Splinterlands launches $500,000 fund to onboard players from failed web3 games

In a cheeky move, Splinterlands has announced its Crypto Gaming Recovery Fund.

Backed by the game’s developers and its SPS DAO, it has raised over $500,000 of assets which will be distributed to new players of Splinterlands who have bought assets in failed blockchain games.

The fund has been designed to operate over a seven year period.

The two games currently being supported by the fund are TOKYO BEAST on the Immutable blockchain and The Walking Dead: Empires on the Gala blockchain.

No doubt, many other titles will be added in future, with Ember Sword used as an example in the fund’s fact sheet. There is also a proposal out for DAO voting to include Pirate Nation.

Of course, this campaign isn’t purely charitable but is designed to encourage new players into the Splinterlands ecosystem. In order to qualify for funds, users will have to submit their wallet address for checking, also creating a Splinterlands account and purchasing a $10 Spellbook.

Assuming their submitted wallet does qualify in terms of holding assets from the required failed games, their Splinterlands account will then receive a $10 in game credits, which are used to buy additional cards.

Players who continue to play Splinterlands will receive further distributions of the recovery funds over its seven-year-span.

“This is a turning point for how we respond to failure in our industry,” said Splinterlands’ COO Dave McCoy.

“The Recovery Fund is about rebuilding—not just trust, but opportunity. And we’re proud to lead that charge.”