Play-to-earn NFT games went ablaze in 2021. Gamers all over the world were ecstatic about the potential of earning from playing online games. Now, 2022 got even better with the new move-to-earn (M2E) apps that will allow you to get incentivized from your daily physical activities like jogging.
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Gamifying Fitness
This is a cryptocurrency trend that allows you to earn as you move. It boosts your fitness and health goals plus rewards you for it. That’s like a double whammy for these earn-to-move apps.
The Web3 project is coined STEPN. This is an innovative project that gamifies fitness apps. In fact, GMT tokens skyrocketed to around 3,600% in just a month. The move-to-earn tokens are now the top gainers in the crypto market.
STEPN's concept revolves around the idea of rewarding or tokenizing physical movements. (Image from Coin Culture)
What Makes M2E Exciting?
Move-to-Earn (M2E) apps allow users to earn passive income while engaged in routine physical activities.
The move-to-earn gamification works similarly to play-to-earn wherein players completely own their in-game assets which can be exchanged to crypto or fiat money following their own terms.
STEPN (GMT) has pioneered the move-to-earn concept which is now followed by other games like Dotmoovs (MOOV) and Genopets (GENE) that all revolve around the idea of rewarding or tokenizing physical movements. Some are still in beta version but it’s definitely something to watch out for.
The Move-To-Earn Concept
For STEPN, the players will have to purchase NFT sneakers. These NFT collectibles are mintable and come in a variety of designs, rarity levels, and quality. These virtual assets can be purchased and sold in NFT open markets.
STEPN runs on the SOLANA blockchain and each NFT sneaker is worth 10 SOL at the minimum or roughly around $1,100.
Crypto total market cap at $1.81 trillion on the daily chart | Source: TradingView.com
You need to buy NFT sneakers to be tokenized in these move-to-earn …….