NFT as a concept is the easiest thing to grasp in crypto, forget the fact that a lot of projects out there make it seem complicated, at the root of it, it entails creating a digital item on a blockchain that proves the sole ownership of that item. This is the technical part of it.
There is the economic part to it, this is when we start to talk about market, demand and supply, rarity/scarcity and utility. Splinterlands cards are designed to fulfill each of these ideals, no two cards on Splinterlands are the same, each card has a unique identity and utility.
Demand is based on the utility of the card in battle, some have rare abilities that have direct positive impact on the outcome of the game and are very sought after, while some are best combined with others for more effectiveness, every card type is limited in supply, number of supply varies, multiple cards need to be combined to upgrade them, hence inflow of demand is constant.
This is very different with other NFT projects with values tied to superficial beliefs and promises or perception or speculation.
I remember when I first began to get a glimpse of what Hive really entailed and couldn’t shut up about it everywhere I found myself and most people will look at me like I’m saying gibberish, Splinterlands is at that point for me now. It has kept me close enough to the crust of the cake of what NFTs entail.
But this is not to say that Splinterlands is the only NFT game that is complete in itself, there are myriads of projects out there with community that understand the utility, the thing about these projects is that you might never understand them if you’re not an insider. So you’re minting in hopes to mint something rare in a collection that may or may never take off.
You know how empty barrels make the loudest noise? How projects with no tangible utility come out with all the noise and all the pumps to get the attention of people who aren’t paying attention to get them to buy in and after few weeks their money dumps as much as it pumped and they have nothing to show for it?
That’s what a lot NFT projects are, what you’ll hear about most of them is that they have a community and pretty much nothing else, perhaps some have tangible plans down the line, but who’s going to be banking on wishes when you can be balling with an already established valuable project? I won’t be banking on wishes.
I’ve been writing about Splinterlands for over 2years now but each time, there’s always something unique to be discovered. Hence, it’s my pleasure to document, analyze and anticipate the growth patterns that may help us position ourselves at the front seat of the projects success while having fun.
