Digital assets - Steemmonster Cards example
Hello,
after I've read an article from @theaustrianguy which can be read and upvoted here, I had some thinking about the new virtual asset economy on Steem.
In the past year, the Steem economy took some major hit, like the whole crypto world. If some of the crypto world managed to recover, sadly Steem did not manage it.
From a top 10 crypto asset it dropped somewhere in the top 80. A couple of weeks ago it was in top 60, which shows us that the main theory that if you build something on the chain, the chain will grow along is not always true. Some give the example of ETH compared to Steem, where people build on the ETH chain their tokens and so the value of ETH grows with that of the tokens.
This is seemingly for Steem not true.
So, in the past year, the guys who did not want to move their asset out of the Steem world, would have kept their investment value if they would have invested on the alternative parts of the chain like in the Steemmonster cards, which can be named alternative digital assets. Had a discussion with @theaustrianguy some months ago where he stated it. I told that there have been better investments, but he said, which I agree, not better inside the Steem blockchain world.
So if you would have kept mostly in the steemmonsters cards, you would have made some profit over the past year, only by holding them. Now with the possibility of renting the cards, you can have a decent ROI on your digital asset.
Not every card is equal from value and value increase in percents as not every card has the same potential to grow in time. The cards that are not anymore produced, are very rare and are used in the game bring most of the increase and the biggest ROI over time.
I will not tell you other benefits and which cards are this, as I still try to get my hands on some. I want to invest at the moment only with assets within the Steem blockchain ecosystem, which is a little slow.
How do you see this part of the Steem economy?
If you want to play, you can register here
Probably the one real working project at the moment. The alpha cards are becoming more and more expensive. I'm chasing those in the last three months.Buying with Steem and EOS. I have converted some EOS for Steemmonsters.
With some effort, time and some cards invested people can get value of SM. So... only nice things for the project.
I'm doing the same and try to max the Alpha deck. Now I try to buy only with inside investment as this is part of my investment strategy.
I've seen you a couple of times in battle with the @victor-alexander account which I try to build up for my son.
I see also some other projects working, but not that huge as @steemmonsters. If they keep on delivering like they did till now the future looks bright.
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Ha ... yes I remember @victor-alexander ... we have met many times I believe :)
I was fortunate to invest into the Steem Monsters Alpha last year and got a complete set before it got expensive. Some of the cards have grown massively in value. It is also much more fun to own a Splinterlands card than a Steem. There is hopefully more to come, we haven't even left the Beta yet. This game has saved me through the crypto winter.
You have made a fortunate choice. I did purchase some Alpha cards but did not max them. Till now only life Alpha is maxed.
I'm glad that you manage to recover from the crypto winter as I remember that you wanted to sell all Steem related stuff. So see you on Steem, steemmonsters, nextcolony and maybe Steemfest 😉
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