Blockchain technology is evolving quickly and exposing new innovative areas that are applicable to human existence. The advent of Web3, with its associated metaverse and NFT technologies, has unlocked a new phase of innovations.
One industry that is undergoing significant innovation with the metaverse expansion is the blockchain gaming industry. Many projects that are changing the human experience in blockchain gaming and online gaming, in general, are springing up by the day. One of the popular games in this category is Minecraft.
What is Metacraft (MCT)?
As mentioned above, Minecraft has become one of the online games that is changing the human experience in the gaming industry. To achieve this status, the original Minecraft game had to scale, to become a truly decentralized protocol that offers more value to players.
Metacraft is a metaverse protocol that is based on Minecraft. It is the gamechanger for the Minecraft ecosystem. Metacraft enables Minecraft’s connection to the blockchain and makes it possible for asset protocols to be developed for the ecosystem.
How does Metacraft (MCT) work?
Metacraft is the platform token that makes it possible to tokenize and exchange Minecraft’s in-game assets. It is the link that binds Minecraft’s community together, enabling them to build a multi-worlds game.
It is the fundamental tool behind the play-to-earn feature of Minecraft which allows skilled players and game creators to earn value. Then, it also functions as a governance token that powers Minecraft’s metaverse-based community.
Metacraft (MTC) price prediction
As of the time of writing, the Metacraft token traded at $0.7789, having gained close to 10% in the last 24 hours. Future conservative predictions expect the price to reach $2.86 by the end of 2023. In 2024, the price is expected to continue to rise, reaching a target of $3.69, while in 2025, a price mark of $4.77 has been predicted.