With over 1.4 million registered users, Splinterlands is a Pokemon type game that makes it possible to earn in-game currencies and use them to supplement your living expenses.
The days when your mum told you that you were wasting your time by playing that video game may be over. The world of blockchain and cryptocurrencies is being used by gamers to have fun and earn currency at the same time.
Splinterlands is one of the most successful play-to-earn games out there. It is based on a Pokemon type card game where you use the abilities of different cards in your deck to battle and overcome the cards in your opponent's deck.
- 750,000 users have purchased the spell book
- A little over 500,000 active daily users - one of the most used dApps in the world
- A region of land (containing 1000 plots) sold for $800,000
- The most expensive card in the game sold for $50,000
- Splinterlands uses the Hive blockchain which has no gas fees
In the past gamers across the world sometimes spent huge amounts of value on popular card games like Hearthstone. However, once you had spent the money it was basically gone and there wasn’t a way to earn on your play.
With Splinterlands, as well as earning in-game currency as you play, you can also trade your cards on the market, you can stake the in-game currency and earn yield on it, or you can rent out your cards, decks, land, to other players and earn a passive income on it.
Every time a player wins a game they earn cryptocurrency. Splinterlands ranks each player according to their success, and once you are able to rank your cards up, your cryptocurrency rewards go up. Doubling your rank octuples these rewards, enabling a player to really ramp up their earning potential.
According to the CEO of Splinterlands, who goes by the moniker of “Aggroed”, even players who aren’t at the top of the rankings are able to win around $4 a match. The game allows up to 25 rewards like this before the winning amount starts to taper off.
Aggroed makes the comment that many Splinterlands aficionados don’t even earn $100 a day and this amount is very significant. If you also factor in the NFT drops, governance token drops, and entry into tournaments, then the game starts becoming a very realistic way to earn a living if you live in the third world, and to perhaps pay the rent if you live in a first world country.
The Splinterlands in-game currencies are similar to those used by other popular blockchain games such as Axie Infinity, and Thetan Arena, in that there are two currencies. One is called Dark Energy Crystals $DEC, which is given in rewards for winning games, trading NFTs on the market, and for any other exchange-like function.
The other form of currency is a governance token called Splintershards $SPS, which, besides giving players a say in the future direction of the game, allows them to stake it and earn a passive income.
Both in-game cryptocurrencies can be sold on various crypto exchanges for other cryptocurrencies such as ETH, DAI, and USDT.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.