Splinterlands is an NFT-based trading card game that was built on the blockchain. The game operates on the Hive blockchain and falls under the umbrella of the trading game genre. It recently concluded a private token sale that got the company $3.6 million in proceeds, further proving the point that investors are all in on backing crypto plays. The SPS token is a governance token that has been integrated into the game. The sale around the SPS token was designed for the Splintershards Decentralized Autonomous Organization, and it will form the basis of game-related governance proposals. Through the SPS token, consumers will have the ability to influence an assortment of governance-related decisions. These include sponsored tournaments, rewards and card balance updates, etc.

Many prominent crypto-native funds and ecosystem players contributed to the token raise, including Animoca Brands, Blockchain Founders Fund, Enjin, Polygon, Yield Guild Games, Gate.io, 3Commas Capital, Alpha Sigma Capital, AGE Crypto Asset Investment Fund, TechmeetsTrader, and many other big-name players. Individual investors included the likes of Ran Neuner and the founders of Simplex and Sandbox. The token sale was finalized around the same time that Splinterlands achieved another milestone–reaching 150,000 players!

Here’s what Splinterlands’ co-founder and CEO Jesse Reich told Cointelegraph about the success of their NFT-based game: “Splinterlands has been pushing limits in crypto gaming for three years. We’ve played 60 million games and sold out of four editions of cards. 2021 is the best year in company history and business is booming.”

The CEO then went on to say that games like Axie Infinity show how NFT-based gaming can be one of the most powerful economic tools on the planet.

Players of the game will compete for a limited reward pool of Dark Energy Crystals (DEC), which is known as the in-game cryptocurrency. The game has cultivated a loyal following since early 2020, around the same time that Cointelegraph analyzed the title as part of its crypto games review.

Read the full article about Splinterlands’ success on Coin Telegraph!

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