Move to Earn (M2E) may be a new term but not a new concept. Exercise has been gamified for years, Pokemon Go is a typical example. When the move to earn concept turns to crypto, it means that players can earn in-game currencies, then sell them for real money. So besides StepN, which Move to Earn project is capable of bringing great profits to users? Let’s find out.
StepN
We have talked a lot about StepN and of course, it is an indispensable name in this list. StepN started to be developed in August 2021 on the Solana blockchain. The developers joined the Solana Ignition Hackathon in August to October and began testing the private beta in November. The public beta was launched in December. In January, STEPN secured seed-round funding from Sequoia Capital, Folius Ventures, Solana Capital and Alameda Research, among other investors.
Basically, the StepN app uses NFT sneakers to track players’ movements outside based on GPS signals from their mobile devices. It uses a dual crypto token structure, with Green Satoshi Token (GST) as the in-game utility and Green Metaverse Token (GMT) as the governance token.
StepN is the top M2E cryptocurrency with the highest market cap of all projects on this list, boasting a market cap of over $2 billion at the time of writing. Many crypto forecasting sites are bullish on GMT futures, predicting that its price will probably increase many times in the coming years.
Calo Metaverse
CALO is a health app based on blockchain technology that encourages users to participate in sports. With the innovative Burn-to-Earn concept, 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 get.
By combining AR, Gamification, Google Street View and Blockchain technologies, CALO brings users closer to the real world than ever before. Developers hope to create a revolution in the field of fitness and sports, giving users an “entertainment experience to earn” while doing exercises. Compared to traditional solutions which often bring boredom and demotivation, CALO is clearly much more interesting and addictive.
Genopets
Launched in November 2021, Genopets (GENE) is the first Solana-based Move-to-Earn NFT game. Inspired by PokemonGo, Genopets allows players to earn rewards by collecting NFT monsters called Genopets.
The most notable feature of this project is that it offers both Free-to-Play and Play-to-Earn models. Players may not need to spend money to buy the initial NFT but will receive one free NFT (Genopets). With this NFT, people will participate in sports activities such as running, soccer, etc. to gain experience to upgrade their NFT. After a period of time, when your NFT reaches a certain level, you can sell them to get a corresponding amount.
The project has issued its governance token – GENE. Compared to StepN, GENE is still quite modest with a Market Cap of only around $49M. If you have missed StepN, GENE may be a good investment option instead.
(To be continued)
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