Splinterlands: Future Farmers

The decline in asset prices not only in the cryptocurrency markets but also the Splinterlands ecosystem has been surprising for me this year. While I did expect a normalization, I could not foresee the pace of the declines after what was an extraordinary push higher for many metrics across the ecosystem. Seeing the multiples in growth in the Splinterlands player base was impressive and while I knew it was influenced by bots, I thought it would be more sticky over time.

Seeing the active user base down so much in the same time, made me recognize that it will likely be a while for a rebound as the team works their adjustments as the players remaining look towards a decentralized governance approach soon. This could be the beginning of opportunities in the future. One such could be the card market as it continues to get flooded with reward cards even after some adjustments to slow their inflation rate.

I have not seen prices on cards like these since the very early days of the game when there was no game play yet. It took time for players to realize the deflationary aspect of the card market over time as many were combined or even burned. This trend will surely continue given recent announcements and previous statements on how cards will interact with lands and now the Tower Defense game. Therefore, the most useful asset in the game will continue to be the individual cards.

My other thought is that I have never regretted buying cards and proof could be that I have never sold one either. I have traded some to improve or complete my Collection, but never a sale. I recall other times when prices dipped and I went out and purchased some cards that today would be impossible for me to get given their rarity and value; for example, my Prince Julian was purchased for less that’s $250 and was the most expensive card I had ever bought. No regrets!

Therefore, I have started to buy at least 100k DEC worth of cards at the end of every Season now. The thought is to continue building my Collection and to accumulate the future farmers and/or workers of my towers and land. They also continue to add to my passive income approach with rentals which despite the ups and downs continues to provide utility to holding cards. Building is never so obvious until it is too late but it feels that there is no bad outcome for some of these prices given the continued utility cards will present.

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