Friday Finance 9/9/2022: It's all about gaming
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.
A couple of big things happening this week. The first is probably the news from the Splinterlands team. I will get to that in just a bit. The other bit of news would be the price of BTC. We saw a drop down to the $18K range this past week. I have a feeling a lot of people might have thought a new bottom was going to happen. It seems to have rebounded, so no fear of $12K or whatever it was for the time being.
Splinterlands
In case you have been living under a rock, there was some big news from the Splinterlands team this past week. The next small card expansion is going to be starting a presale next week. What used to be referred to as Rift Watchers has been changed slightly to Rift Gems(?). I'll just refer to them as "rift packs" from this point forward.
T-minus six days or so to the launch of the packs. There will be 500,000 packs that are part of the initial presale. General sale of the packs will take place about a week later with a cap of 3 million packs I think.
The biggest change is the fact that you will need vouchers for every single pack you are buying. I have seen a lot of people get this wrong already. They have posted that you just need them for the bonus packs. That isn't the case. You need 1 voucher for every 1 pack you plan to buy.
Speaking of vouchers... I've been watching the price of them very closely. It was just a short time ago that the node licenses launched and the price of vouchers were on a rocket to the moon. I sold a decent stack of them and then bought back when the price dropped back down. It ended up being pretty lucrative for me. I plan on doing the same thing this time.
I've already seen the price of vouchers do a 2x since the beginning of the week. It will likely go higher as we get closer to rift packs selling.
If you aren't interested in buying cards, but you are holding some vouchers, you should definitely consider playing the voucher market. Do your own research of course!
In addition to that, Splinterlands also announced their plans to launch a tower defense game. I'm kind of on the fence about this one. Tower defense games feel a bit last decade to me, but I have been told that there is still a huge draw for them on mobile devices.
If that is true, I can't really argue with the logic of them wanting to put one out there. I'm a bit of a degen with anything Hive/Splinterlands, so I will likely buy some packs no matter what. As much as I might not agree with the move, I still trust their judgement.
Whether or not I actually play the game will be another story. As someone else mentioned, I already play enough games, I am not sure if I need to add another one to the "login and click" list.
R-Planet
Speaking of more games to waste my time on, I found out the other day that I was one of the lucky few chosen for the closed alpha release of R-Planet Conquest.
It starts on Sept 22nd and from what I have read it is a mobile game that is an all versus all arena battle game. Once there are 100 survivors left, those remaining few will get some free prizes. I haven't read anything else about the game yet. I expect that I will be one of the first few out of the running. I suck at strategy and there are a lot of people out there who have way more invested in R-Planet than I do.
I think this could be good for the R-Planet ecosystem as a whole. Wax has needed a good mobile based NFT game and this might just fit the bill. Similar to Hive, it only takes that one killer app to bring the masses in.
Fingers cross this will be it!
Sports Talk Social - @bozz.sports
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Rift gems?! i prefer watchers! !LOL
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Yeah, I am not sure. If you go to the Splinterlands site the splash screen says "watchers", but the tab at the top is labeled as "gems".
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I sold some vouchers recently, so may have got my timing wrong. Never mind. Mobile games seem to be the big market these days judging by how many people I see playing them. They ought to be playing Hive games.
What would be even better is if Hive could get games native to mobile devices instead of being browser based. They need better wallet integration before that can happen though. I am hoping vouchers go up a little more in the next week.
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Same thoughts on Vouchers! I wish I had bought them at a lower price last time. !LOLZ
!CTP
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That sounds like a smart plan.
The Splinterlands news is good and I am saving my VOUCHERS right now. I will probably sell them as the date gets closer as well. As for what happens after I buy them back, I would probably invest the remainder into the VOUCHER pool.
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I see they have another announcement coming tomorrow, so we will see how that changes my plans.
I don't have any vouchers but I do have a stash of 23 CHAOS packs that I am holding onto. I looked yesterday when I was doing some buying and they're worth about 77 Hive right now. Not too bad but I can hold out longer.
Splinterlands is doing alot of changing recently.
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I think you will be happy that you held out. I am sitting on a stack of them too.
Part of it is I don't want to buy the potions on the off chance it might get me better cards. Not exactly a gambler. LOL
I opened some packs late last year. Wasn't thrilled with the results.
I think the impact is pretty negligible, but I always buy potions when I open packs. I have 100k credits sitting in my account just waiting to buy pots.
If you have the credits you might as well use them especially even if they help a little.
I know this is coming very late. 😂 But no worries, I honestly do not understand what is going on here. Except I know that those are gaming stuffs.
Well, maybe I wait till Friday for what may concern me..🤣
They are in the process of announcing a bunch of stuff right now.