In Splinterlands there are amazing changes announced in the economy of the game and that is through the shape of Land changes deliveries. We are getting ready for Land 1.5 and 2.0 later on when we will be able to put the NFT cards at work, stake DEC, burn SPS and go through this cycle all over again. These mechanics are genius and they could heal the tokenomics that were overlooked for a long time. But while this looks great on the paper, I am afraid that the current crypto market conditions are not favoring the plan to be put in the action as designed. While I want to believe that things will work out as I've been with this game before its inception, it is hard to see that moving according to plan in an isolated ecosystem from the movements on the crypto market (or better said the lack of that and continuous decline in this industry).
The crypto market in general and Bitcoin in special are the ones that are giving the rhythm for most the crypto assets and ecosystems. It is hard to have a positive trend when the big players are seeing red week after week. If we are to look at Bitcoin the YTD stands at +53.31% and for Ethereum the YTD stands at +34.16%. These are good yields and we should be happy with them, but it is hard for me to imagine that most of us invested when the market was at its low after the 2021 bull run. And as this doesn't happen I think that we are still in a bearish mood for the entire crypto market.
If we were to look just in the last month, we can see that Bitcoin find itself at -11.78% and Ethereum at -11.62%. This is not encouraging for existing and new projects and neither for changes that could turn the tokenomics like in the Splinterlands the Land 1.5 and 2.0 should do. Probably it will bring more health into the assets from the Splinterlands, but I am not sure it will have the velocity to make it shine as it deserves as simply the investors are holding tight to their money.
While I am excited and I think that we will see positive effects in the long term, I simply consider that the incoming new changes will not be favored by the crypto market conditions and might not get the momentum everybody is hoping for. Don't get me wrong, the changes are welcomed and well needed, only that they will not throw the Splinterlands assets into a spiraling growth, but rather in one slow and steady. And to tell you the truth I have time for that as I am still in accumulation mode. If in the end we will get DEC pegged at 1000:1 ratio and SPS being burned and used to keep the DEC stablecoin steady, that would be a plan well executed. But there is still uncertainty and we will just need to wait and see how this plays out. And to close this I simply want to ask your opinion on this.
Do you think Land 1.5 and 2.0 will bring equilibrium and appreciation to Splinterlands assets?
Leave your answered in comments and hopefully will get some engagement on this as it regards the future of the Splinterlands ecosystem. Roger out!