SPS token drives renewed interest in OG Play-to-Earn game
Collectible card trading game Splinterlands has become the most active blockchain game, having accumulated over 388,000 unique user wallets in the last 7 days. The introduction of its native SPS token earlier this year launched the OG play-to-earn game to new heights.
Splinterlands is way out in the lead having increased the number of unique active wallets interacting with its platform by 6% week over week. Leaving the previous leader Alien Worlds for dust. Interestingly, we see all greens in the gaming charts amidst heightened interest in dapp games offering DeFi mechanics and token rewards.
In the last 7 days, Splinterlands attracted 389,070 wallets that completed a whacking 14.8 million transactions. Importantly, a transaction in a dapp game can represent a simple in-game action, such as opening a loot box, performing an in-game move, or buying an NFT. Think of all the times you need to press yes, next, or done in traditional games. In blockchain games, a transaction takes place every time.
Splinterlands announced the arrival of a new core set of cards and the upcoming presale so that players can be well prepared before they drop. The Chaos Legion presale will allow players to purchase packs before the set is released and before the packs can be opened. Packs will be priced at $4.00 each during the presale and will be able to be purchased using three in-game currency options: Credits, DEC, or SPS, and there will be a 10% discount for any presale pack purchases made using the SPS token.
One cause for the increasing number of users interacting with the platform can be the addition of a staking mechanism to earn VOUCHERS. A system designed by the development team to incentivize behavior that they want its community to engage in. Namely, staking SPS tokens for a long time. On top of the purchase price, players will need to spend a new VOUCHER token for each Chaos Legion presale pack they wish to purchase. 33,333.333 VOUCHER tokens will be created daily over the course of the presale period and will be awarded to all players who have SPS tokens staked in their in-game account. In a nutshell, if you don’t purchase and stake SPS you won’t be able to get a pack of Chaos Legion cards. A pretty shrewd, but calculated move from the team.
The introduction of the SPS token has taken Splinterlands to new heights in 2021. Having launched the game well before any real hype around blockchain gaming or gamified investment became a thing. While they didn’t have a native token previously, they did have a strong community of engaged players on which to launch one.
Moreover, we see positive SPS token price movement in the last 7 days. Possibly, in part, driven by more people buying SPS in order to stake it and get involved with the pre-sale. As one of the original play-to-earn games, with a strong team and vibrant community. It would make sense that savvy investors have earmarked it as a long-term winner.
According to the latest DappRadar User Behaviour Report, the industry’s interest is shifting towards games. The number of Unique Active Wallets connected to game dapps increased 64% month-over-month, whilst DeFi and NFT unique wallets increased only 3% and 6% respectively in the same period.
The world of DeFi is complex. Epochs, bonded staking, and liquidity pooling are just a few of the jargon associated with the sector. GameFi is attempting to open up the highly successful world of DeFi opportunities to the masses through a more visually appealing format. One that importantly sidesteps the jargon and pulls the real world back into the frame. Opening up gaming and blockchain to an entirely new audience.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in ETH, BTC, ADA, MATIC, SAFEMOON, HEX, LINK, GRT, CRO, OMI, USDT, SOL, SHIBA INU, AVASTR, RAY, BOSON, AND OCEAN