I knew I forgot something, Runis indeed aren't calculated into the cards and add some extra millions to the total.

At some point I assume there will be enough spells and items minted and in circulation which either will decrease the value of land a lot or demand a new use case for Land. It's pretty much how it always goes. They created DEC which helped adoption and was overprinted to a point where there was so much of it that it dropped a lot of value and was unsustainable. To fix this SPS was created as a new token, same with reward cards, there were so many of them that they became soulbound. SPS will be the same, once that goes out of print years from now something else will need to be invested to keep the rewards going. The bucket is always kicked further down the line which works as long as enough new players come into the ecosystem. In each cycle this becomes harder and harder to do and I fear the next time there is adoption with many new players coming in will create a real peak that will be hard to top later down the line.

It remains interesting to see where it's all going and I'm still quite positive on the next couple of years even though I'm starting to slowly scale out from here.