Why Splinterlands Economy is Quite Sustainable?
Splinterlands is the popular collectible card gaming platform on the Hive blockchain and almost every user knows about it or plays this game. It is a Play-to-Earn game and contains a diverse economy that allows players to engage in different in-game financial activities.
The economic structure is built to provide different services to both players and non-players, one doesn't need to be a player of the game, but that can be an investor, trader, or 3rd party service provider also. The game has been actively participating in the market charts since 2018 and positively maintains its economy with high spirits despite ups and downs in the crypto world. Many web3 games were developed in the past but only a few could survive. What drives a web3 game is its in-game economy, if it is not developed to satisfy investors, the end result is the collapse of the economy. Today we look into the major factors that make Splinterlands economy a sustainable model and how it provides value to its investors. ## 1. Selection of Blockchain Matters
## 3. Preserving SPS Tokens in Staking and Liquidity Pools
4. Market (Sales and Rentals)
Market is the heart of economic structure for a Web3 game, it is nearly impossible for a Web3 game to stay in the business without a market. The market is a core part of the economy, a web3 market creates a connection between consumers directly, this way they can put their assets for selling and rent out to other users of the game. The market is the driving force of Splinterlands economy, Splinterlands market is one of the most active economies on Hive blockchain which generates around $5000 to $50,000 of cashflow every day in the game and assets sales outside the game economy is also generate a big amount of cashflow as well. Another reason for a sustainable economy is that Splinterlands charges quite a low fee on listing assets in the market compared to similar existing web3 games.
## 5. Open API for Secondary Markets and Services Splinterlands believes in an expandable economy and likes to create secondary markets through its API (Application Programming Interface) which is open source and easy to hook up with. There are currently more than 5 secondary card markets outside of Splinterlands that provide rental, sale, and bot services to many users. Extending the economies outside of its domain also tells the strength of the game and creates confidence among service providers. The secondary service provider generates thousands of transactions per day and becomes a part of a sustainable economic model.
6. Future Game Expansions
To keep the players on a roller coaster of engagement, the Splinterlands team is trying to add more features and side games to provide more ways of earning.
Currently, the team is working on Land and they are about to release Phase 1.5 which will enable the users to generate more income from the land plots along with existing SPS rewards.
SoulKeep is another game project attached to Splinterlands that will be released in the near future. It is a tower defense game that will bring more players to Splinterlands.
The new projects are the best way to attract new users and developers are also showing their users that there will be a lot more to see in the future.
It has been around 5 years since the launch of the game and it has given a lot of rewards to its users during that time and it keeps delivering the best presently.
The factors we discussed here are the driving force of the economy and we can say that Splinterlands' economy is quite sustainable as it has seen the worst market times and low-highs. Yet, it has survived and keeps delivering stipulated products and services to its huge user base.
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