Splinterlands Rental Market Update

As many people are taking sides on how to increase value of DEC and SPS there is one other aspect of Splinterlands that is falling in value. That is in the rental markets. Whether DEC and SPS can rise in price it will remain elusive of the NFT rental market to hold up in value as time passes.

The rewards to rent cards are just no longer attractive now after the 2021 boom. In fact to date the rental market has fallen continuously as each season passes. This has essentially dragged down the value of NFTs.

While it is great to be owning the cards the passive value of the cards lack any real return that I believe is making people sell them at lower prices.

A Resolution?

When Chaos packs came out the initial demand was huge and help players reduce rental prices. However the amount of packs over saturated the markets and in time had to reduce total amount printed by burning more than 10% of the overall packs.

Now markets are still over saturated with the current player demand and cards continue to fall in prices. The card prices correlate with the rental prices.

A slimmer of hope is when Soul Bound cards are released for sale. As the cards are still locked there are promised of them being unlocked in the future. How this all works out may help the demand for cards to rise. Which in turn increase the rental prices.

Resolution With Rising Fees?

Another benefit to potential increase in rental prices is limiting the rentals. As of the new updates in markets there are increase in fees for card sellers. It pretty much double the fees for sellers, and this maybe a good thing if it can translate into future increases in rental fees.

For now it costs 1 DEC to change the price of a rental card or put in out into the rental market. The initial fee could be increase thereby limit players from adjusting rental prices often and adding more cards into rental market. With less cards to rent the supply is reduced which can help in holding up prices.

Conclusions

There are really no bright sides to this situation as of now. My own rental income has fallen another 60%. I have a few options to proceed in order to realign with current market conditions.

For one I have too many low level cards and they are not renting well. I can likely combine the cards to make more use of them in play. Then there is the reduction of bots being used in game play. With less demand for cards to be used by bots it would mean less cards rented out. Bottom line we have to adjust to the market conditions and I myself have to find ways to remain as profitable.

Until next time thanks for reading!!!

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mawit07 rentals

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