After ‘play to earn,’ ‘move to earn’ is sparking a new craze among the blockchain community. Unlike GameFi, which mainly focuses on a virtual ecosystem, M2E combines outdoor physical activity, community elements, and social communication. With this concept, workout has never been so interesting and motivating when you can earn income by maintaining a healthy lifestyle.
M2E Tokens Take the Airwaves Despite the Market Decline
The whole crypto market has seen a significant plunge below $2 trillion mark as a result of the announcement from US federal to keep inflation below 2%. Despite that drop, M2E tokens are still spiking stably, with STEPN (GMT) being the pioneer. This is an innovative project that gamifies fitness apps. GMT tokens skyrocketed to around 3,600% in just a month.
Following that trend, the entire M2E space has risen to $2.03 billion in market capitalization, with a trading volume of $1.15 billion, according to CoinMarketCap.
Below are the top 5 M2E gainers this week:
- YETIC (203.69%)
- STEP (134.01%)
- MOOV (151.16%)
- DEFIT (116.57%)
- AIRX (48.86%)
What’s the Hype All About?
The interest around M2E is due to STEPN, a Solana-based game that lets users purchase NFT sneakers to start playing. STEPN created more mainstream when the GMT token appreciated 24,500% since its sale on Binance earlier this March. Venture capital firm Sequoia Capital and other Web3 investors have also invested in STEPN, purchasing $5 million worth of GMT in a seed funding round back in January. GMT’s rise has been captivating more investors in the M2E space.
M2E Project To Keep on Your Radar
Following the success of M2E, there are a bunch of potential projects based on this concept are set to release. CALO is one of those. This is an AR (Augmented Reality) Fitness Metaverse built on blockchain and NFT technology. CALO users will be rewarded with tokens that are minted by sweat and calories generated during the workouts. The more challenges you complete, the more NFTs and tokens you gain.
Find out more information about CALO, please check:
- Website: https://calo.run
- Facebook: https://facebook.com/calometaverse
- Instagram: https://www.instagram.com/caloappvn/
- Twitter: https://twitter.com/AppCalo
- Telegram Vietnamese Community: https://t.me/caloappvn
- Telegram Vietnamese Channel: https://t.me/calochannelvn
- Telegram Global Community: https://t.me/caloapp
- Telegram Global Channel: https://t.me/caloappchannel