I think your analysis is right and we also sometimes lose sight of the overall picture. Splinterlands did a great job in building a P2E sustainable model and a good community.
But as the space grew tremendously in terms of revenues, we are seeing more gaming competition and we might very soon see some « professional game editors » coming into the picture.
In any case, it was a good investment 👏when looking at your profits !
what do you mean by game editors?
I mean Ubisoft / Electronic arts / Activision. When these huge corporations see the money they can make despite decentralizing games, they will rush in. And their games are let’s face it, better. Gods Unchained is the only AAA (meaning high quality) blockchain game at the moment.
Ubisoft did work with Axie / Sorare and Splinterlands for the past 18 months. I did not get if they got an equity investment in these companies as they partnered.