BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

SplinterLand Makes A Tough Business Call

by Darius Ngetich
Nov 25, 2022 - 12:00 am
in Blockchain
|||

|||

Splinterlands announced on November 17, 2022, via their Twitter account that they would have to part ways with a number of their team members.

splinterlands again

“Today, we have had to make the extremely difficult decision to reduce the size of the Splinterlands team by roughly 45%. Before anyone asks – no, we did not have any funds in FTX or any other at-risk exchanges or services, nor do we have any debt or use leverage in any way”.

The company had amassed a sizable runway of capital in cash and cryptocurrency, and it used that capital throughout the year to develop its roadmap. Unfortunately, business suffered a double blow from the declining cryptocurrency market and the general markets. Along with their cryptocurrency holdings losing value, the amount of money the company could make also decreased as the community felt the effects of the falling markets.

Given the recent, incredibly depressing developments in the cryptocurrency sector, it is evident that this market weakness may be worse and last for a lot longer than any of us had anticipated. As a result, Splinterlands needed to take action to ensure they could survive a prolonged downturn and still be in a position to lead the industry when it was over.

The community is the lifeblood of crypto, blockchain, and web 3 space projects, and Splinterlands is no exception. Asset ownership gives communities in web3 projects a considerable advantage over communities in traditional projects. Owning assets strengthens the bonds between a business and its clients and even between clients.

Some people might view this as justification to liquidate their assets and move on. For Splinterlands, this is a fresh start. With this change, they have positioned the organization to ride out a protracted bear market and global recession while building products and delivering value to their community.

SPLINTERLAND LAND EXPANSION

News about the Splinterlands Land expansion was also posted on their official Twitter account for those who couldn’t attend Splinterfest. The Splinterlands Land expansion represents the most ambitious update in their game’s history.

Darius Ngetich

Darius Ngetich

Darius Ngetich is a blockchain, crypto, and gaming enthusiast. He is also an animator, VFX Artist, and Game Developer, specializing in computers with vast experience in programs like Blender, Unity, and Unreal Engine. My passions are creating games and informing others about the latest developments in crypto, blockchain, and gaming.

Related Posts

Digital representation of the KyberSwap cryptocurrency hack and the hacker's subsequent demands for company control.

KyberSwap Hacker Demands Complete Takeover Following $47M Cryptocurrency Heist

November 30, 2023

A hacker, after stealing $47M from KyberSwap, demands full control of the protocol and company assets, posing an...

Graph depicting the decrease in crypto ownership and increase in portfolio values in Canada, 2023.

Crypto Ownership Declines in Canada Amidst Rising Portfolio Values in 2023

November 30, 2023

Canadian crypto ownership dips in 2023, yet the average portfolio value surges, reflecting a complex landscape of digital...

Illustration of Poloniex's plan to resume services with TRX withdrawals, following a significant cybersecurity breach.

Poloniex Announces Phased Resumption of Services After $100M Hack

November 29, 2023

Poloniex to restart withdrawals with TRX from November 30, post $100M hack, aiming to rebuild trust with phased...

Senator Elizabeth Warren at a congressional hearing discussing the need for stricter regulations to protect seniors from cryptocurrency scams.

Aerodrome and Velodrome DeFi Platforms Targeted in Front-End Cyberattacks

November 29, 2023

Front-end cyberattacks on DeFi platforms Aerodrome and Velodrome result in estimated $40,000 loss, as users are urged to...

Press Releases

David Ferrucci next to the Elemental Cognition brand emblem.

BM Watson’s Lead Developer Secures $60M for New AI Venture, Elemental Cognition

August 18, 2023

David Ferrucci, has raised a remarkable $60M for his AI startup. The company brings forward two pioneering chatbot solutions designed...

pulse5

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse4

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse3

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise