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To Rent or Not To Rent - Depends ?

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darmst5339
@darmst5339
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The Play2Earn model of online gaming is gaining popularity over the Free2Play model as the days go by. With more and more players moving to the Play2Earn (Blockchain) gaming area, blockchain games is where the action is.

NFT Ownership

Most of the Play2Earn games use NFTs as part of the gaming process. Splinterlands is a very good example of this. Once you purchase, win or are gifted an NFT, it is yours and the ownership is recorded on the Blockchain for all to see. Before I ever signed up to play Splinterlands and purchased a Spellbook, I received several NFTs in an airdrop from an article I was reading posted on the Hive Platform. One of which was a Gold Foil level 3 Parasitic Growth card.

Opportunity

With the growth of Play2Earn, more and more opportunities are opening up for us that do not have our primary focus as playing games. However there are other ways that we can take advantage of the shift of users from Free2Play games to Blockchain games.

To Rent or Not to Rent

I am not that good at playing Splinterlands. I have a long way to go before I learn all I need to jump up into the higher levels. Due to this, I considered renting out Splinterland cards that I own. I looked at several factors before I decided to rent out the Parasitic Growth card.

  • Can I use the card at my current level?
  • What will I get if I did rent it out?
  • What is the Cost of renting out the card?
  • What are other options?
  • Are there any additional benefits I should consider?

Can I use the card at my current level?

The easy answer to this question is yes. I used the card 6 times and won 50% of those matches.

However, I noticed when I did add this card to my lineup, the stats dropped to level 1 instead of the level 3. I discovered I did not have the right level of Summoner to use a level 3 card. There are several other card that will produce the same or similar results at my current level.

What will I get if I did rent it out?

Currently there are several of these cards on the rental market. The lowest start at 2.80 DEC per day, most were at the 3.70 DEC per day.

I listed it on the market August 5th but as you can see the first rental of the card occurred on August 16th. At time of listing the market rate was around 4 DEC per day so I listed it at 3.75 DEC. It took over 10 days before anyone rented the card.

What is the cost of renting cards?

The cost is 0.2 DEC per listing. I had listed the card at 4.25 then when I was looking at all the current listing prices, I noticed my listing was on the third page of available listing for this card. I promptly lowered the price of my listing so that it would reflect on the first page of selections.

What are other options?

I could sell the card. On July 31st, the estimated value was $9.94. Today the card is worth $25.94 The card has more than doubled in value. I would have been very sorry if I would have sold the card when I was choosing to sell vs rent. I believe the value will continue to increase for all of the cards until new decks are released.

Are there any additional benefits I should consider?

The biggest additional benefit is the SPS airdrop that will continue for another 340 days. This combined with the 200% earning from staking the SPS tokens that are airdropped and the potential increase in card value.

To me the choice was clear, rent the card out. HODL do not sell at this time.

This is just my personal opinion and not intended as financial advice. Please do your own research and due diligence prior to making any financial decisions.

Posted Using LeoFinance Beta