Building a Passive Income with NFTs in Splinterlands
I have been playing Splinterlands for around a month so far and the game is really rocking. I love it big time. I am playing every day and grinding out the rewards as best I can. In the meantime, I have been exploring the Peakmonsters website and have been purchasing some NFTs (cards).
Any spare crypto that I have I have been investing in DEC and looking to buy more cards that can provide me with some passive income. I have also won some other cards as I have been playing. I was lucky to win my first legendary card at the end of my last season and rent this card out for around 20 DEC per day.
This works out at 0,025 Hive per day or around 0,75 Hive per month. This may not sound much but if I can multiply this a few (thousand) times, this could be a nice little earner.
I have been trying to tell my investor friends to take a look at NFTs, the returns are looking pretty great but they are very skeptical for some reason. They were happy to buy UST, but NFTs they don't seem to like.
So far I have 75 cards available for rent and a typical snapshot from today shows a value of $28,32 at market prices. This is providing an income of 80.346 DEC/day out of 109.550 DEC/day listed with a Peakmonsters ROA of 62.68% yearly.
It is still early days but it seems like a pretty good return to me. Of course you need to factor in that you would not have a 100% rental all the time and that prices can fluctuate.
Other risks are that there could be some fundamental changes to the game and the cards you have bought are no longer perceived as valuable. More of your NFTs could also be minted making your cards reduce in value.
The main fundamental risk is if the game Splinterlands stops and you have NFTs that can no longer be used. So far this doesn't seem to be a problem and Splinterlands is growing and growing as it is a great game.
Do you make passive income with NFTs?
Thanks for reading.
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Thanks guys!
I wonder how much time Sprinterland consume i was unaware NFT also have passive income in Sprinterland!
You just need to put your cards up for rent and sit back and enjoy the income! There are some automated services which can reduce the work even more!! !CTP !ALIVE
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Thanks for the clearance, I'll dig more into this.
Good post. I've also been renting our some cards on Splinterlands - not many. The best I have are 2 x Harklaw cards, which seem to rent fairly well. Are there any particular cards that are working well for you ?
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I have curretly 93 for rent. I am thinking to ramp it up substantially in the next months.
Some low cost, high return lately have been Pelacor Arbalest and Diemonshark. Ironically not only have rental prices gone crazy good lately, prices have rebounded abit so I've started offloading a few today at 30-50% markup!
Im wondering if there is an API where you can check prices and make some alerts.
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Sounds good - I'll check those out. I dont know about the API side of things but would be good to know if you find out !
For info, LUV changed their tipping rules so that it can only be used on its own in a post - it wont work if you use it alongside other tips in a post.
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They decided to limit it to upto 3 tips in a post now as a compromise, so upto 3 is ok! !PGM !ALIVE
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Thanks for sharing! - @yonilkar
Earning while you are playing.
Thanks guys! Stay awesome!
Congrats on that legendary card! In my case, all the legendary cards in my collection are all purchased from the market. 😆
Those legendary cards are worth their weight in gold!! I really need to transfer some Hive to Splinterlands next time I get some.. Need to upgrade my cards badly. !CTP !ALIVE
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So what league are you laying now?
!CTP
im still in bronze I, not enough power to go to silver III. where are you playing?
My personal account is at Silver III, but the other three accounts that I maintain, which are supposed to be played by my wife and two sons are still in Bronze I.
are the chests good in Silver III?
So far, in the last two seasons, I like more what I got from Bronze I that's why originally I had no intention to end this season at Silver III. However, these past few days, I observed a reduction in DF rewards in Bronze I and better DF rewards in Silver III and that's why I decided to play in Silver III again. The only difficulty for me is the number of DF chests and the high FP to complete. I think the dev is making some adjustments for the long-term good of the game.
The daily focus rewards are much better and also I am earning plenty of chests so far for the end of season.
In Bronze I, I earned 50 EOS chests and more or less 15 DF chests. I can do more, but I don't want to stress myself too much.
In Silver III, the highest EOS chests I received so far is 25. In terms of value, Bronze I is higher in the last two seasons, but if my observation is correct, I expect that it will change this EOS.
Thanks, thats good to know!
So far in Bronze I have 50 EOS and around 20 DF chests. I accidently lost 9 DF chests though! :(
Lost? What do you mean?
I had 9 chests and clicked "new focus" and they were lost :(
Ah! Is that so? I never experienced it. Thanks for sharing. I might commit the same mistake if you did not tell me so.
yes, I dont know why this option is there. it should give warning but didnt for me.
Yeah, anyhow, four more days and the current season will end. Hopefully, both of us will be blessed with legendary cards. 😄
That would be awesome! 😄
😄
That's impressive growth for a month-old player! Salute! 🤠😍😇
Looks like you are on to something good, Steve.
Thanks John, I will keep you updated if it works out well. !CTP
I played Splinterlands for a while but it's not how I like my competitive card games. The part which I like is that matches are fast and the staking and earning part. I think I will take another look. Magic internet money has never been bad.
Came from ListNerds and voted there!
Good luck if you take another look! !ALIVE !CTP
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Splinterlands has been one of my best investments.
It has an awesome growth potential.
I hope they keep growing, cause waht is good for them is good for me.
Thats good news! I am starting to invest abit there too. !CTP !ALIVE
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