Road to Runi - Update 8 | Splinterlands #310
This week’s splinterlands Town Square meeting explored factors that could have an impact on the future of the game. One concern discussed was the stability of the Steem Monsters Corp company, which the CEO openly addressed. The company presented a strategy that acknowledged uncertainties but also shared estimates. These estimates considered revenue from Rebellion sales proposals to The Hive Development Fund and efforts to raise capital. The aim of this approach was to ensure sustainability for the company despite ongoing challenges.
It's been worrying to see my splinterlands collection continually drop in value during this crypto bear market, but I always assumed that the game would survive, however, after this week’s Town Square, I now fear that the splinterlands game and ecosystem will not survive. Some of my fears alluded to when I listened to this week's Into the Splinterverse video by SteveR82 and Bebeomega and the guest speaker, Leveluplifeph where Leveluplifeph mentioned that all splinterlands needs to do is not go bankrupt and survive until the next crypto bull market/adoption cycle kicks in.
As for the Land 1.5 release, the splinterlands team did acknowledge the challenges with the Land release as it is been in development for a long time. Let us hope that there is a release by the end of October 2023.
Nonetheless, still a worrying development for me personally. In the meantime, I will continue to focus on producing content and focusing on the splinterlands challenges as they do give me a lot of joy to do on a weekly basis plus with all the changes that the game has undergone the past year, it become very enjoyable and I especially enjoy playing guild battles and continually grinding away to build my Gladiators collection.
Runi Fund
Source: DEC Price History
On the flipside, we saw the crypto market have a small spike and this has a nice trickle-down effect on DEC as the price of DEC increased by 10% to $0.729 per 1k DEC this past week. While the price of DEC is still way away from its peg, it does give me hope that when the Land 1.5 release is finally out, and the flywheel is activated DEC should continue its move back to peg.
As the past week was a month's end, I converted most of the crypto earnings into DEC and added another ~25k DEC into the Runi fund. Also, with the price increase in DEC, it is nice to see a bump up in the fund value and we are close to $250 which is about 0.15 ETH. Based on the price of the average price of Runi, we have about 50% of the funds needed to purchase a Runi NFT.
Runi Market
Source: Runi Floor Price
Despite the broader challenges within the Splinterlands ecosystem, the Runi's value remained resilient. The new floor price now stands at 0.36 ETH ($588.50), and while there has been a slight decrease, it is minimal. This is a positive indicator for the long-term investment proposition associated with owning a Runi NFT.
Source: Runi 7-Day Sales Activity
Following a significant surge in Runi NFT sales last week, this week marked a return to more typical trends. Liquidity and demand for Runis persist, and it will be intriguing to observe whether there will be a surge in sales activity upon the release of Land 1.5. The sales range fluctuated between 0.2801 ETH ($461.16) and 1.0050 ETH ($1654.66).
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