For those who have been hearing NFTs being the latest craze you maybe wonder right after you purchase the NFT what utility is there for holding it. 99% of all NFTs out there currently do not hold any utility. This defeats the purpose of holding the NFTs and expecting prices to appreciate. On the other hand the very few NFTs that have functions to them are fairly unknown or within niches. One of those is a game that has been in existence for over three years, the game is Splinterlands. Rather than going through what the game is I will go high level as to how valuable the game is today and what is in store for future updates.

Like the old saying goes money do not grow on trees and neither did Splinterlands. When it first came out and for majority part of its existence the game net worth in assets were in the borderline of $20 million. Do not get me wrong, $20 million is a lot for a game but putting it in perspective there are well know crypto game assets in the millions such as AXIE Infinity and Gods Unchained. So why is Splinterlands not as valuable?

The answer lies mainly in the developers of the game wanted organic growth. Chart above illustrates that majority of the time Splinterlands card assets in total was under $20 for much longer than where it is currently. Currently $247 million and continuing to rise. That is right more than 10x in value are the total cards in the game. In less than six months the game is now played with over 700k paid accounts and over 100k of active users.

There is more than just owning cards, players can lend the cards to others and earn passive income. A internal to the game mechanics for players to delegate or rent out their cards to other players in return get paid in game tokens called DEC. Due to end of season players push to earn more rewards the rental market is at all time highs.

Today alone there will be $143k in rental cards, an all time high. This means players who are renting their cards out as a group are earning $143,000 today alone.

Splinterlands on top has a governance token that has been airdropping for more than three months and still has nine months to go The players who can receive airdrops are the ones who own Splinterlands assets such as cards, lands, in game tokens DEC, and other related to the game assets. The governance token if staked will also earn more for players. Currently over a 50% APR.

Every day for the next nine months players can go in game daily to collect their air drops which increases their total amount of crypto earnings beyond that of cards and playing the game. Currently there is 240 million of governance token SPS in circulation and each token is worth over $0.50. This leads to $120 million in SPS assets.

Speaking of which play the game and winning will earn players reward chests and in game tokens called DEC. The token is already listed on coinmarketcap. In addition multiple exchanges has the token tradable. In game players who play ranked battles and win they will earn DEC tokens. Accumulate the tokens to either purchase other in game assets or trade it for other cryptos as currently each DEC is worth more than $0.01. Alone there is close to 3 billion DEC tokens in circulation leading to over $30 million.

Both SPS and DEC total market cap is not even included in the $240ish million we mentioned earlier in regards to cards in circulation. Add up all that it is nearly $400 million in Splinterlands assets. But wait there is more!

A game expansion will occur sometime in middle to late 2022 that encompasses Splinterlands lands. Currently 1 land plot is selling close to $700. There are 150,000 land plots and all have been sold. However  players can still purchase land between each other on the open market. Recently a region, which contains 100 lands plots sold for a whopping $700k.

https://ecency.com/hive-13323/@mawit07/splinterlands-region-plot-lands-sold

Therefore 150,000 x $700 is equal to $10,500,000 of land assets. that is $10.5 million on top of everything else we have mentioned.

The list actually goes on as there are card packs and card skins and other tokens associated to Splinterlands that has some value.

So now you seen how much market cap the game has you may want to try it out for yourself. The game is free to play but in order to earn rewards and Splinterland assets you have to invest at minimum $10 USD to purchase a spell book.

If You have yet to take part in playing this great game called Splinterlands please click on my referral link</a>. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards.

THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!