NFT Sneaker Exercise App Demographics | GMT/GST STEPN Sustainability Guide 2022

NFT Sneaker Exercise App Demographics | GMT/GST STEPN Sustainability Guide 2022

Move-To-Earn crypto platforms are on the rise, but are they sustainable? Who's playing these games, and what are the benefits?  Find out in this new guide from Chiliz News, that takes a deep dive into the popular STEPN M2E application, including some details straight from the co-founder of the platform, Jerry Huang.

STEPN made its debut at a Solana hackathon only five months ago and gathered its first small group of beta- testers. While many blockchain-based applications struggle to be noticed, STEPN suffered from a different issue, becoming almost too widely known, overnight.

Though the application had barely been advertised, the Chiliz News guide explains that with tens of thousands of new users signing up each day, the platform had to limit the registrations until they could expand the project. Several months after launch, the STEPN app became self- sustaining, with up to $100 million per month in regular income.

Unlike traditional blockchain-based games, STEPN is not a video game in the usual sense. It combines elements of gaming and finance with physical fitness and helps motivate you to get regular healthy exercise.  To play, you activate NFT sneakers, with each sneaker having a distinct set of attributes that affect their gameplay, and either walk, jog, or run, while logging your activity.

To provide financial stability to the project, the guide explains how STEPN uses a dual-token model which includes a governance coin and a utility coin. To read the full guide, please visit https://chiliznews.com/stepn- co-founder-jerry-huang- discusses-gamefi-new-user- numbers-app-demographics- sustainability

Disclaimer: This information does not constitute investment advice.