Should SGS Buy Land in Splinterlands?
The Silver Gold Stackers Community already owns a decent number of Non Fungible Tokens (NFTs) in the Splinterlands ecosystem in the form of Monster and Summoner cards which can be used to Battle and earn Rewards. We have earned a relatively decent passive income off these NFTs for some years now and while Splinterlands Gaming is not really “Core Business” for @ssg-community, it’s been nice to have a bit of extra passive income generated from these NFTs.
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The Splinterlands Developers have been releasing new Land Functionality in recent times and I have been wondering if this is something that SGS should continue to diversify into by buying some land. My instinctive thought is “NO” because investing in random side projects is a very slippery slope and it’s not what the @ssg-community account was created for. However I could also make the argument that buying Land in Splinterlands is a sensible diversification and complementary for the NFTs that we are already holding.
For those who aren’t familiar with the Land Functionality you can Stake Workers onto a plot to earn additional rewards. Commonly this is done with Monsters (NFTs) that have fallen out of the Meta and aren’t useful in battle any more....and yes, SGS holds a few of those. So it might be a way to generate some extra income off those older cards that aren’t seeing much battle action in the current game. SGS also holds a lot of Beta Edition cards, which get significant bonuses when placed on Land.
It’s a tricky one and I could make a solid argument both for and against. What do people think? We have put some funds into HBD Savings to earn 20% until it’s needed to support leases in 2024. Could Land be a better spot to park some of these funds?
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If you believe in the long term of the game then land will provide a passive income source for the life of the game. If you only get one plot however you're pretty much going to be obligated to just harvesting grain. It's actully a rather low cost investment for one plot of common land. Monsters, land and DEC you'd be looking at about $100 to get up and running. Beta cards also have a nice bonus on them.
I like the game long term and am investigating and investing cautiously myself. However, the @ssg-community account is not just about me. They are community funds.
very true! I'll be eager to see how it turns out. I may have a plot I'd be willing to sell in 102 ;)
I don't know enough about lands to say with absolute certainty. What I would do is weigh the ROI you hope to get from lands, lower that estimate by about 30% to be conservative, and factor in how likely that is sustainable long enough to recoup costs and start turning a profit.
A lot of it's a gamble. I don't see the 20% interest on HBD changing as much as the income generated from lands.
Yes, there is risk involved here which is why I am a bit wary. The 20% from HBD is definitely the safe option.
I'd say stick with the safe option if it were me, or only commit maybe 10-20% to lands, so if it's a flop it's not a loss you can't recover from.
I would say no. But I am bearish on Splinterlands. I think all the bad decisions, especially since CL, are going to be really hard to come back from. Also, Land seems very much a numbers game, like dcity. If anyone wants to do well in that, they need to be good at working out the numbers in spreadsheets.
If SSG is looking to diversify then that should be into more safe things, I think.
So my vote would be no. But then again, if someone thinks otherwise, I'd be more than willing to listen to their argument.
I am a bit more optimistic about Splinterlands but you do have a solid common sense comment. Thanks for sharing.
Yea I’m a hard No.
I gotta agree with this ⬇️
“investing in random side projects is a very slippery slope and it’s not what the @ssg-community account was created for”
Depends is the ROI over 20% 🤣
If the prices hold I have the ROI at about 30-35%...but there is some risk to be considered.
Dunno, I'd say go in something new like holozing which has more fomo 🤪 Or we can just buy more hp with the monthly profits from the 20% which sounds like a sure bet ^_^
I can't really say since I haven't got around to enjoying the game. I haven't even gotten around to opening the packs I have. For now I'd tend to hold it in reserve.
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You talked about staking workers
How is that done please?
Not sure but might be worth the gamble. Hard to not just take the 20% while it lasts. I'm sure this comment is of no help at all. :D
I’m not to sure I’d buy land. Unless you are going to spend all the time managing it, there won’t be a long term benefit.
I think it'd be a little bit of work to set it up but otherwise would be a fairly passive revenue stream and not needing much management.
I Definitely gotta vote NO
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I'm a little bearish on Splinterlands, I still play but I didn't go into land. I would say no because I'm not sure they're going to hold their value.