GameFi.
Considering the system is still yet to be launched they have put up a utility page. You can check that out here. This page would further in near future would show you the staking pool and the coin burn, liquidity and the stake options. You can choose to either earn or HODL the tokens as you please either way would let you earn the rewards along the way.
Metacade is turning out to be a good play to earn access pass system for the gamers. This GameFi platform has a potential to make money for the gamers who wish to play portfolio of games and enjoy metaverse under single paywall.