STEPN is one of of the most popular move to earn lifestyle Web3 app projects out there right now.
It has attracted millions of users already and is one of the more well known apps when you think of move to earn Web3 app projects that are out there today.
The governance token for STEPN is the Green Metaverse Token, also ref to as GMT. Those behind the project have suggested that STEPN is a way to attract a new and diverse pool of fitness enthusiasts to learn about and experience Web3.
We have seen through STEPN and other apps that there is great interest from people in exploring that combination of Web3 and getting active.
It might not be as easy as other fitness trackers, because for some all you need to do is download and start walking. With this there is another step in that you need to get your own virtual pair of shoes and then you can start getting active.
The shoes are a form of NFT. There is a cost for the shoes and it's reported that in the coming months they might be looking to offer a sneaker rental feature that can be a solution to this cost upon entry. This would give those users another chance to monetize their sneakers and give new users a more affordable option to getting started too.
This is one of the most popular move to earn Web3 apps in countries like the UK, US, and Japan. They have managed to bring on millions of users, it has attracted some 2 to 3 million active monthly users already.
It seems to have grown quickly this year, with just a few months ago reports suggesting that it had around 200k daily active users near April, then May was around 300k daily active users, then jumped to 500k daily active users and has exceeded this. This year alone they've brought on hundreds of thousands of new daily active users.
But with recent news of blocking users in China it has had a negative impact on tokens linked to the app.
Still, the project is one of the most impressive and successful in the Web3 space and one of the few so far that has become well-known for move to earn opportunities that seem to be growing in demand.
pics:
pixabay
This is not to be taken as financial advice, posted for information purposes only
sources:
https://www.forbes.com/sites/davidprosser/2022/05/12/meet-stepn-the-crypto-app-that-promises-to-pay-you-to-get-fit/
https://www.bloomberg.com/news/articles/2022-05-27/nft-app-blocks-users-in-china-sending-digital-tokens-plunging
https://fortune.com/2022/05/27/stepn-new-craze-lets-you-earn-crypto-for-running-and-walking-blocks-china-users/
https://techcrunch.com/2022/05/22/play-move-to-earn-solana-stepn-gamefi/#:~:text=Two%20to%20three%20million%20users,Jerry%20Huang%20recently%20told%20TechCrunch.
