Road to Runi - Update 12 | Splinterlands #318
Another week has passed by in the splinterlands ecosystem. We had another season end; an eventful Town Square and more Rebellion pre-sale packs being sold. This week’s Town Square we got more insight into Rebellion development and the Land 1.5 release. The splinterlands teams are actively working on the Land 1.5 release and Yabbapmatt wants to remain cautious about setting a release date in stone before officially announcing it. At the previous Town Hall, there was a mention of it being released in and around Thanksgiving in November, but it is best to wait for an official announcement.
Some other important things to note from the week’s Town Square were discussions around the future of Land gameplay, a new event in 2024 to burn cards, the Splinterfest 2.0 community event and the possibility of making Soulbound set un-Soulbound in a future release. Like I said, it was a jam- week’s Town Square and highly recommend listening to it.
How is the Rebellion pre-sale going? Over 290000 packs have been distributed as part of the pre-sale and over the past week we saw another 20000 packs being distributed. If the pre-sale ends tomorrow, the pre-sale has surpassed everyone's expectations. With must be mindful that we have been in a crypto bear market for a good few years and therefore selling just under 300k + packs is an enormous success. Let us hope this momentum continues towards the Land 1.5 release and the general sale for Rebellion set on 5th December.
Runi Fund
Over the past few weeks, the price of DEC has been stable and acting like a stablecoin, maybe this is what the splinterlands team were envisaging all along when they first announced that DEC would act like a stablecoin in the splinterlands ecosystem. The price has remained stable at $0.908 per 1k DEC over the past week.
Over the past week, I have added another 28k DEC to the Runi fund and with the stability shown in the DEC price, the fund has grown to just under $360. One thing I did forget is that once the Land 1.5 release goes live, I will need to extract some DEC to stake monsters to the two lands I had previously purchased as part of the Road to The Glory Land challenge, nonetheless, I would estimate that I am about 60-70% of the way to purchasing a Runi NFT.
Runi Market
Generally, when you have an NFT listed on the market at a 25% discount, you would think people would be chomping at the bits to get in on the action. However, we need to be cognizant that regardless of what is happening with the BTC price of late, we have been in a crypto bear market for ages. Runi’s floor price set a new floor price low last week and the same NFT is still listed at the same price of 0.23 ETH ($422.96). It does beg the question - will this floor price remain, or will it continue to go lower? Or is the price of Runi’s still trying to find a realistic floor that will stimulate liquidity?
Worryingly the sales activity for Runis continues its downward trend with a further reduction of 67% in sales activity. There were only two sales of Runis the past week with one sold for 0.31 ETH ($557.68) and another sold for 0.2272 ETH (413.27). These stats are only from Opensea and do not track Discord sales etc., but still alarming to see the liquidity for Runi NFTs diminishing week after week. Let us hope the Land 1.5 release changes that.
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