- Splinterlands has launched the Crypto Gaming Recovery Fund to support players from shut-down blockchain games.
- The fund offers $500,000 in tokens and in-game assets, distributed over seven years.
- Players from Pirate Nation, Tokyo Beast, and Walking Dead: Empires can currently apply.
- Users must create a Splinterlands account, buy a $10 in-game item, and verify their ownership of assets from eligible games.
- The fund is governed by a decentralized autonomous organization (DAO), and the project seeks additional gaming partners to expand support.
The Crypto Gaming Recovery Fund has been established by Splinterlands to help players affected by recent closures of blockchain gaming projects. The initiative provides affected users with a way to claim new assets after their original crypto games were discontinued.
The fund totals $500,000 in crypto tokens and in-game packs that will become available to qualifying users over seven years. Initial eligibility is limited to players from Pirate Nation, Tokyo Beast, and Walking Dead: Empires. To apply, users must create a Splinterlands account, purchase an in-game item worth $10, and submit proof of their in-game holdings from the failed title. These players keep their original assets.
According to Splinterlands Chief Operating Officer Dave McCoy, the project is in discussions with teams from other games on the Hive blockchain and is encouraging more participants from the broader industry to join the fund. “We are just the first, but hopefully we have many other people join us,” McCoy told Decrypt. Blaze, the sales and marketing lead at Splinterlands, said, “We just put our foot down and said: Hey, enough is enough. Somebody has got to step up here and help these people who are getting crippled.”
The fund releases assets to players in stages, depending on their continued activity in Splinterlands. For example, the first year will distribute 2 million SPS tokens (worth over $16,000) and 5,000 in-game packs. This scales to 10 million SPS (about $82,000) and 25,000 packs by year seven. Allocation is based on the number of active users per supported game.
A decentralized autonomous organization (DAO) manages the eligibility process and fund allocation decisions for new games. Each newly eligible game receives a specific share of the fund, although the precise distribution amounts are not disclosed.
Splinterlands, a trading card game using non-fungible tokens (NFTs) on the Hive blockchain, has operated since 2018. Its SPS governance token, which debuted in 2021 at $1.07, currently trades near $0.008.
McCoy described the series of blockchain game shutdowns as a necessary industry reset but hopes the Recovery Fund will provide a bridge for affected players. “This isn’t about Splinterlands. This is about the whole industry,” he said. The project continues to welcome new industry partners to participate.
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