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Founded in 1993 by brothers Tom and David Gardner, The Motley Fool is helping millions of people gain monetary freedom through our website, podcasts, books, a newspaper column, a radio show, and premium investment services.
If you started buying crypto at the end of 2021, as I did, all of your investments are probably much less expensive right now. My only bright spot in the crypto world is Splinterlands. a token called Splintershards (SPS). I say it’s “loose”, and it is, but damn it, you must invest $10 in this game and buy the summoner’s spell ebook.
At the time, I didn’t know I was making an investment. I was betting on a cool game and it was a lot of fun. And I kept running into monsters that I’d never noticed before, and they were killing me. say “monsters”, but you can fight one or two humans, such as a random pirate or an evil doctor; it’s a bit like the canteen in Star Wars). ) Anyway, in early 2020, I paid $10, and that opened up the total game.
It is vital to purchase the summoner’s spell book, as that is when you start earning cards that you then possess. increasingly rare over time, expanding their value. In fact, due to the dynamics of the game, the maps are destroyed all the time. The result is that the remaining cards can and will accumulate particular value.
After betting on Splinterlands for more than a year, until July 2021, I accumulated a lot of monster cards. And they were valued at $2,000 on third-party sites where other people can buy, sell or rent the cards. I am super satisfied because my base charge is only $10. You can read all about this fun in my article “The Future of Gaming”.
I was excited because I saw that a major trend was forming. Gamers had gone from putting coins in video games in the twentieth century to playing loose games on our iPhones. And now we are at the beginning of a new change: betting loose games on the blockchain and obtaining NFT assets that are gaining value. Making cash betting video games? It’s a change.
In the following months, Splinterlands began to gain popularity. More and more cryptocurrency enthusiasts were betting on the game. I kept winning monster cards. And in September, my collection was worth $12,000. On Halloween, my cards were worth $17,000, the value of a used BMW.
Why did the value of the cards skyrocket? Due to the influx of new players, the accumulation of demand and the reduction of supply. In January, I wrote, “Splinterlands has over 300,000 users. ” joining cards together to make our monsters more resilient (thereby reducing the number of those cards in circulation) has caused a massive increase in valuation costs.
Anyway, it’s time to release a new monster pack. Since its inception, Splinterlands has released several series of new playing cards. The first edition, the Alpha cards. Then, the Beta cards (which were the same monsters as the Alpha cards, only more beautiful). Then there were the promotion cards and the reward cards. Then they took out a deck of Untamed monsters, which is great. And then a deck of monsters Says.
Therefore, the number and variety of monsters continued to increase. The new decks build the general source of monster cards and, as any monster economist would say, are inflationary.
In January, the game had 10 million weekly visitors. This coincided with the release of a new main deck, Chaos Legion, which even won a cool video (unrelated to the actual game). Players were very excited about a new monster edition. But Splinterlands was also looking to have enough cards in flow for beginners to play as well.
Flooding the game with new monster cards is a bit like the Federal Reserve flooding the country with money. With an immediate accumulation in the number and types of game cards, there has been an immediate reduction in the ratings of individual cards.
Now, in May, my cards cost around $7,000. Damn you, Dr. Blight!
That’s why you may need to introduce your children to Splinterlands. (And why you might need to play it yourself!) First, it’s a wonderful advent to inflation and deflation, and you can have conversations about it. Second, it is Advent very useful to the world of cryptography. I’ve learned so much about the mechanics of the Splinterlands crypto universe of gambling that it’s not even fun.
The main reason, however, is that this fun and exciting game costs very little in cash. It’s easy if you don’t need your kids to make money. And it costs $10 if you do. I highly recommend that you shell out the $10. Let me put it this way: I recently added Splinterlands to my inventory portfolio, so I can stay with the case too. It’s a card strategy game, so it’s probably not to everyone’s liking. . On the other hand, if your 10-year-old has a knack for this game, he can also pay his school fees in 2030.
Market knowledge driven by Xignite.