Time To Become A Digital Real Estate Developer
Hey Splinterlands Fans
In about 3 weeks @splinterlands will launch its biggest update in the history of the game with the introduction of land, a new NFT that aims to expand the game and the way players interact with one other on the network. NFT's are nothing new to the game, the cards being the first NFT's and while that appeals to the collector and hobbyist, real estate seems to have more of a grounding in real life, that more people can be related to and understand.
Collectables has always been a bit of a niche market and only a select few understanding what adds or subtracts value from a collectable. Still, anyone can understand that land is valuable.
Working your land or having your land work for you
Each piece of land will have its own set of attributes, depending on its location, and specialities it could earn you certain returns over another the same way cards do have different abilities.
The same way cards can be upgraded; land can be upgraded, or developed as we would in real life, adding new features that can net you a healthy income or increase the value of your land.
You can buy and sell land as you would a card or rent them out the way you do cards. I've been leveraging the rental market for some time now, and while I only make $0.05 a day, it's on the cards I rent out that gives me a 2.8% ROI on my current deck value.
The cards I rent, I would not have been using. Otherwise, it doesn't affect my gameplay, and I feel it a more efficient use of my deck. I am aiming to do the same with land, hopefully securing enough to mint items I can sell and then some land, I can rent.
It's really going to add a whole new dynamic to the game.
The coming land grab
As with anything shiny and new we will see a rush to grab what they can, some people pill pick up land dirt cheap others will FOMO and overpay for land on this first release, that's how markets work. We don't yet know the true value of the land until we see what each plot can yield, some may buy plots that they have to sell as realising the yield on them would take too long.
Digital land is by no means a sure profitable move, but owning some and expanding your portfolio in the game sure is a good move. The tokenomics in the game are also going to change, and valuations will be in a state of flux as the markets try to establish what the value of these new NFTs will be, some will make out like bandits during that time.
Becoming a digital real estate investor will come with the same pitfalls as your physical counterparts, so be careful, size your positions, do proper valuations, not all land is equal, so don't get taken for a ride.
If you can't score local land, go international
Splinterlands and its connection to the HIVE blockchain does make it feel a lot more local, but that doesn't mean its the only digital real estate you can purchase. On Ehtereuem they've had Decentraland for some time now. Savvy real estate developers could switch between the 2 games and try to find opportunities, develop them and turn a profit.
Because Splitnerlands cards and DEC can be used on Ethereum, it may only be a factor of time before these two digital land-based games cross paths.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
Let's connect
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