I always find it funny when people still ask if we are in a bull run. Within just 12 months we have gone from a $16,000 Bitcoin price to where we stand today at $36,000 a more than 100% increase yet some feel we are still not in the bull market. Like what!
What's interesting to me however is how this bull run is shaping up and what new features are gaining traction. One of those key areas once again does seem to be gaming more then anything. It's easy onboarding for massive amounts of player base but with web3 crypto gaming such as Splinterlands it's a great way to build your user base and transactions on the blockchain of your choice.
Many games center around "free" or "no fee" blockchains such as Wax and Hive along with a few others but the big money still seems to sit on platforms such as Ethereum at least for the time being.
Right now many of these places simply have the ability to buy and sell their native token and to buy NFT assets from a marketplace. However one of the best features I think Splinterlands offers is the renting ability for governance tokens and for NFTs! It's a great way to investors to get in on the action but also guilds and other team like assets allowing them to be used to bring others in for the fraction of the price of buying the NFTs outright.
Expanding The Rental Markets
Well this space looks to be expanding even further now with the recent introduction called LootRush *If you use the link here and connect your wallet to deposit $5 worth of tokens you'll get a free $5 worth of tokens by being referred by me.
LootRush now allows for huge renting to take place on popular games like Gods Unchained, Axie Infinity, Immortal Chess, Spider Tanks and the list just keeps going on currently set at 758 games in total. (No Splinterlands yet but I mean it would be kind of epic)
This rental type system is not only great for new players who don't want to fork over hundreds of dollars just to try out the game but it also allows other players to test out cards and other assets first before investing huge amounts of funds into them.
This site itself might very well solve the issue of what happened during the last bull run with over priced assets that where sky high pricing out many players and people and only focusing in on high paying investors. It was a bull trap that seriously caught the p2e space into a trap that caused less and less players and prices increased.
Currently LootRush supports, Ethereum, Ronin, Avalanche, Arbitrum, Coinbase (BASE), Immutable, BNB and Wemix. I'd honestly love to see hive supported in there but not sure if it's possible without it's current smart contract system. This is where I start to say I feel like Hive was once ahead of it's time but is starting to quickly fall behind.
I also don't think it will be long before we start to see more companies start to implement this rental type system. For example OpenSea would most likely become extremely profitable if it was a feature they added into their system as many new triple A titles are selling NFT assets on opensea.
With an OpenSea rental system investors in these NFTs who are not playing at the moment or taking a break from gaming could rent these out to other players still earning something from their NFT assets and then going back to playing themselves when they are ready.
What we do know so far is that web3 gaming aka crypto gaming is for sure going to be a key feature in the next bull run.
Posted Using InLeo Alpha
