Splinterlands Earning Tripod - GameFi, SocialFi & DeFi
It has been popularly held that all work without play makes Jack a dull boy and all play without work makes Jack a lazy boy. However, with time and technological advancement, the narrative is changing. Jack can now play all day and he's not called "lazy" since he'll be able to cash/earn from his play with Play-to-earn games. In fact, Play-to-earn games is causing a huge disruption in the world of work and now, everyone wants to be as playful as Jack when it comes to Play-to-earn.
Amazingly, some of the play-to-earn gams allow for passive participation of players yet with high returns for the time spent or the gaming skill engaged. Others even write about their gaming experiences or that of others to earn. All of these opportunities exist within the Splinterlands gaming ecosystem.
Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.
Splinterlands, built on the Hive blockchain is a leading play-to-earn game with top ranking global stats number of players and transactions. Players have cashed millions of dollars over the Three (3) years of Splinterlands existence.
The Splinterlands ecosystem is robust with a number of digital assets that players and investors can profit from. Amazingly, the Splinterlands assets top in the Hive-engine market in terms of 24 hour trading volumes. The Splinterlands game assets including SPS, DEX, VOUCHER, SPT and more are utilized in several earning options available in the CryptoVerse. Some of the options are GameFi, SocialFi and DeFi.
GameFi earnings in Splinterlands
The in-game earning opportunities in Splinterlands allows players to buy and trade their digital cards and NFTs. Players who participate in battles an tournaments, earn pooled SPS and DEC rewards for their time and skills based on their ranks. The assets can also be rented to other players to earn DEC.
Rental prices do vary from the beginning to the end of the season so you might want to check in on those. The best tool to handle your rentals is the 3rd party market called peakmonsters.com.
HODLing some Splinterlands assets also help a player to earn some passive income like in the ongoing SPS airdrops in proportion to DEC, SPT, SPS and others held.
SocialFi Opportunities in Splinterlands
Hive blockchain allows for tokenized layered communities where content creation and curation are monetized. Splintertalk is one of such layered outpost communities where Hive users create Splinterlands related contents to earn SPT token. The content consumers who stake SPT token also earn curation reward from the amount given out to content creators.
This earning option on Splinterlands is open to any Hive user that can write, not minding his proficiency in playing Splinterlands game. SPT token can also be earned for engaging other users' content in terms of comments.
DeFi Opportunities in Splinterlands
Decentralized Finance (DeFi) has come to stay in the cryptoVerse. Here, participants provide liquidity for asset trading pairs so that traders can easily swap assets. The liquidity providers thus earn a fraction of their assets so staked in the pools or other assets in proportion of their liquidity sizes.
DeFi options for Splinterlands are available on tribaldex. With 14 pools for SPS token (7 of which gives LP rewards) and 6 pools for DEC (3 of which gives LP rewards), Splinterlands assets account for over $10 million worth of liquidity on tribaldex.
The wrapping of SPS on the Polygon network via the PolyCUB DeFi by @Leofinance is expected to be another big addition to the DeFi opportunities of Splinterlands. This would help spread the reach of Splinterlands to the Polygon blockchain users and that means an increase in the userbase of SPlinterlands
In this post, it was explained how pSPS would help to deepen liquidity in PolyCUB. The Splinterlands community has been identified as a home of crypto whales, thus the addition of pSPS to the PolyCUB vault would mean an added source of income to SPS holders who are believed would be able to battle for a huge proportion of rewards with their huge governance stake and voting.
It's just the dawn for Splinterlands. It is more than just a game. Splinterlands is evolving to be a hub of multiple earnings and wealth creation for game lovers with its GameFi, SocialFi & DeFi opportunities.
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Thanks for sharing! - @alokkumar121
SPS is getting all over DeFi and I am expecting that it will grow even more in the coming months. Exciting times ahead.
Thanks for the curation @alokkumar121. It's amazing how Splinterlands would aid Hive mass adoption.
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