As the blockchain industry continues to spread it's reach, accomodating new innovations to grant it's users diverse avenue to earn. Move-to-earn, better known as M2E or Fitfi (fitness finance) is a new concept that combines GameFi(Game finance) and fitness app. It encourages users to stay healthy and practice a healthy lifestyle to better improve their wellness and boost their effectiveness through walking, running or working-out and earn by performing these exercise.
Move-to-earn utilizes geolocation data, physical sensors, augmented reality to track users daily step and reward them. Accumulated benefits can be traded for crypto or exchanged for fiat money, better still used in the game world as robux depending on the terms of profit by the app.
According to Www.meetglimpse.com an online fintech news website the interest in move to earn games grew rapidly over the past year bringing it to 243% against what it was the previous year. Putting it at a current volume of 14K searches per month, as of last month.
This is a clear testament that the new technology is fast attracting adoption. As many persons are scared of being left out of the game.
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History Of Move-To-Earn
On July 6, 2016 the world witnessed a shocker as Pokémon GO an augmented reality (AR) mobile game, part of the Pokémon franchise developed and published by Niantic in collaboration with Nintendo and The Pokémon Company for iOS and Android devices. Cane up with a game enabled by a smartphone's camera and GPS to geospatiallly overlay Pokémon onto the real world and enables players to “catch”.
Not more than a month after it's launch it was recorded as the most successful mobile gaming app in history. Breaking the record of most-downloaded and fastest to earn $100. It has recorded over $4 billion in revenue and has been downloaded over 600million times. A great milestone that has ushered in various other Move-to-earn app.
Late December 2021 STEPN a Web3 lifestyle app launched introducing the NFT dimension of the Move-to-earn as the NFT industry gains relevance.
This is a break off from the Play-to-earn trend in the crypto space and it's expected that more is sure to spring up. As the industry continues to grow.
Benefits of Move-to-Earn Projects
Ease In playing: The move-to-earn greatly boast of an easy means to play. As it mostly depends on no difficult strategy to play. All you've got to do in most case is download the app from either iOS or Playstore, sign up and start walking. This is in contrast to Play-to-earn games where you're expected to have some level of knowledge and experience to better play.
Free Rewards: Everyone loves free rewards and in this case the Move-to-earn assures it users of financial gains and it also facilitates an improvement in one's health and wellness; what other motivation does one need to participate? Not forgetting that these rewards can be traded for crypto or fiat.
A Good Merger With Fitness Apps: Most persons passionate about their health and wellness are particular about fitness apps as it helps keep record of the steps, amount of calories burned and heart rate etc..with the introduction of Move-to-earn it delivers a double purpose for it's users by performing their health task and getting financial rewards accumulating tokens for steps taken daily.
A Tool For Socializing: The COVID-19 pandemic has given many person a different perception about life as it has encouraged many persons to step out meet, interact and find new hobbies that better develop their social life. Taking them away from being indoors. I like to see the idea behind Move-to-earn as a means to take most persons who are into online jobs: crypto/forex traders, web developers, web designers and content creators away from their screens for sometime probably few hours as this will best harness their social skills and affect positively their way of life.
Popular Move-To-Earn Projects
Genopets: this is the first Move-to-earn game to be launched. It's an NFT based free-to-play. It has a progressive gameplay mechanics and is built on the Solana blockchain network. Players are required to raise and evolve digital pets to train and fight, with similar elements to Tamagotchi, Pokémon, and Animal Crossing. Genopets tracks their players’ real-life activities using apps on their mobile devices and rewards them with XP points to nurture and upgrade their Genopets. Genopets can be bought, sold and traded with the earnings commiserate to the pet level.
STEPN: this project enables it users' to run their routine through NFT Sneakers. Players buy the preferred sneakers that matches their running speed, fitness level and with the help of geolocation track their running outdoors. Although the NFT Sneakers are not cheap but it's one of the most popular Move-to-earn project as it has gathered quite a huge number of players with it's Native token $GMT price increased almost 2,500% from its launch to its all-time high on April 28.
Sweatcoin: this a free-to-download application that takes record of your daily steps and converts it into reward in crypto in this case the native token is sweatcoin which has been launched. It's totally free and requires no payment to start.
Here's a link below for you to download and get started.
https://sweatco.in/i/paulcyril
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Conclusion
As the blockchain technology continues to evolve more and more innovations would be birthed this is to achieve inclusivity and wide adoption.