Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

Blockchain -games are Closes in large numbers So far this year, while the hype and financing are fading and crypto investors aiming their attention elsewhere. But one long-term crypto game hopes some of those players affected by signing shutdowns by offering free NFT assets for affected users.

Crypto -Handelskaartgel Splinter country Invites the players of failed blockchain games to apply to the newly formed recovery fund, whereby the $ 500,000 can be unlocked to crypto tokens and in-game assets in the coming seven years.

The project told Decrypt that it is currently in conversation with other projects based on the Bijenkorf Blockchain To allocate assets to the fund – and invites the wider industry to participate in saving Crypto -Gaming by giving users a bridge to new games.

Currently, only the players of the defeated cryptot titles are Pirate nation” Tokyo BeastAnd Walking Dead: Empires Can access the Crypto Gaming Herstelfonds. Affected players must create a splinterlands account, buy an item of $ 10 (which offers in-game credits of the same value) and their wallet address with items of eligible games that can keep them.

They can then gradually unlock assets from the $ 500,000 fund for the next seven years. The assets are released as long as the player remains active on splitters, which is measured by a series of monthly challenges – such as playing five fights.

“I welcome one of our competitors who want to come up with part of this to participate. Why would they want to see the space grow,” said Dave McCoy, Chief Operating Officer at Splinterlands, said Decrypt. “We are just the first, but hopefully we have many other people with us.”

An epidemic of Crypto -games close This year it affected the industry, with countless remarkable projects that close a store. That includes Dead” Emberzwaard” Nyan Heroes” Rijken of Alurya” Symbiogenesis” Raini: The Lords of LightAnd Metalcore– Just to name just a few.

Although all these games have cited something different reasons behind their crashouts, one thing they all have in common is Leave a player base Without playing to play. And many of those players sank in cash to support the project, and are left behind with Tokenized assets that are of no use.

“Over the years I have been to hundreds of communities. […] When a project becomes robust, it is a terrible feeling. Especially if you have high expectations, “Blaze said, Pseudonymous Sales and Marketing Lead of Splinterlands, told Decrypt. “We just put down our foot and said,” Hey, enough is enough. Someone has to stand up here and these people will help that are lame. “

The crypto gaming recovery fund is governed by a Decentralized autonomous organizationOr Dao, that votes on which games are eligible for the fund. Each supported game has a specific part of the fund that is assigned to it, although Splinterlands did not confirm the exact division per game.

In the first year, 2 million SPS Tokens worth more than $ 16,000 – plus 5,000 rebellion packages – are assigned to the fund. This scales up to 10 million SPs (currently around $ 82,000) and 25,000 packages against the seventh year. Rewards are then divided over the number of active players, which means that if only one person is active within a specific pot, they get everything, McCoy said.

“The design is seven years because we have been around for seven years,” McCoy explained. “So the point we try to make is that we will also be about seven years old.”

Splinterlands is one Strategic trade card game With NFT cards beaten and tradable on the Hive Blockchain. It was originally launched in 2018 when STEEM SONSTERS– Based on the Steem Crypto Social Network– but was renowned Splinterland in 2019 and has been built steadily since then.

The SPS Governance -topping of the game debuted for the first time in July 2021 and quickly reached its peak of $ 1.07, according to Coentecko. Token now drops by 99%, however, worth $ 0.008.

Told McCoy Decrypt Due to the life of the game, it has taken its way through ‘everything’ with which a crypto game can be confronted. He explained that “it is not easy to manage” and suggested that other games did not survive for that long because of non -durable game models – with a fire that points to Pirate Nation’s $ 150,000 per month costs.

Unfortunately, for McCoy, the Gulf of Crypto -Game -Sdowns is a necessary purification of the industry. But he hopes that the Crypto Gaming Recovery Fund is the first step to rebuild the industry, possibly with more contributors.

“Again, this is not about splitters. This is about the entire industry,” said McCoy Decrypt. “If [any game] Want to be part of it, if they want to contribute, we would like to have them. ‘