Everyone’s getting healthy and making money – forget play to earn, now you can move to earn crypto with a sneaker NFT.
The latest craze started with the launch of the STEPN app and website. It’s become one of the most downloaded apps on the App Store, and its governance token GMT (Green Metaverse Token) is currently the top trending crypto on Coinmarketcap, up over 10% today and 2000% since early March.
But what is STEPN, what is GMT and how can you make money by running?
STEPN (GMT) is the top trending crypto
What is STEPN?
STEPN is the brainchild of Australia based Fintech firm Find Satoshi Lab.
According to the official website Stepn.com, STEPN (also called StepN) is a ‘Web 3.0 lifestyle app with SocialFi and GameFi elements’ – its players can make money by running, jogging or just walking outdoors as long as they have a GPS connection on their mobile phone, and own a sneaker NFT.
The move to earn concept was born in August 2021 and STEPN began to get attention in media like Yahoo Finance by December, which called it ‘the first Move2Earn mobile NFT gaming platform’.
Founder and CEO Yawn Rong commented:
‘We are proud to reveal the potential of what individuals can achieve with their fitness goals using crypto as an incentive. With STEPN, we’re one step closer to achieving our mission of empowering players to take control of their health by making move2earn more simple and accessible.’
NFT games, crypto games and P2E gaming have been exploding in 2022 – the way this latest addition works is people keen to get fit buy a sneaker NFT, start moving outdoors with their phone, and get rewarded with crypto.
What is a Sneaker NFT?
Just like the Axie Infinity game had a bit of an expensive barrier to entry, so does STEPN.
To play, runners need to first buy a pair of training shoes represented by an NFT – a non-fungible token sneaker. As STEPN is powered by Solana, sneaker NFTs can be bought with SOL on a Solana NFT marketplace called Magic Eden.
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