Interested in Move-To-Earn platforms? Read this guide first. Chiliz News breaks down the most popular apps, their competition, and their long-term sustainability.
Over the last decade, I’ve tried out a handful of jobs, some easier than others.
By far the simplest job though was as a professional dog walker.
You could say it was a walk in the park.
Now there’s an even easier way to get paid for taking a walk in the park, or down the block, or really anywhere you want to go at all.
Following the rise in popularity of blockchain-based gaming, STEPN is one of the first move-to-earn applications to make use of the blockchain and NFTs to encourage a healthy lifestyle and exercise. Chiliz News has created a new guide that explains how STEPN works, and what you can expect from the application in the future.
Based on the Solana blockchain, STEPN uses a dual-token model that includes Green Satoshi Tokens (GST) and Green Metaverse Tokens (GMT) as well as a selection of NFT sneakers. The new guide discusses the purpose of each token, its future potential, and how you can use them to upgrade your NFT sneakers.
STEPN allows you to compete with yourself, friends, or other players around the world through a variety of game modes. You can use your existing activity trackers, such as smartwatches or FitBits, or even your mobile device, to track how much you walk, jog, or run outdoors each day.
With more than 223,000 users today, STEPN is a clear leader in move-to-earn fitness applications, and its Green Metaverse Token is currently worth more than 20x the value of all its competitors combined, according to the guide. The NFT sneakers required to take part in the game are currently available in the OpenSea marketplace.
The guide examines several potential competitors to STEPN, including Dotmoovs, Calo, and STEP. While each platform has advantages and disadvantages, STEPN remains the most popular.
While move-to-earn fitness apps have seen a surge in users recently, the guide also examines the risks associated with them. It explains that these apps are still relatively new, and experts are unsure of whether they will be sustainable in the long-term, for several reasons.
The unique token mechanics being used for STEPN and similar applications have not been proven effective for long periods of time, and there are some concerns about saturation if the SocialFi game becomes even more widely used. Fitness-based gaming has obvious benefits for the players, but which applications will become the new normal, and which will fade away, is still in question.
Whether you’re already using STEPN or another move-to-earn platform, or if you’re new to crypto-based fitness apps, the new guide from Chiliz News can help you to improve your earnings, and make wise investments.
Visit https://chiliznews.com for all the latest updates on move-to-earn platforms, how major league sports are using the blockchain, and more.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.