Splinterlands 1 way you can benefit from NFT’s

nft splinterlands collection

Now you maybe thinking Splinterlands, NFT’s, what benefits?

Splinterlands

Don’t worry it’s cool let me explain

What is Splinterlands?

Splinterlands is a digital card based strategy, hive blockhain based game available on multiple devices.

The game is very similar to Magic The Gathering or Hearthstone, players build up a collection of cards with various abilities and use the to battle each other.

They can also buy, sell and trade their digital assets freely just like they were physical cards and all transactions are publically recorded.

splinterlandcards1

Every player has access to a base pack of cards but to use and purchase additional cards you will need to buy a summoners spell book. This book gives you the ability to purchase booster packs and cards within the game as well as receive quests and rewards.

There are also ways you can level up the cards that you own.

To learn more about the game visit Splinterlands or look out for future posts.

What is a non-fungible token?

A fungible asset is something with units that can be readily interchanged – like money.

With money, you can swap a £20 note for two £10 notes and it will have the same value.

However, if something is non-fungible, this is impossible – it means it has unique properties so it can’t be interchanged with something else.

It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be one original painting.

NFTs are “one-of-a-kind” assets in the digital world that can be bought and sold like any other piece of property, but which have no tangible form of their own.

The digital tokens can be thought of as certificates of ownership for virtual or physical assets.

How does NFTs work then?

Traditional works of art such as paintings are valuable precisely because they are one of a kind.

But because digital files can be easily and endlessly duplicated there is a solution through tokens.

With NFTs, artwork can be “tokenised” to create a digital certificate of ownership that can be bought and sold.

Remember this all has monetary value.

So now we have established what Splinterlands and NFT’s are let me explain the benefit.

Regardless if your into gaming or not the benefits are easy to see once you know what is going on.

Let’s talk DEC

Dark Energy Crystals (DEC) is the games official currency and there are 3 ways to obtain DEC.

  1. You can convert unused cards into DEC.
  2. You can also earn DEC via rewards from certain ranked matches.
  3. You can also buy DEC with other tokens.

Once you own some cards you can actually earn DEC also from renting these cards out to other players, creating yourself a nice passive income over time.

This is not about getting rich quick, but i do believe this is a solid way to start leveraging blockchain based games and NFT’s for a future passive income.

Plus the game is really cool.

Do you like communities?

Just inside the Splinterlands game alone are communities.

He-Index Squad find us on Splinterlands and the Hive Blockchain

index squad

I use Coinbase to fund my Hive Engine account how about you?

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