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Popular P2E Card Game Splinterlands Reaches 2.32M Daily NFT Rentals Milestone

By April 21, 2022 No Comments

Key takeaways:

  • The Splinterlands team has announced 2.32 million NFT rentals have been facilitated on April 15
  • NFT rentals allow players to enlarge their card collection with borrowed in-game items and give owners the opportunity to earn passive income on their borrowed items
  • Splinterlands is a Play-to-Earn (P2E) digital card game with the largest and most active player base in the sector

Splinterlands pioneered NFT rentals last July to make in-game collectibles accessible to more users

Splinterlands, the most popular blockchain-powered game in the sector, has announced it achieved another major milestone. In the span of a single day last week, more than 2 million rentals have taken place, showcasing the community’s interest in the program and the popular card game’s NFT powered items.

Splinterlands launched its NFT rental markets last summer with a clear intention. Allow players to borrow unique in-game items from other players to gain the ability to explore a rich selection of Play-to-Earn (P2E) options. At the same time, the rentals allow NFT owners to generate passive income with their collections.

Given Splinterlands’ large player base and the low cost of borrowing certain cards, which starts as low as a fraction of a penny, it is no surprise that the team recorded 2.32 million daily rentals on April 15. According to blockchain analytics firm DappRadar, Splinterlands is the most played blockchain game with more than half a million unique users in the last 7-day period.

Card rentals, lucrative in-game crypto rewards, and seamless access to NFT trading features allow Splinterlands players to build valuable card collections with a minimal initial investment. Such was the story of Taylor Carmichael (reported by The Motley Fool), who saw his collection’s value grow from just $10 to a whopping $17,000 in just two years of playing the game thanks to SPS token rewards and the growing price of Splinterlands collectibles.

Splinterlands CEO Jesse “Aggroed” Reich commented on the success of the NFT rental marketplace:

“We recently shared that we hit 2 billion games played, and now we’re here, reaching another remarkable milestone in the history of NFT rentals. We look forward to achieving more of these in the future.”

Earlier this month, the Splinterlands team revealed that a new node validator program will launch on the mainnet in the second half of 2022. The new program will transform the way the Splinterlands network handles transactions and introduce additional income streams for SPS and VOUCHER token holders.

The primary digital asset of the Splinterlands game, the Splintershards (SPS) token, has gained over 30% in the past month and is trading at $0.1326 at press time.