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It was sold as an investment.
I find this interesting and I think it is a bit naive of anyone thinking they are buying into any blockchain activity as an investment, to me they are all high %age risk gambles.
A shame you are so jaded on it. I did start Splinterlands when I joined Hive four and a bit years ago but was not willing to put in the funds to just play the game let alone make a profit.
I do feel for it and being such a huge part of Hive. I really have no idea what the future of Hive brings but I hope your Splinterlands experience takes an upswing.
RE: Splintered Factions