Revolutionary Rewarding Apps

    MOVE TO EARN


    When it comes to cryptocurrency, move-to-earn is quickly is now the most popular new trend, with a wide range of products and services that reward players for being active.

    Move-to-earn apps could be a revolutionary way to make money and encourage people to become more active, all at the same time.

    What Exactly Is "Move to Earn" All About?

    Move to earn platforms reward users for staying active, unlocking an extra revenue stream for engaging in their regular exercise routines, or partaking in fitness-related challenges. Users get compensated in cryptocurrencies for playing these games, which is part of the “play-to-earn” craze.

    In general, these platforms strive to reward activity, decrease obesity and sedentary behaviour, and provide users with the possibility to earn money for improving their health. A lifestyle app known as STEPN popularized the phrase “move-to-earn” in September 2021, and it has since been embraced by a number of other apps that reward users for their exercise.

    How Do These Apps Track Activities?

    While the techniques by which these apps produce incentives might vary widely from platform to platform, most reward users for performing fitness-related exercises like walking, running, or swimming with their native utility tokens. Move-to-earn app data is often recorded by a phone or fitness tracker before being uploaded and evaluated to determine whether it qualifies as a reward. Either the app’s internal marketplace or an external cryptocurrency exchange may be used to sell/trade earned tokens for other cryptocurrencies.

    The number of move-to-earn apps has increased significantly in the preceding 6 months, and there are now plenty applications that reward players for being active. Most of them are still relatively unknown, although several have achieved significant success.

    MOVE TO EARN LANDSCAPE

    The general move2earn landscape and some of the important players in the space look familiar. Stepn, with a market valuation of more than $1 billion USD, is the most notable. Most of these projects, such as Stepn, StepBSC, Genopets, Menzy, Just Move, walken, spacexmove, fitmint, dosage, and others, reward users depending on the number of steps they take.

    In terms of the activity, all share the same concept: walking movement. Some are sports-specific, such as dotmoovs with football. These notions are also sometimes accompanied by their own NFTs, which are occasionally a sort of shoe with related qualities.

    Major Move2Earn Market Players

    StepN

    After a token sale on Binance’s Launchpad platform, STEPN entered the market with a boom in March 2022.

    Players must possess one of four kinds of NFT sneakers to commence earning using the Solana-based STEPN application with Walker, Jogger, Runner, or Trainer. These have a variety of characteristics that influence how much they generate rewards. Users have the option of purchasing their own NFT from the in-app marketplace or renting them for free from another user in exchange for a percentage of any money generated.

    Each NFT has four distinct criteria that impact its worth, the amount of GST(StepN’s Own Currency) the holder may earn, and how quickly it can level up (Attributes, Types, Levels, and Quality). SOL may be used to purchase these shoe NFTs and other things from the in-app store.