Splinterlands Development Team’s Financial Runway: Should We Be Concerned?
After spending some time reflecting on these discussions, I’ve come to a fairly simple conclusion: while concerns are valid, I’m not as worried about Splinterlands as some might be. Here’s why:
Splinterlands Isn’t Alone in the Web3 Space
To understand where Splinterlands stands, we need to consider it in the context of the broader web3 gaming ecosystem. If we were truly heading toward a collapse, I believe we’d start seeing smaller or less engaged projects fold first before Splinterlands is truly in danger. Take, for example, GLS (Genesis League Sports) and the GLX ecosystem. These projects have had their share of struggles with low engagement and a slower pace of development, but they continue to exist and move forward despite these challenges. If GLS and GLX can continue to survive, albeit in a diminished state, it’s logical to assume that Splinterlands—being more established and engaging—would outlast them.
Other Ecosystem Projects Are Still Kicking
Take Moon Karts, for instance. It recently launched and is already better received than GLS, which shows that the team is still actively working on other initiatives beyond the core game. The fact that Moon Karts has shown more promise speaks to the team’s ability to create new experiences and maintain relevance in the web3 gaming space. This suggests they are adapting and evolving their strategy, which bodes well for the longevity of Splinterlands.
Market Conditions Are Still Favorable
While the broader economy is always a concern for any business, it’s worth noting that Bitcoin and other cryptocurrencies have remained relatively elevated, especially compared to previous bear market lows. Given that Splinterlands is part of the blockchain ecosystem, I wouldn’t be surprised if the company has some exposure to crypto on its balance sheet, which could provide a financial cushion. This exposure could help stabilize the company during downturns, providing a financial lifeline as long as the crypto market remains healthy.
The Telltale Sign Will Be the Ecosystem
The most telling sign of Splinterlands’ longevity won’t necessarily be the projects it’s launching but the ecosystems tied to it. If projects like GLS or Moon Karts begin to fold, that could signal deeper issues. Until then, seeing those projects continue—even with lower engagement—makes me believe that Splinterlands is still in a relatively strong position.
Conclusion: Staying the Course
In the end, while it’s always good to keep a close eye on the health of a game or ecosystem you’re invested in, I believe Splinterlands is far from being in immediate danger. The team has shown resilience, and I think we’ll see smaller, less stable projects fall first if there are larger problems at play. The fact that they continue to innovate and explore new avenues gives me confidence that the financial runway, while something to be mindful of, isn’t as dire as some may fear.
Time will tell, but for now, I’m still enjoying the ride and remaining optimistic about the future of Splinterlands.
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Disclosure: Please note that for the creation of these blog posts, I have utilized the assistance of ChatGPT, an AI language model developed by OpenAI. While I provide the initial idea and concept, the draft generated by ChatGPT serves as a foundation that I then refine to match my writing style and ensure that the content reflects my own opinions and perspectives. The use of ChatGPT has been instrumental in streamlining the content creation process, while maintaining the authenticity and originality of my voice.
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As long as Bitcoin goes into bull run mode in Q4 I think we'll be fine.
Sounds like hopium Papa Bear!